Wells Fargo & Company Forecasts Strong Price Appreciation for Bain Capital Specialty Finance (NYSE:BCSF) Stock

Bain Capital Specialty Finance (NYSE:BCSF) had its target price raised by stock analysts at Wells Fargo & Company from $18.00 to $19.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 5.74% from the stock’s previous close.

Bain Capital Specialty Finance Price Performance

NYSE:BCSF opened at $17.97 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. The business’s 50-day moving average price is $17.89 and its 200 day moving average price is $17.21. Bain Capital Specialty Finance has a 52-week low of $15.29 and a 52-week high of $19.21. The firm has a market cap of $1.16 billion, a P/E ratio of 9.03 and a beta of 1.10.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The company had revenue of $73.30 million for the quarter, compared to analysts’ expectations of $67.50 million. As a group, sell-side analysts predict that Bain Capital Specialty Finance will post 2.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bain Capital Specialty Finance

Several large investors have recently modified their holdings of BCSF. Mascoma Wealth Management LLC purchased a new stake in shares of Bain Capital Specialty Finance during the fourth quarter valued at $29,000. Aquatic Capital Management LLC acquired a new stake in Bain Capital Specialty Finance during the 4th quarter worth about $67,000. Quantbot Technologies LP purchased a new stake in Bain Capital Specialty Finance during the third quarter valued at about $136,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Bain Capital Specialty Finance in the fourth quarter worth about $151,000. Finally, Lazard Asset Management LLC increased its position in shares of 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 worth $164,000 after acquiring an additional 1,189 shares in 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.