Bain Capital Specialty Finance (NYSE:BCSF) Price Target Raised to $19.00 at Wells Fargo & Company

Bain Capital Specialty Finance (NYSE:BCSF) had its price objective hoisted by Wells Fargo & Company from $18.00 to $19.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Bain Capital Specialty Finance Price Performance

BCSF stock opened at $17.66 on Monday. The company has a market capitalization of $1.14 billion, a P/E ratio of 8.87 and a beta of 1.10. Bain Capital Specialty Finance has a twelve month low of $15.29 and a twelve month high of $19.21. The business has a 50 day simple moving average of $17.90 and a 200-day simple moving average of $17.23. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13.

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

Bain Capital Specialty Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance’s dividend payout ratio is presently 90.81%.

Institutional Investors Weigh In On Bain Capital Specialty Finance

Hedge funds have recently modified their holdings of the stock. Mascoma Wealth Management LLC acquired a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth $29,000. Aquatic Capital Management LLC acquired a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth $67,000. Quantbot Technologies LP acquired a new stake in shares of Bain Capital Specialty Finance during the third quarter worth $136,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth $151,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of Bain Capital Specialty Finance by 14.5% during the fourth quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock worth $164,000 after purchasing an additional 1,189 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.