Bain Capital Specialty Finance (NYSE:BCSF) Stock Gets Price Target Reduction from Wells Fargo & Company

Bain Capital Specialty Finance (NYSE:BCSF) had its price target trimmed by Wells Fargo & Company from $12.00 to $11.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts also recently commented on the stock. Keefe, Bruyette & Woods downgraded shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $15.00 to $13.00 in a report on Monday, August 17th. Noble Financial began coverage on shares of Bain Capital Specialty Finance in a report on Friday, September 18th. They issued a “neutral” rating on the stock. Loop Capital set a $12.50 target price on Bain Capital Specialty Finance in a report on Friday, September 18th. Jefferies Financial Group set a $13.00 price objective on shares of Bain Capital Specialty Finance in a research report on Monday, August 17th. Finally, Zacks Research upgraded shares of Bain Capital Specialty Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Four research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.30.

Bain Capital Specialty Finance Trading Up 0.3%

BCSF stock opened at $11.09 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.85 and a quick ratio of 7.20. The company has a market capitalization of $719.34 million, a PE ratio of 11.55 and a beta of 0.59. The firm’s 50-day moving average is $10.92 and its 200 day moving average is $12.33. Bain Capital Specialty Finance has a 12 month low of $9.99 and a 12 month high of $14.70.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. Bain Capital Specialty Finance had a net margin of 24.14% and a return on equity of 10.40%. The firm had revenue of $39.71 million during the quarter, compared to the consensus estimate of $61.03 million. On average, research analysts anticipate that Bain Capital Specialty Finance will post 1.64 EPS for the current year.

Bain Capital Specialty Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Tuesday, December 15th will be given a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.68 annualized dividend and a dividend yield of 15.2%. Bain Capital Specialty Finance’s dividend payout ratio is presently 175.00%.

Institutional Trading of Bain Capital Specialty Finance

Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in shares of Bain Capital Specialty Finance in the third quarter valued at about $28,000. Pension & Wealth Management Advisors Inc. increased its holdings in shares of Bain Capital Specialty Finance by 2,678.5% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 3,362 shares of the company’s stock worth $37,000 after purchasing an additional 3,241 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Bain Capital Specialty Finance in the first quarter valued at approximately $126,000. Corient Private Wealth LP bought a new position in Bain Capital Specialty Finance during the 2nd quarter worth $126,000. Finally, First Heartland Consultants Inc. acquired a new position in Bain Capital Specialty Finance in the 2nd quarter valued at $127,000.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc. is a business development company that provides financing to middle-market businesses. Its investment portfolio focuses primarily on debt, including first-lien senior secured and unitranche loans, and may also include other debt securities and equity investments. The company works with businesses across a range of industries, primarily in the United States, and may invest in companies in other countries. Bain Capital Specialty Finance is externally managed by Bain Capital Credit, an investment manager affiliated with Bain Capital.