Bain Capital Specialty Finance (NYSE:BCSF) Price Target Lowered to $15.00 at Keefe, Bruyette & Woods

Bain Capital Specialty Finance (NYSE:BCSF) had its target price reduced by Keefe, Bruyette & Woods from $16.00 to $15.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Separately, Wells Fargo & Company lowered their price target on Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.00.

Bain Capital Specialty Finance Trading Down 2.3%

Shares of NYSE:BCSF opened at $12.57 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $815.42 million, a PE ratio of 8.22 and a beta of 0.60. Bain Capital Specialty Finance has a 1 year low of $12.43 and a 1 year high of $18.58. The firm has a fifty day moving average price of $13.51 and a 200 day moving average price of $14.11.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $68.20 million during the quarter, compared to analysts’ expectations of $68.48 million. Bain Capital Specialty Finance had a return on equity of 10.69% and a net margin of 36.14%. Analysts expect that Bain Capital Specialty Finance will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 13.4%. The ex-dividend date is Monday, March 16th. This is an increase from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03. Bain Capital Specialty Finance’s dividend payout ratio is currently 109.80%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Motiv8 Investments LLC acquired a new stake in Bain Capital Specialty Finance during the fourth quarter worth about $38,000. GPS Wealth Strategies Group LLC lifted its position in shares of Bain Capital Specialty Finance by 38.8% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,682 shares of the company’s stock worth $40,000 after acquiring an additional 750 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Bain Capital Specialty Finance in the 4th quarter worth approximately $42,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Bain Capital Specialty Finance by 52.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,604 shares of the company’s stock worth $54,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Stone House Investment Management LLC bought a new stake in shares of Bain Capital Specialty Finance during the third quarter valued at approximately $55,000.

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.