Bain Capital Specialty Finance (NYSE:BCSF) Given New $16.00 Price Target at Wells Fargo & Company

Bain Capital Specialty Finance (NYSE:BCSF - Free Report) had its price objective cut by Wells Fargo & Company from $19.00 to $16.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Separately, Keefe, Bruyette & Woods dropped their price objective on Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th.

Bain Capital Specialty Finance Stock Performance

BCSF traded up $0.36 during trading on Monday, hitting $15.37. The stock had a trading volume of 341,633 shares, compared to its average volume of 244,331. The firm has a market capitalization of $997.04 million, a P/E ratio of 7.72 and a beta of 0.79. The company's 50-day moving average price is $16.07 and its 200 day moving average price is $16.91. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. Bain Capital Specialty Finance has a twelve month low of $13.20 and a twelve month high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, beating 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 company had revenue of $73.30 million for the quarter, compared to analyst estimates of $67.50 million. On average, equities research analysts forecast that Bain Capital Specialty Finance will post 2.06 EPS for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Tuesday, December 16th. Bain Capital Specialty Finance's dividend payout ratio (DPR) is presently 90.81%.

Insiders Place Their Bets

In other news, Director Clare Stack Richer bought 1,530 shares of the stock in a transaction 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 purchase, the director now owns 20,835 shares of the company's stock, valued at approximately $342,319.05. The trade was a 7.93 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bain Capital Specialty Finance

Several hedge funds have recently made changes to their positions in the business. Mascoma Wealth Management LLC purchased a new stake in Bain Capital Specialty Finance in the 4th quarter valued at about $29,000. Aquatic Capital Management LLC purchased a new stake in Bain Capital Specialty Finance in the fourth quarter valued at approximately $67,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Bain Capital Specialty Finance during the fourth quarter worth approximately $151,000. Lazard Asset Management LLC raised its stake in 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. Finally, MQS Management LLC acquired a new position in shares of Bain Capital Specialty Finance in the 1st quarter valued at $176,000.

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.