Wells Fargo & Company Issues Positive Forecast for Bain Capital Specialty Finance (NYSE:BCSF) Stock Price

Bain Capital Specialty Finance (NYSE:BCSF) had its price target raised by Wells Fargo & Company from $18.00 to $19.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

Bain Capital Specialty Finance Stock Performance

NYSE BCSF opened at $18.57 on Monday. The stock has a market cap of $1.20 billion, a PE ratio of 9.33 and a beta of 1.10. 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 has a twelve month low of $15.29 and a twelve month high of $19.21. The stock has a fifty day simple moving average of $17.89 and a 200-day simple moving average of $17.21.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its earnings results 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 return on equity of 11.90% and a net margin of 43.62%. The firm had revenue of $73.30 million for the quarter, compared to analyst estimates of $67.50 million. Equities analysts anticipate that Bain Capital Specialty Finance will post 2.06 earnings per share 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. Shareholders of record on Tuesday, December 16th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Tuesday, December 16th. Bain Capital Specialty Finance’s dividend payout ratio is currently 90.81%.

Institutional Investors Weigh In On Bain Capital Specialty Finance

A number of hedge funds have recently bought and sold shares of BCSF. Mascoma Wealth Management LLC acquired a new stake in shares of Bain Capital Specialty Finance during the 4th quarter worth about $29,000. Aquatic Capital Management LLC acquired a new stake in shares of Bain Capital Specialty Finance during the 4th quarter worth about $67,000. Quantbot Technologies LP acquired a new stake in shares of Bain Capital Specialty Finance during the 3rd quarter worth about $136,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Bain Capital Specialty Finance during the 4th quarter worth about $151,000. Finally, Lazard Asset Management LLC raised its position 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 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.