Bain Capital Specialty Finance (NYSE:BCSF) Upgraded to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded Bain Capital Specialty Finance from “strong sell” to “hold.” The stock has a consensus “Hold” rating and an average analyst price target of $12.60.
• BCSF shares opened at $10.45, down 1.6%, near their 52-week low of $10.43 and below both their 50-day and 200-day moving averages.
• The company’s latest quarterly earnings beat expectations, reporting $0.44 EPS versus a $0.42 estimate, although revenue of $47.8 million fell short of the $64.44 million consensus forecast.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Tuesday, Zacks reports.

BCSF has been the subject of several other research reports. Noble Financial began coverage on Bain Capital Specialty Finance in a research report on Friday, September 18th. They set a "neutral" rating for the company. Keefe, Bruyette & Woods downgraded Bain Capital Specialty Finance from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $15.00 to $13.00 in a research note on Monday, August 17th. Capital One Financial set a $12.50 price target on Bain Capital Specialty Finance in a report on Friday, September 18th. Jefferies Financial Group set a $13.00 price objective on shares of Bain Capital Specialty Finance in a research report on Monday, August 17th. Finally, Wells Fargo & Company cut their target price on shares of Bain Capital Specialty Finance from $13.00 to $12.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 12th. Four analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.60.

Bain Capital Specialty Finance Stock Down 1.6%

Shares of BCSF stock opened at $10.45 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 7.20 and a quick ratio of 7.20. Bain Capital Specialty Finance has a one year low of $10.43 and a one year high of $14.70. The company's fifty day moving average price is $11.60 and its 200-day moving average price is $12.43. The company has a market capitalization of $678.14 million, a price-to-earnings ratio of 10.56 and a beta of 0.60.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. Bain Capital Specialty Finance had a net margin of 24.22% and a return on equity of 10.40%. The company had revenue of $47.80 million during the quarter, compared to the consensus estimate of $64.44 million. Sell-side analysts expect that Bain Capital Specialty Finance will post 1.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Alpine Global Management LLC lifted its holdings in shares of Bain Capital Specialty Finance by 232.2% in the 4th quarter. Alpine Global Management LLC now owns 307,641 shares of the company's stock valued at $4,279,000 after acquiring an additional 215,031 shares during the last quarter. Columbus Macro LLC increased its stake in Bain Capital Specialty Finance by 42.2% during the third quarter. Columbus Macro LLC now owns 641,723 shares of the company's stock worth $7,085,000 after acquiring an additional 190,414 shares during the last quarter. Spartan Wealth Advisory Services LLC bought a new stake in Bain Capital Specialty Finance during the first quarter worth approximately $598,000. Diversify Wealth Management LLC bought a new stake in Bain Capital Specialty Finance during the first quarter worth approximately $507,000. Finally, Fifth Third Bancorp purchased a new stake in Bain Capital Specialty Finance during the first quarter valued at approximately $431,000.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc NYSE: BCSF is a business development company that invests primarily in privately originated senior secured debt of middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in businesses across a range of industries.

BCSF's portfolio generally includes first-lien and second-lien loans, unitranche debt and other credit investments. It may also make equity investments, including warrants and preferred or common equity, in connection with its lending activities.

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