Bain Capital Specialty Finance (NYSE:BCSF) Given New $11.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo lowered its price target on Bain Capital Specialty Finance from $12 to $11 and maintained an “equal weight” rating, implying 1.7% downside from the prior close.
• Analysts overall have a “Hold” consensus and an average price target of $12.40; other cited targets range from $12.50 to $13.00.
• The company reported quarterly EPS of $0.43, matching consensus, while revenue of $39.71 million came in below analysts’ $61.03 million estimate.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) had its price objective reduced by stock analysts at Wells Fargo & Company from $12.00 to $11.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price indicates a potential downside of 1.70% from the stock's previous close.

Other analysts have also issued research reports about the company. Capital One Financial set a $12.50 price objective on Bain Capital Specialty Finance in a report on Friday, September 18th. Loop Capital set a $12.50 target price on Bain Capital Specialty Finance in a report on Friday, September 18th. Noble Financial assumed coverage on shares of Bain Capital Specialty Finance in a report on Friday, September 18th. They issued a "neutral" rating on the stock. Jefferies Financial Group set a $13.00 target price on shares of Bain Capital Specialty Finance in a research report on Monday, August 17th. Finally, Zacks Research raised shares of Bain Capital Specialty Finance from a "strong sell" rating to a "hold" rating in a report on Tuesday, October 13th. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $12.40.

Bain Capital Specialty Finance Price Performance

BCSF opened at $11.19 on Wednesday. The company's 50-day simple moving average is $10.96 and its two-hundred day simple moving average is $12.37. The company has a debt-to-equity ratio of 1.39, a quick ratio of 7.20 and a current ratio of 7.20. The stock has a market capitalization of $725.88 million, a P/E ratio of 11.66 and a beta of 0.59. Bain Capital Specialty Finance has a 52-week low of $9.99 and a 52-week high of $14.70.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last announced its quarterly earnings results on Monday, November 9th. The company reported $0.43 EPS for the quarter, hitting analysts' consensus estimates of $0.43. The firm had revenue of $39.71 million during the quarter, compared to analyst estimates of $61.03 million. Bain Capital Specialty Finance had a net margin of 24.14% and a return on equity of 10.33%. As a group, analysts predict that Bain Capital Specialty Finance will post 1.64 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BCSF. State of Alaska Department of Revenue bought a new position in Bain Capital Specialty Finance in the 3rd quarter worth approximately $28,000. Pension & Wealth Management Advisors Inc. grew its holdings in Bain Capital Specialty Finance by 2,678.5% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 3,362 shares of the company's stock valued at $37,000 after buying an additional 3,241 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Bain Capital Specialty Finance in the 1st quarter worth approximately $126,000. Corient Private Wealth LP bought a new stake in Bain Capital Specialty Finance in the 2nd quarter worth approximately $126,000. Finally, First Heartland Consultants Inc. purchased a new stake in shares of Bain Capital Specialty Finance during the 2nd quarter worth approximately $127,000.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc. is a business development company that provides financing to middle-market businesses. Its investment portfolio focuses primarily on debt, including first-lien senior secured and unitranche loans, and may also include other debt securities and equity investments. The company works with businesses across a range of industries, primarily in the United States, and may invest in companies in other countries. Bain Capital Specialty Finance is externally managed by Bain Capital Credit, an investment manager affiliated with Bain Capital.

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