Bain Capital Specialty Finance (NYSE:BCSF) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Bain Capital Specialty Finance (NYSE:BCSF) from a strong sell rating to a hold rating in a report published on Tuesday,Zacks reports.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company decreased their target price on shares of Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 12th. Jefferies Financial Group set a $13.00 target price on Bain Capital Specialty Finance in a research report on Monday, August 17th. Capital One Financial set a $12.50 price target on Bain Capital Specialty Finance in a research note on Friday, September 18th. Keefe, Bruyette & Woods lowered shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $15.00 to $13.00 in a research report on Monday, August 17th. Finally, Noble Financial started coverage on shares of Bain Capital Specialty Finance in a research note on Friday, September 18th. They issued a “neutral” rating on the stock. Four analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.60.

Bain Capital Specialty Finance Price Performance

Shares of NYSE BCSF opened at $10.45 on Tuesday. Bain Capital Specialty Finance has a twelve month low of $10.43 and a twelve month high of $14.70. The firm has a market cap of $678.14 million, a P/E ratio of 10.56 and a beta of 0.60. The company has a 50 day moving average of $11.60 and a 200 day moving average of $12.43. The company has a quick ratio of 7.20, a current ratio of 7.20 and a debt-to-equity ratio of 1.39.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Monday, August 10th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. Bain Capital Specialty Finance had a return on equity of 10.40% and a net margin of 24.22%. The business had revenue of $47.80 million for the quarter, compared to analysts’ expectations of $64.44 million. As a group, research analysts expect that Bain Capital Specialty Finance will post 1.64 EPS for the current fiscal year.

Bain Capital Specialty Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 16.1%. The ex-dividend date was Tuesday, September 15th. Bain Capital Specialty Finance’s dividend payout ratio is presently 169.70%.

Institutional Investors Weigh In On Bain Capital Specialty Finance

A number of institutional investors and hedge funds have recently bought and sold shares of BCSF. Columbus Macro LLC boosted its stake in Bain Capital Specialty Finance by 42.2% in the 3rd quarter. Columbus Macro LLC now owns 641,723 shares of the company’s stock worth $7,085,000 after purchasing an additional 190,414 shares during the period. First Heartland Consultants Inc. grew its holdings in Bain Capital Specialty Finance by 15.6% during the 3rd quarter. First Heartland Consultants Inc. now owns 11,709 shares of the company’s stock valued at $129,000 after buying an additional 1,581 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Bain Capital Specialty Finance by 39.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 51,975 shares of the company’s stock valued at $574,000 after buying an additional 14,595 shares in the last quarter. Confluence Investment Management LLC raised its position in shares of Bain Capital Specialty Finance by 2.9% during the third quarter. Confluence Investment Management LLC now owns 90,153 shares of the company’s stock valued at $995,000 after buying an additional 2,523 shares during the last quarter. Finally, Corient Private Wealth LP bought a new stake in shares of Bain Capital Specialty Finance during the second quarter valued at approximately $126,000.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that invests primarily in privately originated senior secured debt of middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in businesses across a range of industries.

BCSF’s portfolio generally includes first-lien and second-lien loans, unitranche debt and other credit investments. It may also make equity investments, including warrants and preferred or common equity, in connection with its lending activities.