Bain Capital Specialty Finance (NYSE:BCSF) Downgraded by Zacks Investment Research to “Sell”

Bain Capital Specialty Finance (NYSE:BCSF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Bain Capital Specialty Finance Inc. is a business development company. It focuses on investment in middle-market companies. Bain Capital Specialty Finance Inc. is based in Boston, United States. “

Separately, JMP Securities initiated coverage on Bain Capital Specialty Finance in a research note on Wednesday, April 24th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $20.25.

Bain Capital Specialty Finance stock traded up $0.05 during midday trading on Tuesday, hitting $17.99. The company’s stock had a trading volume of 105,044 shares, compared to its average volume of 156,109. The business’s 50-day simple moving average is $18.46. Bain Capital Specialty Finance has a 12 month low of $15.14 and a 12 month high of $20.90. The firm has a market capitalization of $940.86 million and a P/E ratio of 12.41.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The company had revenue of $39.89 million for the quarter, compared to analyst estimates of $41.83 million. Bain Capital Specialty Finance had a return on equity of 7.23% and a net margin of 44.85%. As a group, equities research analysts anticipate that Bain Capital Specialty Finance will post 1.68 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Starr International Co. Inc. bought a new stake in shares of Bain Capital Specialty Finance in the 1st quarter valued at approximately $13,303,000. C.V. Starr & Co. Inc. Trust bought a new stake in shares of Bain Capital Specialty Finance in the 1st quarter valued at approximately $6,651,000. Bank of Montreal Can bought a new stake in shares of Bain Capital Specialty Finance in the 1st quarter valued at approximately $1,544,000. Chicago Capital LLC bought a new stake in shares of Bain Capital Specialty Finance in the 2nd quarter valued at approximately $647,000. Finally, Stephens Inc. AR bought a new stake in shares of Bain Capital Specialty Finance in the 1st quarter valued at approximately $444,000. 9.52% of the stock is currently owned by institutional investors.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc operates as a business development company (BDC) 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.

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