Wells Fargo & Company Has Lowered Expectations for Bain Capital Specialty Finance (NYSE:BCSF) Stock Price

Bain Capital Specialty Finance (NYSE:BCSF) had its price objective dropped by analysts at Wells Fargo & Company from $14.00 to $13.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 1.80% from the company’s current price.

Separately, Keefe, Bruyette & Woods upgraded Bain Capital Specialty Finance from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a report on Friday, December 19th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Bain Capital Specialty Finance has a consensus rating of “Hold” and a consensus price target of $14.00.

Bain Capital Specialty Finance Price Performance

BCSF opened at $12.77 on Tuesday. The stock has a market cap of $828.39 million, a P/E ratio of 8.35 and a beta of 0.60. The company has a quick ratio of 1.78, a current ratio of 1.82 and a debt-to-equity ratio of 1.32. The company has a fifty day simple moving average of $13.49 and a 200 day simple moving average of $14.10. Bain Capital Specialty Finance has a 12 month low of $12.43 and a 12 month high of $17.93.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $68.20 million for the quarter, compared to analysts’ expectations of $68.48 million. Bain Capital Specialty Finance had a return on equity of 10.74% and a net margin of 36.14%. On average, research analysts expect that Bain Capital Specialty Finance will post 2.06 EPS for the current year.

Institutional Investors Weigh In On Bain Capital Specialty Finance

Hedge funds have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co lifted its position in shares of Bain Capital Specialty Finance by 1.4% in the second quarter. CANADA LIFE ASSURANCE Co now owns 51,245 shares of the company’s stock valued at $771,000 after buying an additional 723 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of Bain Capital Specialty Finance by 38.8% during the second quarter. GPS Wealth Strategies Group LLC now owns 2,682 shares of the company’s stock worth $40,000 after buying an additional 750 shares in the last quarter. CFO4Life Group LLC grew its stake in shares of Bain Capital Specialty Finance by 2.8% in the second quarter. CFO4Life Group LLC now owns 30,908 shares of the company’s stock valued at $465,000 after acquiring an additional 836 shares in the last quarter. Diversify Advisory Services LLC raised its stake in Bain Capital Specialty Finance by 5.4% in the 2nd quarter. Diversify Advisory Services LLC now owns 23,143 shares of the company’s stock worth $351,000 after purchasing an additional 1,193 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Bain Capital Specialty Finance by 52.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,604 shares of the company’s stock valued at $54,000 after purchasing an additional 1,241 shares during the period.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.