Bain Capital Specialty Finance (NYSE:BCSF) Stock Rating Lowered by Zacks Research

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

BCSF has been the subject of several other reports. Jefferies Financial Group set a $13.00 target price on shares of Bain Capital Specialty Finance in a report on Monday. Keefe, Bruyette & Woods lowered shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $15.00 to $13.00 in a research report on Monday. Capital One Financial set a $13.00 price objective on shares of Bain Capital Specialty Finance in a research note on Monday. Finally, Wells Fargo & Company cut their price objective on Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $12.75.

Bain Capital Specialty Finance Stock Up 0.1%

BCSF opened at $12.09 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 7.20 and a current ratio of 7.20. The company has a market cap of $784.15 million, a price-to-earnings ratio of 12.21 and a beta of 0.58. Bain Capital Specialty Finance has a one year low of $11.82 and a one year high of $15.84. The business’s fifty day moving average is $12.58 and its two-hundred day moving average is $12.86.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings results 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 return on equity of 10.40% and a net margin of 24.22%.The business had revenue of $47.80 million during the quarter, compared to analysts’ expectations of $64.44 million. Analysts anticipate that Bain Capital Specialty Finance will post 1.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Bain Capital Specialty Finance

A number of institutional investors have recently modified their holdings of the company. UBS Group AG grew its stake in Bain Capital Specialty Finance by 7.7% in the 4th quarter. UBS Group AG now owns 1,607,210 shares of the company’s stock worth $22,356,000 after acquiring an additional 114,883 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Bain Capital Specialty Finance by 5.1% during the fourth quarter. Van ECK Associates Corp now owns 1,373,363 shares of the company’s stock worth $19,104,000 after purchasing an additional 67,132 shares during the last quarter. Melia Wealth LLC boosted its holdings in shares of Bain Capital Specialty Finance by 1.0% during the fourth quarter. Melia Wealth LLC now owns 1,134,211 shares of the company’s stock worth $15,777,000 after purchasing an additional 10,982 shares during the last quarter. North Ground Capital grew its position in shares of Bain Capital Specialty Finance by 258.0% in the fourth quarter. North Ground Capital now owns 626,514 shares of the company’s stock valued at $8,715,000 after purchasing an additional 451,514 shares during the period. Finally, Millennium Management LLC increased its stake in Bain Capital Specialty Finance by 263.5% in the third quarter. Millennium Management LLC now owns 511,115 shares of the company’s stock valued at $7,283,000 after purchasing an additional 370,507 shares during the last quarter.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.