Bain Capital Specialty Finance (NYSE:BCSF) PT Raised to $16.00 at Wells Fargo & Company

Bain Capital Specialty Finance (NYSE:BCSF) had its target price raised by research analysts at Wells Fargo & Company from $15.00 to $16.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 3.21% from the stock’s previous close.

Bain Capital Specialty Finance Trading Down 0.1 %

Shares of NYSE:BCSF traded down $0.02 during midday trading on Wednesday, reaching $16.53. 139,563 shares of the company’s stock traded hands, compared to its average volume of 274,854. Bain Capital Specialty Finance has a one year low of $11.31 and a one year high of $16.94. The stock has a 50 day moving average of $15.91 and a 200 day moving average of $15.48. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.11.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its earnings results on Tuesday, February 27th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. Bain Capital Specialty Finance had a net margin of 41.43% and a return on equity of 12.54%. The business had revenue of $74.95 million for the quarter. On average, research analysts forecast that Bain Capital Specialty Finance will post 2.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bain Capital Specialty Finance

Several hedge funds and other institutional investors have recently modified their holdings of the company. Melia Wealth LLC bought a new stake in Bain Capital Specialty Finance during the fourth quarter valued at approximately $14,327,000. Jump Financial LLC bought a new stake in shares of Bain Capital Specialty Finance during the 3rd quarter valued at $666,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of Bain Capital Specialty Finance in the 4th quarter worth $203,000. Foster Victor Wealth Advisors LLC raised its holdings in Bain Capital Specialty Finance by 11.8% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 19,000 shares of the company’s stock worth $295,000 after purchasing an additional 2,000 shares during the period. Finally, Koshinski Asset Management Inc. lifted its position in Bain Capital Specialty Finance by 73.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 28,052 shares of the company’s stock valued at $423,000 after purchasing an additional 11,910 shares in 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.