Bain Capital Specialty Finance (NYSE:BCSF) Stock Price Target Lowered at Wells Fargo & Company

Bain Capital Specialty Finance (NYSE:BCSF) had its price target decreased by research analysts at Wells Fargo & Company from $12.00 to $11.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 1.70% from the stock’s current price.

A number of other brokerages also recently issued reports on BCSF. Jefferies Financial Group set a $13.00 price objective on Bain Capital Specialty Finance in a research report on Monday, August 17th. Loop Capital set a $12.50 target price on Bain Capital Specialty Finance in a report on Friday, September 18th. Zacks Research raised Bain Capital Specialty Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Keefe, Bruyette & Woods downgraded Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and cut their target price for the company from $15.00 to $13.00 in a research report on Monday, August 17th. Finally, Capital One Financial set a $12.50 price target on Bain Capital Specialty Finance in a report on Friday, September 18th. Four equities research analysts have rated the stock with a Hold rating. According to MarketBeat, Bain Capital Specialty Finance currently has an average rating of “Hold” and a consensus target price of $12.40.

Bain Capital Specialty Finance Stock Down 0.4%

Shares of NYSE BCSF opened at $11.19 on Wednesday. The firm’s 50-day moving average price is $10.96 and its 200-day moving average price is $12.37. The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $725.88 million, a price-to-earnings ratio of 11.66 and a beta of 0.59. Bain Capital Specialty Finance has a 12-month low of $9.99 and a 12-month high of $14.70.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Monday, November 9th. The company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $39.71 million during the quarter, compared to analyst estimates of $61.03 million. Bain Capital Specialty Finance had a return on equity of 10.33% and a net margin of 24.14%. On average, equities research analysts anticipate that Bain Capital Specialty Finance will post 1.64 EPS for the current fiscal year.

Institutional Trading of Bain Capital Specialty Finance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Heritage Trust Co grew its stake in shares of Bain Capital Specialty Finance by 3.3% during the third quarter. Heritage Trust Co now owns 94,371 shares of the company’s stock valued at $1,042,000 after buying an additional 3,046 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Bain Capital Specialty Finance by 3.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 802,406 shares of the company’s stock worth $8,859,000 after acquiring an additional 23,374 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Bain Capital Specialty Finance by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 625,236 shares of the company’s stock worth $6,903,000 after acquiring an additional 7,414 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Bain Capital Specialty Finance by 257.6% during the 3rd quarter. International Assets Investment Management LLC now owns 100,000 shares of the company’s stock worth $1,104,000 after acquiring an additional 72,036 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in Bain Capital Specialty Finance during the 3rd quarter valued at $132,000.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc. is a business development company that provides financing to middle-market businesses. Its investment portfolio focuses primarily on debt, including first-lien senior secured and unitranche loans, and may also include other debt securities and equity investments. The company works with businesses across a range of industries, primarily in the United States, and may invest in companies in other countries. Bain Capital Specialty Finance is externally managed by Bain Capital Credit, an investment manager affiliated with Bain Capital.