Bain Capital Specialty Finance (NYSE:BCSF) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Bain Capital Specialty Finance (NYSE:BCSF) had its target price hoisted by Wells Fargo & Company from $17.00 to $18.00 in a research report report published on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Bain Capital Specialty Finance Price Performance

BCSF stock opened at $18.18 on Wednesday. Bain Capital Specialty Finance has a 52 week low of $14.77 and a 52 week high of $18.35. The firm has a market capitalization of $1.17 billion, a P/E ratio of 9.14 and a beta of 1.10. The company has a fifty day simple moving average of $17.35 and a two-hundred day simple moving average of $16.90. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.50 by $0.03. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. The company had revenue of $72.54 million during the quarter. During the same quarter in the prior year, the business posted $0.55 EPS. Analysts anticipate that Bain Capital Specialty Finance will post 2.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BCSF. Strategic Financial Concepts LLC bought a new stake in shares of Bain Capital Specialty Finance in the 4th quarter worth about $1,135,000. Allworth Financial LP bought a new stake in Bain Capital Specialty Finance in the fourth quarter worth about $5,459,000. Van ECK Associates Corp boosted its position in shares of Bain Capital Specialty Finance by 13.8% during the fourth quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company’s stock valued at $19,070,000 after buying an additional 131,860 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at approximately $151,000. Finally, Hager Investment Management Services LLC purchased a new stake in shares of Bain Capital Specialty Finance in the fourth quarter worth approximately $2,530,000.

Bain Capital Specialty Finance Company Profile

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.