Bain Capital Specialty Finance (NYSE:BCSF) Given New $17.00 Price Target at Keefe, Bruyette & Woods

Bain Capital Specialty Finance (NYSE:BCSF) had its price target cut by analysts at Keefe, Bruyette & Woods from $18.00 to $17.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 18.88% from the stock’s current price.

Separately, Wells Fargo & Company boosted their price target on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd.

Bain Capital Specialty Finance Trading Up 0.4 %

Shares of NYSE:BCSF traded up $0.05 during midday trading on Tuesday, reaching $14.30. 242,266 shares of the company’s stock were exchanged, compared to its average volume of 243,913. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $923.99 million, a price-to-earnings ratio of 7.18 and a beta of 0.79. The firm’s 50 day simple moving average is $17.50 and its two-hundred day simple moving average is $17.20. Bain Capital Specialty Finance has a fifty-two week low of $14.00 and a fifty-two week high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 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 $73.30 million for the quarter, compared to analyst estimates of $67.50 million. As a group, sell-side analysts forecast that Bain Capital Specialty Finance will post 2.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Clare Stack Richer acquired 1,530 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was bought at an average cost of $16.43 per share, with a total value of $25,137.90. Following the transaction, the director now owns 20,835 shares of the company’s stock, valued at $342,319.05. The trade was a 7.93 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bain Capital Specialty Finance

Several large investors have recently modified their holdings of BCSF. United Advisor Group LLC increased its stake in Bain Capital Specialty Finance by 3.3% in the 4th quarter. United Advisor Group LLC now owns 79,504 shares of the company’s stock valued at $1,393,000 after buying an additional 2,546 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Bain Capital Specialty Finance during the fourth quarter worth about $354,000. Lazard Asset Management LLC raised its holdings in Bain Capital Specialty Finance by 14.5% during the fourth quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock worth $164,000 after purchasing an additional 1,189 shares in the last quarter. Cresset Asset Management LLC acquired a new stake in Bain Capital Specialty Finance in the fourth quarter valued at about $25,006,000. Finally, Cetera Investment Advisers purchased a new stake in Bain Capital Specialty Finance in the 4th quarter valued at approximately $5,560,000.

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.