Onyx Bridge Wealth Group LLC Sells 9,428 Shares of Bain Capital Specialty Finance, Inc. $BCSF

Onyx Bridge Wealth Group LLC decreased its position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 28.6% during the second quarter, HoldingsChannel.com reports. The firm owned 23,482 shares of the company’s stock after selling 9,428 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Bain Capital Specialty Finance were worth $353,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP bought a new position in Bain Capital Specialty Finance during the 1st quarter valued at about $100,000. MQS Management LLC bought a new position in shares of Bain Capital Specialty Finance in the 1st quarter worth approximately $176,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Bain Capital Specialty Finance in the 2nd quarter worth approximately $185,000. Jump Financial LLC purchased a new stake in Bain Capital Specialty Finance in the 1st quarter worth approximately $200,000. Finally, Cooper Financial Group increased its holdings in Bain Capital Specialty Finance by 14.4% in the 2nd quarter. Cooper Financial Group now owns 13,597 shares of the company’s stock worth $205,000 after acquiring an additional 1,716 shares in the last quarter.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.50.

Bain Capital Specialty Finance Stock Down 1.5%

Shares of BCSF opened at $14.02 on Thursday. Bain Capital Specialty Finance, Inc. has a 12-month low of $13.20 and a 12-month high of $19.21. The firm has a fifty day moving average price of $14.77 and a 200-day moving average price of $15.03. The firm has a market capitalization of $909.15 million, a P/E ratio of 8.44 and a beta of 0.81. The company has a current ratio of 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 1.37.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Bain Capital Specialty Finance had a net margin of 37.90% and a return on equity of 11.41%. The company had revenue of $70.97 million during the quarter, compared to analyst estimates of $67.88 million. Equities research analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 earnings per share for the current year.

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.