Keefe, Bruyette & Woods Lowers Bain Capital Specialty Finance (NYSE:BCSF) Price Target to $17.00

Bain Capital Specialty Finance (NYSE:BCSF) had its target price reduced by equities research analysts at Keefe, Bruyette & Woods from $18.00 to $17.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 13.37% from the company’s previous close.

Separately, Wells Fargo & Company upped their price target on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd.

Bain Capital Specialty Finance Stock Up 8.9 %

Shares of NYSE:BCSF opened at $15.00 on Tuesday. The company has a market cap of $968.90 million, a price-to-earnings ratio of 7.54 and a beta of 0.79. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a fifty day moving average price of $17.20 and a two-hundred day moving average price of $17.12. Bain Capital Specialty Finance has a one year low of $13.20 and a one year high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF) last released its earnings results on Thursday, February 27th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $73.30 million for 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%. Analysts anticipate that Bain Capital Specialty Finance will post 2.06 EPS for the current fiscal year.

Insider Activity

In related news, Director Clare Stack Richer bought 1,530 shares of the stock in a transaction on Monday, March 17th. The shares were acquired at an average price of $16.43 per share, for a total transaction of $25,137.90. Following the purchase, the director now owns 20,835 shares of the company’s stock, valued at approximately $342,319.05. The trade was a 7.93 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Bain Capital Specialty Finance

A number of hedge funds have recently added to or reduced their stakes in BCSF. CFO4Life Group LLC increased its holdings in Bain Capital Specialty Finance by 2.5% during the fourth quarter. CFO4Life Group LLC now owns 31,499 shares of the company’s stock valued at $552,000 after buying an additional 769 shares during the last quarter. Cooper Financial Group raised its position in shares of Bain Capital Specialty Finance by 7.5% during the fourth quarter. Cooper Financial Group now owns 15,064 shares of the company’s stock valued at $264,000 after buying an additional 1,053 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Bain Capital Specialty Finance by 14.5% during the 4th quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock valued at $164,000 after purchasing an additional 1,189 shares during the last quarter. Prairiewood Capital LLC increased its stake in Bain Capital Specialty Finance by 8.6% in the 4th quarter. Prairiewood Capital LLC now owns 15,211 shares of the company’s stock worth $266,000 after acquiring an additional 1,201 shares during the last quarter. Finally, Comerica Bank lifted its position in Bain Capital Specialty Finance by 8.2% during the fourth quarter. Comerica Bank now owns 17,029 shares of the company’s stock valued at $298,000 after purchasing an additional 1,292 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.