Dimension Capital Management LLC Purchases 68,177 Shares of Bain Capital Specialty Finance, Inc. $BCSF

Dimension Capital Management LLC grew its position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 12.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 610,523 shares of the company’s stock after purchasing an additional 68,177 shares during the quarter. Bain Capital Specialty Finance makes up about 1.4% of Dimension Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Dimension Capital Management LLC owned approximately 0.94% of Bain Capital Specialty Finance worth $9,182,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Townsquare Capital LLC boosted its holdings in Bain Capital Specialty Finance by 15.4% in the 1st quarter. Townsquare Capital LLC now owns 54,507 shares of the company’s stock worth $905,000 after buying an additional 7,285 shares during the period. Virtu Financial LLC purchased a new position in shares of Bain Capital Specialty Finance in the first quarter valued at about $262,000. Ethos Financial Group LLC bought a new position in shares of Bain Capital Specialty Finance in the first quarter worth about $582,000. Kestra Advisory Services LLC grew its position in shares of Bain Capital Specialty Finance by 3.8% during the first quarter. Kestra Advisory Services LLC now owns 117,412 shares of the company’s stock worth $1,949,000 after purchasing an additional 4,308 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in Bain Capital Specialty Finance during the 1st quarter valued at approximately $200,000.

Bain Capital Specialty Finance Stock Up 0.4%

NYSE BCSF opened at $14.62 on Thursday. The stock has a 50 day moving average price of $14.04 and a 200-day moving average price of $14.80. Bain Capital Specialty Finance, Inc. has a one year low of $13.20 and a one year high of $19.21. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 1.78. The company has a market capitalization of $948.08 million, a P/E ratio of 10.15 and a beta of 0.61.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Monday, November 10th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. Bain Capital Specialty Finance had a net margin of 33.45% and a return on equity of 11.03%. The company had revenue of $67.20 million for the quarter, compared to the consensus estimate of $69.53 million. As a group, equities analysts predict that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance’s dividend payout ratio is currently 116.67%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company dropped their price target on Bain Capital Specialty Finance from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. Keefe, Bruyette & Woods dropped their target price on shares of Bain Capital Specialty Finance from $17.00 to $16.00 and set a “market perform” rating for the company in a research report on Thursday, November 13th. Finally, Zacks Research downgraded shares of Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.50.

About Bain Capital Specialty Finance

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.