Bain Capital Specialty Finance (NYSE:BCSF) Price Target Lowered to $13.00 at Wells Fargo & Company

Bain Capital Specialty Finance (NYSE:BCSF) had its target price lowered by Wells Fargo & Company from $14.00 to $13.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Separately, Keefe, Bruyette & Woods upgraded Bain Capital Specialty Finance from a “market perform” rating to an “outperform” rating and set a $16.00 target price on the stock in a report on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Bain Capital Specialty Finance presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF opened at $12.57 on Tuesday. Bain Capital Specialty Finance has a 12-month low of $12.43 and a 12-month high of $18.58. The stock has a market cap of $815.42 million, a P/E ratio of 8.22 and a beta of 0.60. 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 company has a 50-day moving average of $13.51 and a two-hundred day moving average of $14.11.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. Bain Capital Specialty Finance had a net margin of 36.14% and a return on equity of 10.69%. The business had revenue of $68.20 million for the quarter, compared to analyst estimates of $68.48 million. As a group, research analysts predict that Bain Capital Specialty Finance will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Increases Dividend

The firm 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 $0.42 dividend. The ex-dividend date is Monday, March 16th. This is an increase from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03. This represents a $1.68 annualized dividend and a yield of 13.4%. Bain Capital Specialty Finance’s payout ratio is currently 109.80%.

Institutional Trading of Bain Capital Specialty Finance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. North Ground Capital purchased a new stake in Bain Capital Specialty Finance during the third quarter valued at about $2,494,000. Rockefeller Capital Management L.P. lifted its stake in shares of Bain Capital Specialty Finance by 13.0% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 366,542 shares of the company’s stock valued at $5,513,000 after purchasing an additional 42,056 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Bain Capital Specialty Finance during the 2nd quarter worth about $793,000. Sumitomo Mitsui Trust Group Inc. increased its position in Bain Capital Specialty Finance by 22.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 545,190 shares of the company’s stock worth $7,769,000 after purchasing an additional 98,222 shares in the last quarter. Finally, Muzinich & Co. Inc. raised its holdings in Bain Capital Specialty Finance by 16.9% in the third quarter. Muzinich & Co. Inc. now owns 647,534 shares of the company’s stock valued at $9,227,000 after buying an additional 93,732 shares during the period.

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.