Keefe, Bruyette & Woods Has Lowered Expectations for Bain Capital Specialty Finance (NYSE:BCSF) Stock Price

Bain Capital Specialty Finance (NYSE:BCSF) had its price target cut by research analysts at Keefe, Bruyette & Woods from $18.00 to $17.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 13.37% from the company’s previous close.

Separately, Wells Fargo & Company upped their price target on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd.

Bain Capital Specialty Finance Trading Up 8.9 %

Bain Capital Specialty Finance stock opened at $15.00 on Tuesday. The business’s 50-day simple moving average is $17.20 and its 200-day simple moving average is $17.12. The firm has a market capitalization of $968.90 million, a PE ratio of 7.54 and a beta of 0.79. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. Bain Capital Specialty Finance has a 52 week low of $13.20 and a 52 week high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. The firm had revenue of $73.30 million during the quarter, compared to analyst estimates of $67.50 million. Equities research analysts forecast that Bain Capital Specialty Finance will post 2.06 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Clare Stack Richer bought 1,530 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were bought at an average cost of $16.43 per share, with a total value of $25,137.90. Following the acquisition, the director now owns 20,835 shares in the company, valued at $342,319.05. This trade represents a 7.93 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Bain Capital Specialty Finance

Several institutional investors and hedge funds have recently made changes to their positions in the company. CFO4Life Group LLC raised its holdings in shares of Bain Capital Specialty Finance by 2.5% during the 4th quarter. CFO4Life Group LLC now owns 31,499 shares of the company’s stock worth $552,000 after buying an additional 769 shares in the last quarter. Cooper Financial Group lifted its holdings in shares of Bain Capital Specialty Finance by 7.5% in the fourth quarter. Cooper Financial Group now owns 15,064 shares of the company’s stock worth $264,000 after acquiring an additional 1,053 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Bain Capital Specialty Finance by 14.5% in the 4th quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock valued at $164,000 after purchasing an additional 1,189 shares in the last quarter. Prairiewood Capital LLC boosted its holdings in shares of Bain Capital Specialty Finance by 8.6% during the 4th quarter. Prairiewood Capital LLC now owns 15,211 shares of the company’s stock valued at $266,000 after acquiring an additional 1,201 shares in the last quarter. Finally, Comerica Bank boosted its holdings in Bain Capital Specialty Finance by 8.2% in the fourth quarter. Comerica Bank now owns 17,029 shares of the company’s stock valued at $298,000 after acquiring an additional 1,292 shares during the last quarter.

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.