Bain Capital Specialty Finance (NYSE:BCSF) PT Raised to $16.00 at Wells Fargo & Company

Bain Capital Specialty Finance (NYSE:BCSF) had its target price boosted by Wells Fargo & Company from $15.00 to $16.00 in a report released on Wednesday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Bain Capital Specialty Finance Stock Performance

NYSE:BCSF opened at $16.55 on Wednesday. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average price of $15.93 and a 200 day moving average price of $15.49. Bain Capital Specialty Finance has a fifty-two week low of $11.31 and a fifty-two week high of $16.94.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $74.95 million during the quarter. Bain Capital Specialty Finance had a net margin of 41.43% and a return on equity of 12.54%. As a group, equities analysts forecast that Bain Capital Specialty Finance will post 2.07 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently declared a None dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be given a $0.45 dividend. The ex-dividend date is Friday, June 28th. This represents a yield of 10.2%. Bain Capital Specialty Finance’s dividend payout ratio is presently 88.42%.

Hedge Funds Weigh In On Bain Capital Specialty Finance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimension Capital Management LLC boosted its position in Bain Capital Specialty Finance by 0.3% in the 3rd quarter. Dimension Capital Management LLC now owns 3,660,371 shares of the company’s stock valued at $56,040,000 after buying an additional 10,646 shares during the period. Melia Wealth LLC purchased a new stake in shares of Bain Capital Specialty Finance during the 4th quarter worth $14,327,000. Van ECK Associates Corp lifted its position in shares of Bain Capital Specialty Finance by 13.4% during the 1st quarter. Van ECK Associates Corp now owns 886,423 shares of the company’s stock worth $13,899,000 after purchasing an additional 104,422 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Bain Capital Specialty Finance by 1,549.3% during the 4th quarter. International Assets Investment Management LLC now owns 476,920 shares of the company’s stock worth $7,187,000 after purchasing an additional 448,003 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Bain Capital Specialty Finance by 5.9% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 381,176 shares of the company’s stock worth $5,977,000 after purchasing an additional 21,151 shares during the last quarter.

About Bain Capital Specialty Finance

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.