Keefe, Bruyette & Woods Lowers Bain Capital Specialty Finance (NYSE:BCSF) Price Target to $17.00

Bain Capital Specialty Finance (NYSE:BCSF - Free Report) had its target price trimmed by Keefe, Bruyette & Woods from $18.00 to $17.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Separately, Wells Fargo & Company boosted their price objective on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd.

Bain Capital Specialty Finance Stock Performance

Bain Capital Specialty Finance stock traded down $0.03 during midday trading on Tuesday, reaching $14.23. The stock had a trading volume of 442,663 shares, compared to its average volume of 250,482. The firm has a market capitalization of $919.15 million, a PE ratio of 7.15 and a beta of 0.79. Bain Capital Specialty Finance has a 12 month low of $13.20 and a 12 month high of $19.21. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. The firm's 50-day moving average price is $17.05 and its 200 day moving average price is $17.08.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating 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 company had revenue of $73.30 million for the quarter, compared to analyst estimates of $67.50 million. As a group, research analysts predict that Bain Capital Specialty Finance will post 2.06 earnings per share for the current fiscal year.

Bain Capital Specialty Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, December 16th. Bain Capital Specialty Finance's payout ratio is 90.81%.

Insider Transactions at Bain Capital Specialty Finance

In other Bain Capital Specialty Finance news, Director Clare Stack Richer bought 1,530 shares of Bain Capital Specialty Finance stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $16.43 per share, for a total transaction of $25,137.90. Following the completion of the transaction, the director now directly owns 20,835 shares in the company, valued at $342,319.05. This represents a 7.93 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.59% of the company's stock.

Institutional Trading of Bain Capital Specialty Finance

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE raised its stake in Bain Capital Specialty Finance by 3.0% in the fourth quarter. Bank of America Corp DE now owns 4,539,555 shares of the company's stock valued at $79,533,000 after purchasing an additional 133,753 shares in the last quarter. Cresset Asset Management LLC bought a new position in shares of Bain Capital Specialty Finance in the 4th quarter worth $25,006,000. Van ECK Associates Corp raised its position in shares of Bain Capital Specialty Finance by 13.8% during the 4th quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company's stock valued at $19,070,000 after buying an additional 131,860 shares in the last quarter. Melia Wealth LLC lifted its holdings in shares of Bain Capital Specialty Finance by 2.8% during the 4th quarter. Melia Wealth LLC now owns 919,379 shares of the company's stock worth $16,108,000 after acquiring an additional 25,185 shares during the last quarter. Finally, Starr Indemnity & Liability Co purchased a new position in Bain Capital Specialty Finance in the fourth quarter worth $10,477,000.

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.