Bain Capital Specialty Finance (NYSE:BCSF) Given New $16.00 Price Target at Keefe, Bruyette & Woods

Bain Capital Specialty Finance (NYSE:BCSF) had its target price reduced by equities researchers at Keefe, Bruyette & Woods from $17.00 to $16.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 13.92% from the stock’s current price.

Several other research firms have also recently commented on BCSF. Wells Fargo & Company lowered their target price on shares of Bain Capital Specialty Finance from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Wednesday. Zacks Research downgraded shares of Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.50.

Bain Capital Specialty Finance Trading Up 0.2%

Shares of NYSE BCSF traded up $0.04 during midday trading on Thursday, hitting $14.05. 6,299 shares of the company traded hands, compared to its average volume of 310,597. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.63 and a current ratio of 3.63. The stock has a 50-day moving average price of $14.33 and a 200 day moving average price of $14.97. Bain Capital Specialty Finance has a 12-month low of $13.20 and a 12-month high of $19.21. The firm has a market cap of $911.10 million, a P/E ratio of 9.74 and a beta of 0.78.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Monday, November 10th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Bain Capital Specialty Finance had a net margin of 33.45% and a return on equity of 11.00%. The firm had revenue of $67.20 million for the quarter, compared to analyst estimates of $69.53 million. As a group, analysts expect that Bain Capital Specialty Finance will post 2.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in Bain Capital Specialty Finance by 5.2% during the first quarter. Envestnet Asset Management Inc. now owns 346,923 shares of the company’s stock valued at $5,759,000 after buying an additional 17,050 shares during the last quarter. Graypoint LLC boosted its position in shares of Bain Capital Specialty Finance by 4.1% in the 1st quarter. Graypoint LLC now owns 109,630 shares of the company’s stock worth $1,820,000 after purchasing an additional 4,359 shares in the last quarter. Muzinich & Co. Inc. increased its holdings in Bain Capital Specialty Finance by 13.3% in the 1st quarter. Muzinich & Co. Inc. now owns 362,026 shares of the company’s stock worth $6,010,000 after acquiring an additional 42,501 shares in the last quarter. Gries Financial LLC lifted its holdings in Bain Capital Specialty Finance by 7.3% during the first quarter. Gries Financial LLC now owns 214,859 shares of the company’s stock valued at $3,567,000 after purchasing an additional 14,570 shares in the last quarter. Finally, Garner Asset Management Corp purchased a new stake in Bain Capital Specialty Finance in the 1st quarter valued at $484,000.

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.