Bain Capital Specialty Finance (NYSE:BCSF) Upgraded at Zacks Research

Bain Capital Specialty Finance (NYSE:BCSF) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

A number of other research firms have also recently commented on BCSF. Loop Capital set a $12.50 price target on shares of Bain Capital Specialty Finance in a research note on Friday, September 18th. Wells Fargo & Company cut their price target on shares of Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 12th. Keefe, Bruyette & Woods lowered shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $15.00 to $13.00 in a research report on Monday, August 17th. Jefferies Financial Group set a $13.00 price objective on shares of Bain Capital Specialty Finance in a research note on Monday, August 17th. Finally, Noble Financial began coverage on shares of Bain Capital Specialty Finance in a research note on Friday, September 18th. They issued a “neutral” rating for the company. Four research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.60.

Bain Capital Specialty Finance Stock Down 1.6%

NYSE BCSF opened at $10.45 on Tuesday. The company has a quick ratio of 7.20, a current ratio of 7.20 and a debt-to-equity ratio of 1.39. The company has a fifty day moving average of $11.60 and a two-hundred day moving average of $12.43. The firm has a market capitalization of $678.14 million, a price-to-earnings ratio of 10.56 and a beta of 0.60. Bain Capital Specialty Finance has a 52 week low of $10.43 and a 52 week high of $14.70.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Bain Capital Specialty Finance had a net margin of 24.22% and a return on equity of 10.40%. The business had revenue of $47.80 million for the quarter, compared to analysts’ expectations of $64.44 million. On average, analysts predict that Bain Capital Specialty Finance will post 1.64 earnings per share for the current year.

Institutional Trading of Bain Capital Specialty Finance

Hedge funds and other institutional investors have recently bought and sold shares of the business. Columbus Macro LLC lifted its position in shares of Bain Capital Specialty Finance by 42.2% during the third quarter. Columbus Macro LLC now owns 641,723 shares of the company’s stock worth $7,085,000 after purchasing an additional 190,414 shares during the last quarter. Spartan Wealth Advisory Services LLC purchased a new stake in shares of Bain Capital Specialty Finance during the first quarter valued at $598,000. Alpine Global Management LLC boosted its stake in shares of Bain Capital Specialty Finance by 232.2% during the fourth quarter. Alpine Global Management LLC now owns 307,641 shares of the company’s stock valued at $4,279,000 after purchasing an additional 215,031 shares during the period. Lido Advisors LLC grew its holdings in shares of Bain Capital Specialty Finance by 5.5% in the first quarter. Lido Advisors LLC now owns 54,238 shares of the company’s stock worth $673,000 after purchasing an additional 2,813 shares during the last quarter. Finally, Independent Financial Group LLC bought a new position in shares of Bain Capital Specialty Finance in the first quarter worth about $415,000.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that invests primarily in privately originated senior secured debt of middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in businesses across a range of industries.

BCSF’s portfolio generally includes first-lien and second-lien loans, unitranche debt and other credit investments. It may also make equity investments, including warrants and preferred or common equity, in connection with its lending activities.