Keefe, Bruyette & Woods Has Lowered Expectations for Bain Capital Specialty Finance (NYSE:BCSF) Stock Price

Bain Capital Specialty Finance (NYSE:BCSF) had its target price reduced by research analysts at Keefe, Bruyette & Woods from $18.00 to $17.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 18.88% from the stock’s current price.

Separately, Wells Fargo & Company lifted their price objective 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 Price Performance

Shares of NYSE:BCSF traded up $0.05 during trading on Tuesday, hitting $14.30. 242,266 shares of the stock were exchanged, compared to its average volume of 243,913. The company has a fifty day moving average price of $17.50 and a two-hundred day moving average price of $17.20. The company has a market cap of $923.99 million, a PE ratio of 7.18 and a beta of 0.79. Bain Capital Specialty Finance has a 12-month low of $14.00 and a 12-month high of $19.21. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. The firm had revenue of $73.30 million during the quarter, compared to analysts’ expectations of $67.50 million. On average, analysts forecast that Bain Capital Specialty Finance will post 2.06 EPS for the current year.

Insiders Place Their Bets

In other Bain Capital Specialty Finance news, Director Clare Stack Richer purchased 1,530 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of $16.43 per share, with a total value of $25,137.90. Following the transaction, the director now owns 20,835 shares in the company, valued at approximately $342,319.05. This trade represents a 7.93 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bain Capital Specialty Finance

Several hedge funds have recently modified their holdings of the stock. Mascoma Wealth Management LLC acquired a new position in shares of Bain Capital Specialty Finance during the fourth quarter worth $29,000. Aquatic Capital Management LLC bought a new position in Bain Capital Specialty Finance during the 4th quarter valued at $67,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Bain Capital Specialty Finance during the fourth quarter worth about $151,000. Lazard Asset Management LLC lifted its position in shares of 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 worth $164,000 after buying an additional 1,189 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Bain Capital Specialty Finance in the fourth quarter worth $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.