Bain Capital Specialty Finance (NYSE:BCSF) Given New $16.00 Price Target at Wells Fargo & Company

Bain Capital Specialty Finance (NYSE:BCSF) had its price target raised by equities researchers at Wells Fargo & Company from $15.00 to $16.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential downside of 3.70% from the company’s previous close.

Bain Capital Specialty Finance Stock Performance

NYSE:BCSF opened at $16.62 on Wednesday. The stock has a market cap of $1.07 billion, a P/E ratio of 8.31 and a beta of 1.11. The stock has a 50 day simple moving average of $15.95 and a 200 day simple moving average of $15.50. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.11. Bain Capital Specialty Finance has a 1-year low of $11.35 and a 1-year high of $16.94.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $74.95 million during the quarter. Bain Capital Specialty Finance had a return on equity of 12.54% and a net margin of 41.43%. Research analysts anticipate that Bain Capital Specialty Finance will post 2.07 earnings per share for the current year.

Hedge Funds Weigh In On Bain Capital Specialty Finance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC acquired a new position in Bain Capital Specialty Finance in the 4th quarter valued at $30,000. Signaturefd LLC acquired a new position in Bain Capital Specialty Finance in the 4th quarter valued at $93,000. Cape Investment Advisory Inc. acquired a new position in Bain Capital Specialty Finance in the 4th quarter valued at $134,000. Twin Focus Capital Partners LLC acquired a new position in Bain Capital Specialty Finance in the 4th quarter valued at $151,000. Finally, Cooper Financial Group acquired a new position in Bain Capital Specialty Finance in the 1st quarter valued at $182,000.

Bain Capital Specialty Finance Company 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.