Bain Capital Specialty Finance (NYSE:BCSF) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

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

Separately, Wells Fargo & Company boosted their price objective on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Monday.

Bain Capital Specialty Finance Trading Up 1.6 %

BCSF traded up $0.28 during trading on Tuesday, hitting $17.58. 258,778 shares of the company's stock were exchanged, compared to its average volume of 230,526. The stock has a 50 day moving average price of $17.89 and a 200 day moving average price of $17.23. Bain Capital Specialty Finance has a 1 year low of $15.29 and a 1 year high of $19.21. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. The firm has a market cap of $1.14 billion, a P/E ratio of 8.83 and a beta of 1.10.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $67.50 million. As a group, analysts expect that Bain Capital Specialty Finance will post 2.06 EPS for the current fiscal year.

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Bain Capital Specialty Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, December 16th. Bain Capital Specialty Finance's payout ratio is 90.81%.

Institutional Trading of Bain Capital Specialty Finance

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in Bain Capital Specialty Finance by 3.0% during the 4th quarter. Bank of America Corp DE now owns 4,539,555 shares of the company's stock valued at $79,533,000 after acquiring an additional 133,753 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in shares of Bain Capital Specialty Finance in the 4th quarter valued at about $25,006,000. Van ECK Associates Corp lifted its position in shares of Bain Capital Specialty Finance by 13.8% during the fourth quarter. Van ECK Associates Corp now owns 1,088,471 shares of the company's stock worth $19,070,000 after purchasing an additional 131,860 shares during the last quarter. Melia Wealth LLC grew its stake in Bain Capital Specialty Finance by 2.8% in the fourth quarter. Melia Wealth LLC now owns 919,379 shares of the company's stock worth $16,108,000 after purchasing an additional 25,185 shares in the last quarter. Finally, Starr Indemnity & Liability Co bought a new stake in Bain Capital Specialty Finance in the fourth quarter valued at about $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.