Sumitomo Mitsui Trust Group Inc. Has $7.77 Million Stake in Bain Capital Specialty Finance, Inc. $BCSF

Sumitomo Mitsui Trust Group Inc. grew its stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 22.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 545,190 shares of the company’s stock after buying an additional 98,222 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.84% of Bain Capital Specialty Finance worth $7,769,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. CANADA LIFE ASSURANCE Co lifted its holdings in Bain Capital Specialty Finance by 1.4% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 51,245 shares of the company’s stock worth $771,000 after purchasing an additional 723 shares during the last quarter. GPS Wealth Strategies Group LLC raised its position in shares of Bain Capital Specialty Finance by 38.8% in the second quarter. GPS Wealth Strategies Group LLC now owns 2,682 shares of the company’s stock valued at $40,000 after purchasing an additional 750 shares during the period. CFO4Life Group LLC raised its position in shares of Bain Capital Specialty Finance by 2.8% in the second quarter. CFO4Life Group LLC now owns 30,908 shares of the company’s stock valued at $465,000 after purchasing an additional 836 shares during the period. Diversify Advisory Services LLC lifted its stake in shares of Bain Capital Specialty Finance by 5.4% in the second quarter. Diversify Advisory Services LLC now owns 23,143 shares of the company’s stock worth $351,000 after buying an additional 1,193 shares during the last quarter. Finally, Canton Hathaway LLC boosted its holdings in shares of Bain Capital Specialty Finance by 4.6% during the 2nd quarter. Canton Hathaway LLC now owns 27,375 shares of the company’s stock worth $412,000 after buying an additional 1,200 shares during the period.

Bain Capital Specialty Finance Trading Down 1.9%

Shares of BCSF opened at $13.77 on Friday. The stock’s 50-day moving average price is $14.02 and its 200 day moving average price is $14.54. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $893.25 million, a price-to-earnings ratio of 9.56 and a beta of 0.60. Bain Capital Specialty Finance, Inc. has a 12-month low of $13.20 and a 12-month high of $19.21.

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

Bain Capital Specialty Finance Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. Bain Capital Specialty Finance’s payout ratio is 116.67%.

Wall Street Analyst Weigh In

BCSF has been the subject of a number of research analyst reports. Zacks Research lowered shares of Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Wells Fargo & Company set a $14.00 price objective on Bain Capital Specialty Finance and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods upgraded Bain Capital Specialty Finance from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Bain Capital Specialty Finance currently has a consensus rating of “Hold” and a consensus target price of $15.00.

About Bain Capital Specialty Finance

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.