Wells Fargo & Company Cuts Bain Capital Specialty Finance (NYSE:BCSF) Price Target to $12.00

Bain Capital Specialty Finance (NYSE:BCSF) had its price objective lowered by Wells Fargo & Company from $13.00 to $12.00 in a report published on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Bain Capital Specialty Finance Price Performance

BCSF opened at $12.53 on Wednesday. The stock’s 50 day simple moving average is $12.62 and its 200 day simple moving average is $12.89. Bain Capital Specialty Finance has a 1 year low of $11.82 and a 1 year high of $15.84. The company has a debt-to-equity ratio of 1.39, a current ratio of 7.20 and a quick ratio of 2.17. The firm has a market cap of $812.81 million, a price-to-earnings ratio of 12.66 and a beta of 0.58.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Monday, August 10th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $47.80 million during the quarter, compared to analysts’ expectations of $64.44 million. Bain Capital Specialty Finance had a return on equity of 10.40% and a net margin of 24.22%. As a group, analysts predict that Bain Capital Specialty Finance will post 1.67 earnings per share for the current year.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Bain Capital Specialty Finance’s dividend payout ratio is presently 169.70%.

Institutional Trading of Bain Capital Specialty Finance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Motiv8 Investments LLC purchased a new position in Bain Capital Specialty Finance during the fourth quarter valued at $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Bain Capital Specialty Finance in the fourth quarter worth about $42,000. BNP Paribas Financial Markets increased its stake in Bain Capital Specialty Finance by 352.1% during the third quarter. BNP Paribas Financial Markets now owns 4,069 shares of the company’s stock worth $58,000 after acquiring an additional 3,169 shares during the last quarter. Quantbot Technologies LP bought a new stake in Bain Capital Specialty Finance during the second quarter worth approximately $121,000. Finally, Prairiewood Capital LLC purchased a new stake in Bain Capital Specialty Finance during the first quarter valued at approximately $126,000.

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.