Bain Capital Specialty Finance (NYSE:BCSF) Price Target Raised to $19.00

Bain Capital Specialty Finance (NYSE:BCSF) had its price objective increased by Wells Fargo & Company from $18.00 to $19.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Bain Capital Specialty Finance Price Performance

Shares of NYSE BCSF opened at $17.66 on Monday. The firm has a market cap of $1.14 billion, a PE ratio of 8.87 and a beta of 1.10. The firm has a fifty day moving average of $17.90 and a 200 day moving average of $17.23. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. Bain Capital Specialty Finance has a one year low of $15.29 and a one year high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF) last released its earnings results on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $73.30 million during the quarter, compared to analyst estimates of $67.50 million. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.12 annualized dividend and a dividend yield of 0.68%. Bain Capital Specialty Finance’s dividend payout ratio is presently 90.81%.

Institutional Trading of Bain Capital Specialty Finance

Several hedge funds have recently made changes to their positions in the business. Mascoma Wealth Management LLC purchased a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth approximately $29,000. Aquatic Capital Management LLC purchased a new position in Bain Capital Specialty Finance in the fourth quarter valued at approximately $67,000. Quantbot Technologies LP purchased a new position in Bain Capital Specialty Finance in the third quarter valued at approximately $136,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Bain Capital Specialty Finance in the fourth quarter valued at approximately $151,000. Finally, Lazard Asset Management LLC increased its stake in Bain Capital Specialty Finance by 14.5% in the fourth quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock valued at $164,000 after purchasing an additional 1,189 shares during the last quarter.

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.