Muzinich & Co. Inc. Cuts Stock Position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Muzinich & Co. Inc. lessened its position in Bain Capital Specialty Finance, Inc. (NYSE:BCSF) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 319,525 shares of the company’s stock after selling 4,486 shares during the period. Bain Capital Specialty Finance accounts for 3.5% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 9th biggest position. Muzinich & Co. Inc.’s holdings in Bain Capital Specialty Finance were worth $5,598,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Lake Street Advisors Group LLC bought a new stake in shares of Bain Capital Specialty Finance in the fourth quarter worth about $6,886,000. Strategic Financial Concepts LLC bought a new stake in shares of Bain Capital Specialty Finance in the 4th quarter worth approximately $1,135,000. Allworth Financial LP purchased a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at approximately $5,459,000. Van ECK Associates Corp raised its holdings in shares of Bain Capital Specialty Finance by 13.8% during the fourth quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company’s stock valued at $19,070,000 after acquiring an additional 131,860 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Bain Capital Specialty Finance in the fourth quarter valued at $151,000.

Bain Capital Specialty Finance Stock Performance

Shares of Bain Capital Specialty Finance stock opened at $18.61 on Thursday. Bain Capital Specialty Finance, Inc. has a 12 month low of $15.27 and a 12 month high of $18.94. The firm has a market capitalization of $1.20 billion, a P/E ratio of 9.35 and a beta of 1.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. The business has a fifty day simple moving average of $17.80 and a two-hundred day simple moving average of $17.14.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their target price on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th.

Bain Capital Specialty Finance 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.