Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) had its price target decreased by equities researchers at Wells Fargo & Company from $19.00 to $16.00 in a report released on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective points to a potential upside of 2.93% from the company's current price.
Separately, Keefe, Bruyette & Woods lowered their target price on Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th.
Check Out Our Latest Research Report on BCSF
Bain Capital Specialty Finance Stock Up 0.1 %
Bain Capital Specialty Finance stock traded up $0.02 during midday trading on Monday, hitting $15.55. The stock had a trading volume of 31,639 shares, compared to its average volume of 317,426. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. The business has a fifty day moving average price of $16.40 and a 200 day moving average price of $16.96. Bain Capital Specialty Finance has a 12 month low of $13.20 and a 12 month high of $19.21. The stock has a market cap of $1.00 billion, a P/E ratio of 7.81 and a beta of 0.79.
Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The company had revenue of $73.30 million for the quarter, compared to analysts' expectations of $67.50 million. Research analysts predict that Bain Capital Specialty Finance will post 2.06 EPS for the current year.
Insider Buying and Selling at Bain Capital Specialty Finance
In other Bain Capital Specialty Finance news, Director Clare Stack Richer purchased 1,530 shares of the business's stock in a transaction dated Monday, March 17th. The shares were bought at an average price of $16.43 per share, with a total value of $25,137.90. Following the completion of the acquisition, the director now owns 20,835 shares in the company, valued at approximately $342,319.05. This represents a 7.93 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.59% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Bain Capital Specialty Finance
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its holdings in shares of Bain Capital Specialty Finance by 136.2% in the 3rd quarter. Jane Street Group LLC now owns 24,092 shares of the company's stock worth $400,000 after purchasing an additional 13,892 shares in the last quarter. Franklin Resources Inc. grew its position in Bain Capital Specialty Finance by 14.6% during the third quarter. Franklin Resources Inc. now owns 287,890 shares of the company's stock valued at $4,779,000 after purchasing an additional 36,585 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Bain Capital Specialty Finance by 47.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 224,528 shares of the company's stock valued at $3,727,000 after acquiring an additional 71,806 shares in the last quarter. Graypoint LLC raised its holdings in shares of Bain Capital Specialty Finance by 2.1% during the fourth quarter. Graypoint LLC now owns 105,271 shares of the company's stock worth $1,844,000 after acquiring an additional 2,159 shares in the last quarter. Finally, Cooper Financial Group increased its position in Bain Capital Specialty Finance by 7.5% in the 4th quarter. Cooper Financial Group now owns 15,064 shares of the company's stock worth $264,000 after purchasing an additional 1,053 shares during the last quarter.
Bain Capital Specialty Finance Company Profile
(
Get Free Report)
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.
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