Wells Fargo & Company Issues Pessimistic Forecast for Bain Capital Specialty Finance (NYSE:BCSF) Stock Price

Bain Capital Specialty Finance (NYSE:BCSF) had its price objective cut by analysts at Wells Fargo & Company from $19.00 to $16.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 3.56% from the company’s previous close.

Separately, Keefe, Bruyette & Woods lowered their target price on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Tuesday, April 8th.

Bain Capital Specialty Finance Stock Down 0.6 %

Shares of NYSE BCSF opened at $15.45 on Monday. The business has a 50-day moving average of $16.28 and a two-hundred day moving average of $16.94. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 7.76 and a beta of 0.79. Bain Capital Specialty Finance has a 1 year low of $13.20 and a 1 year high of $19.21. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its earnings results on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $73.30 million during the quarter, compared to analysts’ expectations of $67.50 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. On average, analysts forecast that Bain Capital Specialty Finance will post 2.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Bain Capital Specialty Finance

In other Bain Capital Specialty Finance news, Director Clare Stack Richer acquired 1,530 shares of the company’s stock in a transaction on Monday, March 17th. The shares were bought at an average cost of $16.43 per share, for a total transaction of $25,137.90. Following the completion of the purchase, the director now owns 20,835 shares in the company, valued at $342,319.05. This trade represents a 7.93 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bain Capital Specialty Finance

A number of hedge funds and other institutional investors have recently made changes to their positions in BCSF. Mascoma Wealth Management LLC purchased a new stake in Bain Capital Specialty Finance during the 4th quarter valued at approximately $29,000. Aquatic Capital Management LLC purchased a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth approximately $67,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth $151,000. Lazard Asset Management LLC grew its position in Bain Capital Specialty Finance by 14.5% in the 4th quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock valued at $164,000 after buying an additional 1,189 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Bain Capital Specialty Finance in the 4th quarter valued at $197,000.

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.