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

Bain Capital Specialty Finance (NYSE:BCSF) had its target price hoisted by Keefe, Bruyette & Woods from $16.50 to $17.00 in a report issued on Thursday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Separately, Wells Fargo & Company raised their price objective on shares of Bain Capital Specialty Finance from $15.00 to $16.00 and gave the company an equal weight rating in a research report on Wednesday, May 8th.

Bain Capital Specialty Finance Stock Up 0.9 %

Bain Capital Specialty Finance stock opened at $16.17 on Thursday. The stock has a 50 day moving average of $16.08 and a two-hundred day moving average of $15.59. Bain Capital Specialty Finance has a twelve month low of $12.13 and a twelve month high of $16.94. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 8.09 and a beta of 1.11. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.19.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $74.95 million for the quarter. Bain Capital Specialty Finance had a net margin of 43.42% and a return on equity of 12.64%. As a group, research analysts expect that Bain Capital Specialty Finance will post 1.99 earnings per share for the current year.

Bain Capital Specialty Finance Dividend Announcement

The business also recently declared a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 10.1%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 84.00%.

Institutional Trading of Bain Capital Specialty Finance

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Melia Wealth LLC acquired a new position in Bain Capital Specialty Finance during the fourth quarter worth about $14,327,000. International Assets Investment Management LLC increased its stake in Bain Capital Specialty Finance by 1,549.3% in the 4th quarter. International Assets Investment Management LLC now owns 476,920 shares of the company’s stock valued at $7,187,000 after purchasing an additional 448,003 shares in the last quarter. Confluence Investment Management LLC purchased a new position in Bain Capital Specialty Finance in the 1st quarter valued at approximately $1,840,000. Van ECK Associates Corp raised its holdings in Bain Capital Specialty Finance by 13.4% during the first quarter. Van ECK Associates Corp now owns 886,423 shares of the company’s stock worth $13,899,000 after purchasing an additional 104,422 shares during the last quarter. Finally, Pathstone Family Office LLC boosted its position in Bain Capital Specialty Finance by 109.6% during the third quarter. Pathstone Family Office LLC now owns 191,243 shares of the company’s stock worth $2,928,000 after purchasing an additional 100,006 shares in the last quarter.

About Bain Capital Specialty Finance

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.