Wells Fargo & Company Issues Positive Forecast for Bain Capital Specialty Finance (NYSE:BCSF) Stock Price

Bain Capital Specialty Finance (NYSE:BCSF) had its price target upped by stock analysts at Wells Fargo & Company from $17.00 to $18.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential downside of 0.14% from the stock’s current price.

Bain Capital Specialty Finance Trading Down 0.1 %

Bain Capital Specialty Finance stock traded down $0.01 during trading on Wednesday, reaching $18.03. 29,160 shares of the company were exchanged, compared to its average volume of 189,714. The stock’s 50 day simple moving average is $17.27 and its two-hundred day simple moving average is $16.87. The company has a market capitalization of $1.16 billion, a P/E ratio of 9.06 and a beta of 1.10. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. Bain Capital Specialty Finance has a 52-week low of $14.77 and a 52-week high of $18.17.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The firm had revenue of $72.54 million for the quarter. During the same period in the previous year, the firm posted $0.55 EPS. On average, equities research analysts expect 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 have recently modified their holdings of BCSF. Quarry LP increased its stake in Bain Capital Specialty Finance by 74.2% during the 2nd quarter. Quarry LP now owns 2,976 shares of the company’s stock worth $49,000 after buying an additional 1,268 shares during the period. Redhawk Wealth Advisors Inc. increased its position in shares of Bain Capital Specialty Finance by 2.4% during the third quarter. Redhawk Wealth Advisors Inc. now owns 73,506 shares of the company’s stock worth $1,220,000 after acquiring an additional 1,716 shares during the period. International Assets Investment Management LLC raised its stake in shares of Bain Capital Specialty Finance by 1,551.4% in the third quarter. International Assets Investment Management LLC now owns 526,706 shares of the company’s stock valued at $87,430,000 after acquiring an additional 494,812 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Bain Capital Specialty Finance by 10.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 465,868 shares of the company’s stock valued at $7,733,000 after purchasing an additional 43,794 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Bain Capital Specialty Finance by 10.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 22,537 shares of the company’s stock worth $374,000 after purchasing an additional 2,144 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.