Zacks Research Downgrades Bain Capital Specialty Finance (NYSE:BCSF) to Hold

Key Points

• Zacks Research downgraded Bain Capital Specialty Finance from a "strong-buy" rating to a "hold" rating.
• The company's stock is currently priced at $14.00, with a market capitalization of approximately $908.43 million.
• Despite the downgrade, Bain Capital Specialty Finance reported earnings of $0.47 per share, exceeding analysts' expectations of $0.43.

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

Bain Capital Specialty Finance Stock Performance

BCSF stock opened at $14.00 on Tuesday. The company has a market capitalization of $908.43 million, a P/E ratio of 8.44 and a beta of 0.81. The company has a 50-day simple moving average of $14.88 and a 200 day simple moving average of $15.11. Bain Capital Specialty Finance has a fifty-two week low of $13.20 and a fifty-two week high of $19.21. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 1.37.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. The business had revenue of $70.97 million during the quarter, compared to the consensus estimate of $67.88 million. Bain Capital Specialty Finance had a net margin of 37.90% and a return on equity of 11.41%. Sell-side analysts predict that Bain Capital Specialty Finance will post 2.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bain Capital Specialty Finance

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Melia Wealth LLC lifted its holdings in Bain Capital Specialty Finance by 6.3% in the 2nd quarter. Melia Wealth LLC now owns 990,732 shares of the company's stock valued at $14,901,000 after acquiring an additional 58,815 shares during the last quarter. Dimension Capital Management LLC lifted its holdings in Bain Capital Specialty Finance by 12.6% in the 2nd quarter. Dimension Capital Management LLC now owns 610,523 shares of the company's stock valued at $9,182,000 after acquiring an additional 68,177 shares during the last quarter. Muzinich & Co. Inc. lifted its holdings in Bain Capital Specialty Finance by 53.0% in the 2nd quarter. Muzinich & Co. Inc. now owns 553,802 shares of the company's stock valued at $8,329,000 after acquiring an additional 191,776 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Bain Capital Specialty Finance by 23.8% in the 2nd quarter. Franklin Resources Inc. now owns 448,139 shares of the company's stock valued at $6,740,000 after acquiring an additional 86,278 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Bain Capital Specialty Finance by 28.0% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 446,968 shares of the company's stock valued at $6,722,000 after acquiring an additional 97,714 shares during the last quarter.

Bain Capital Specialty Finance Company Profile

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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