Keefe, Bruyette & Woods Cuts Bain Capital Specialty Finance (NYSE:BCSF) Price Target to $16.00

Bain Capital Specialty Finance (NYSE:BCSF) had its price target dropped by equities research analysts at Keefe, Bruyette & Woods from $17.00 to $16.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 13.92% from the company’s current price.

Several other equities research analysts have also recently commented on the company. Wells Fargo & Company dropped their target price on Bain Capital Specialty Finance from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Wednesday. Zacks Research downgraded Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Bain Capital Specialty Finance presently has a consensus rating of “Hold” and a consensus price target of $15.50.

Bain Capital Specialty Finance Trading Up 0.2%

Shares of NYSE BCSF traded up $0.04 during trading on Thursday, hitting $14.05. 6,299 shares of the company traded hands, compared to its average volume of 310,597. The company has a 50-day moving average price of $14.33 and a 200-day moving average price of $14.97. The firm has a market capitalization of $911.10 million, a P/E ratio of 9.74 and a beta of 0.78. Bain Capital Specialty Finance has a 1 year low of $13.20 and a 1 year high of $19.21. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 1.37.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $67.20 million for the quarter, compared to analyst estimates of $69.53 million. Bain Capital Specialty Finance had a net margin of 33.45% and a return on equity of 11.00%. On average, equities analysts predict that Bain Capital Specialty Finance will post 2.06 EPS for the current year.

Hedge Funds Weigh In On Bain Capital Specialty Finance

A number of institutional investors and hedge funds have recently modified their holdings of BCSF. Cresset Asset Management LLC increased its stake in Bain Capital Specialty Finance by 20.9% during the 3rd quarter. Cresset Asset Management LLC now owns 1,452,327 shares of the company’s stock valued at $20,696,000 after purchasing an additional 250,844 shares in the last quarter. Melia Wealth LLC boosted its holdings in Bain Capital Specialty Finance by 13.4% in the 3rd quarter. Melia Wealth LLC now owns 1,123,229 shares of the company’s stock valued at $16,006,000 after purchasing an additional 132,497 shares during the period. Muzinich & Co. Inc. grew its holdings in shares of Bain Capital Specialty Finance by 16.9% in the third quarter. Muzinich & Co. Inc. now owns 647,534 shares of the company’s stock worth $9,227,000 after purchasing an additional 93,732 shares during the last quarter. Dimension Capital Management LLC increased its stake in shares of Bain Capital Specialty Finance by 12.6% during the second quarter. Dimension Capital Management LLC now owns 610,523 shares of the company’s stock valued at $9,182,000 after purchasing an additional 68,177 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Bain Capital Specialty Finance by 22.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 545,190 shares of the company’s stock valued at $7,769,000 after acquiring an additional 98,222 shares during the period.

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.