Bain Capital Specialty Finance (NYSE:BCSF) Given New $17.00 Price Target at Wells Fargo & Company

Bain Capital Specialty Finance (NYSE:BCSF) had its price target dropped by stock analysts at Wells Fargo & Company from $18.00 to $17.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 10.32% from the company’s previous close.

Separately, Keefe, Bruyette & Woods lifted their target price on shares of Bain Capital Specialty Finance from $16.50 to $17.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd.

Bain Capital Specialty Finance Stock Down 0.8 %

Shares of BCSF traded down $0.12 during mid-day trading on Thursday, reaching $15.41. The company’s stock had a trading volume of 211,667 shares, compared to its average volume of 261,968. Bain Capital Specialty Finance has a 1 year low of $14.60 and a 1 year high of $17.08. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.19. The company has a market cap of $994.90 million, a price-to-earnings ratio of 7.70 and a beta of 1.12. The business has a fifty day moving average of $16.47 and a 200 day moving average of $16.05.

Bain Capital Specialty Finance (NYSE:BCSF) last released its earnings results on Tuesday, August 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. The business had revenue of $72.27 million during the quarter. Bain Capital Specialty Finance had a net margin of 43.42% and a return on equity of 12.64%. During the same quarter in the previous year, the business posted $0.60 EPS. As a group, analysts forecast that Bain Capital Specialty Finance will post 1.99 earnings per share for the current fiscal year.

Institutional Trading of Bain Capital Specialty Finance

A number of institutional investors and hedge funds have recently made changes to their positions in BCSF. BOKF NA bought a new position in Bain Capital Specialty Finance in the 2nd quarter valued at approximately $159,000. Norden Group LLC increased its position in Bain Capital Specialty Finance by 10.9% in the 2nd quarter. Norden Group LLC now owns 16,153 shares of the company’s stock valued at $263,000 after acquiring an additional 1,593 shares during the period. Gries Financial LLC increased its position in shares of Bain Capital Specialty Finance by 19.3% during the second quarter. Gries Financial LLC now owns 171,158 shares of the company’s stock worth $2,792,000 after buying an additional 27,649 shares during the period. First National Trust Co acquired a new stake in shares of Bain Capital Specialty Finance during the second quarter worth $516,000. Finally, Graypoint LLC increased its position in shares of Bain Capital Specialty Finance by 2.1% during the second quarter. Graypoint LLC now owns 102,732 shares of the company’s stock worth $1,676,000 after buying an additional 2,093 shares during the period.

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.