Wells Fargo & Company Has Lowered Expectations for Bain Capital Specialty Finance (NYSE:BCSF) Stock Price

Key Points

• Wells Fargo cut Bain Capital Specialty Finance’s price target from $13 to $12 while maintaining an “equal weight” rating, implying about 6.8% downside from the $12.88 share price.
• BCSF’s latest quarterly results were mixed: adjusted EPS of $0.44 exceeded the $0.42 consensus estimate, but revenue of $47.8 million fell short of analysts’ $64.44 million forecast.
• The stock has a market capitalization of approximately $835 million and trades near its moving averages, while several institutional investors recently initiated or increased positions.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) had its price objective reduced by stock analysts at Wells Fargo & Company from $13.00 to $12.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price suggests a potential downside of 6.80% from the company's current price.

Bain Capital Specialty Finance Price Performance

Shares of NYSE:BCSF opened at $12.88 on Wednesday. Bain Capital Specialty Finance has a 12 month low of $11.82 and a 12 month high of $15.84. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.33. The stock has a market cap of $835.25 million, a P/E ratio of 13.01 and a beta of 0.58. The company has a 50 day moving average of $12.64 and a 200 day moving average of $12.91.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. Bain Capital Specialty Finance had a net margin of 24.22% and a return on equity of 10.32%. The firm had revenue of $47.80 million during the quarter, compared to analyst estimates of $64.44 million. As a group, sell-side analysts forecast that Bain Capital Specialty Finance will post 1.67 EPS for the current fiscal year.

Institutional Trading of Bain Capital Specialty Finance

Hedge funds have recently made changes to their positions in the stock. Motiv8 Investments LLC bought a new stake in Bain Capital Specialty Finance during the fourth quarter worth about $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Bain Capital Specialty Finance in the fourth quarter worth approximately $42,000. BNP Paribas Financial Markets grew its position in Bain Capital Specialty Finance by 352.1% during the third quarter. BNP Paribas Financial Markets now owns 4,069 shares of the company's stock valued at $58,000 after acquiring an additional 3,169 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Bain Capital Specialty Finance during the second quarter worth approximately $121,000. Finally, Prairiewood Capital LLC bought a new stake in shares of Bain Capital Specialty Finance in the 1st quarter worth approximately $126,000.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance NYSE: BCSF is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm's core business activities include direct lending to U.S.

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