Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Position Cut by Pathstone Holdings LLC

Pathstone Holdings LLC reduced its holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,110 shares of the company’s stock after selling 12,134 shares during the quarter. Pathstone Holdings LLC owned 0.28% of Bain Capital Specialty Finance worth $2,973,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in BCSF. Quarry LP boosted its holdings in shares of Bain Capital Specialty Finance by 74.2% in the second quarter. Quarry LP now owns 2,976 shares of the company’s stock valued at $49,000 after acquiring an additional 1,268 shares in the last quarter. Register Financial Advisors LLC acquired a new position in shares of Bain Capital Specialty Finance during the 2nd quarter valued at $130,000. BOKF NA bought a new stake in shares of Bain Capital Specialty Finance in the 2nd quarter worth $159,000. Farther Finance Advisors LLC acquired a new stake in shares of Bain Capital Specialty Finance in the third quarter valued at $182,000. Finally, Lazard Asset Management LLC boosted its stake in Bain Capital Specialty Finance by 58.5% during the first quarter. Lazard Asset Management LLC now owns 12,410 shares of the company’s stock valued at $194,000 after buying an additional 4,581 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $17.00 target price on shares of Bain Capital Specialty Finance in a report on Wednesday, August 21st.

Bain Capital Specialty Finance Trading Up 0.6 %

NYSE:BCSF opened at $16.74 on Monday. The stock has a fifty day simple moving average of $16.79 and a 200 day simple moving average of $16.60. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 8.41 and a beta of 1.13. Bain Capital Specialty Finance, Inc. has a 1-year low of $14.75 and a 1-year high of $17.25.

Bain Capital Specialty Finance (NYSE:BCSF) last released its earnings results on Tuesday, November 5th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The business had revenue of $72.54 million for the quarter. During the same period last year, the business earned $0.55 earnings per share. Sell-side analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc is business development company specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt.