Royal Bank of Canada Sells 69,678 Shares of Bain Capital Specialty Finance, Inc. $BCSF

Royal Bank of Canada lessened its holdings in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 48.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 75,629 shares of the company’s stock after selling 69,678 shares during the quarter. Royal Bank of Canada’s holdings in Bain Capital Specialty Finance were worth $938,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in BCSF. Entropy Technologies LP acquired a new stake in Bain Capital Specialty Finance in the 1st quarter valued at approximately $266,000. Lido Advisors LLC increased its position in Bain Capital Specialty Finance by 5.5% in the 1st quarter. Lido Advisors LLC now owns 54,238 shares of the company’s stock worth $673,000 after buying an additional 2,813 shares during the period. Spartan Wealth Advisory Services LLC acquired a new position in shares of Bain Capital Specialty Finance during the first quarter worth approximately $598,000. Independent Financial Group LLC bought a new stake in shares of Bain Capital Specialty Finance in the first quarter valued at approximately $415,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Bain Capital Specialty Finance in the first quarter valued at approximately $126,000.

Bain Capital Specialty Finance Price Performance

Shares of NYSE:BCSF opened at $12.10 on Friday. The firm has a market capitalization of $784.93 million, a PE ratio of 12.22 and a beta of 0.58. The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 1.39. Bain Capital Specialty Finance, Inc. has a 1-year low of $11.82 and a 1-year high of $15.84. The business’s 50 day moving average is $12.54 and its 200-day moving average is $12.85.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its earnings results on Monday, August 10th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $47.80 million during the quarter, compared to analyst estimates of $64.44 million. Bain Capital Specialty Finance had a return on equity of 10.40% and a net margin of 24.22%. Sell-side analysts predict that Bain Capital Specialty Finance, Inc. will post 1.64 earnings per share for the current year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a $0.42 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 13.9%. Bain Capital Specialty Finance’s dividend payout ratio is currently 169.70%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BCSF. Keefe, Bruyette & Woods lowered shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $15.00 to $13.00 in a research report on Monday. Jefferies Financial Group set a $13.00 price target on shares of Bain Capital Specialty Finance in a report on Monday. Capital One Financial set a $13.00 price target on shares of Bain Capital Specialty Finance in a research report on Monday. Wells Fargo & Company dropped their price objective on shares of Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 12th. Finally, Zacks Research cut shares of Bain Capital Specialty Finance from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $12.75.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.