Bain Capital Specialty Finance (NYSE:BCSF) Stock Rating Upgraded by Zacks Research

Bain Capital Specialty Finance (NYSE:BCSF) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

Several other research firms also recently weighed in on BCSF. Loop Capital set a $12.50 target price on Bain Capital Specialty Finance in a research report on Friday, September 18th. Jefferies Financial Group set a $13.00 price target on shares of Bain Capital Specialty Finance in a report on Monday, August 17th. Keefe, Bruyette & Woods cut shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $15.00 to $13.00 in a report on Monday, August 17th. Noble Financial started coverage on shares of Bain Capital Specialty Finance in a research report on Friday, September 18th. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company lowered their price target on Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, August 12th. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.60.

Bain Capital Specialty Finance Stock Down 1.6%

Shares of NYSE:BCSF opened at $10.45 on Tuesday. The firm has a market capitalization of $678.14 million, a PE ratio of 10.56 and a beta of 0.60. The business has a 50 day simple moving average of $11.60 and a two-hundred day simple moving average of $12.43. Bain Capital Specialty Finance has a 1 year low of $10.43 and a 1 year high of $14.70. 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 (NYSE:BCSF) last issued its quarterly 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. The firm had revenue of $47.80 million for the quarter, compared to the consensus estimate of $64.44 million. Bain Capital Specialty Finance had a return on equity of 10.40% and a net margin of 24.22%. On average, equities analysts predict that Bain Capital Specialty Finance will post 1.64 EPS for the current year.

Institutional Trading of Bain Capital Specialty Finance

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Prairiewood Capital LLC purchased a new position in shares of Bain Capital Specialty Finance in the 1st quarter valued at approximately $126,000. Sanctuary Advisors LLC purchased a new stake in Bain Capital Specialty Finance during the 1st quarter worth approximately $126,000. Corient Private Wealth LP purchased a new stake in Bain Capital Specialty Finance during the 2nd quarter worth approximately $126,000. First Heartland Consultants Inc. purchased a new stake in Bain Capital Specialty Finance during the 2nd quarter worth approximately $127,000. Finally, Nicholas Hoffman & Company LLC. acquired a new position in Bain Capital Specialty Finance during the 1st quarter valued at approximately $149,000.

About Bain Capital Specialty Finance

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.