Bain Capital Specialty Finance (NYSE:BCSF) Rating Lowered to Neutral at BCS

Bain Capital Specialty Finance (NYSE:BCSF) was downgraded by equities research analysts at BCS from a “buy” rating to a “neutral” rating in a research report issued on Monday, The Fly reports. They currently have a $12.00 price target on the stock. BCS’s price target would suggest a potential upside of 8.30% from the stock’s current price.

A number of other research firms also recently weighed in on BCSF. Credit Suisse Group dropped their price target on shares of Bain Capital Specialty Finance from $20.50 to $15.50 and set an “outperform” rating for the company in a research report on Monday, May 4th. Zacks Investment Research upgraded shares of Bain Capital Specialty Finance from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Citigroup dropped their price target on shares of Bain Capital Specialty Finance from $20.00 to $7.50 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Wells Fargo & Co dropped their price target on shares of Bain Capital Specialty Finance from $18.50 to $9.50 and set an “underweight” rating for the company in a research report on Wednesday, March 25th. Finally, ValuEngine downgraded shares of Bain Capital Specialty Finance from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Bain Capital Specialty Finance currently has a consensus rating of “Hold” and a consensus price target of $12.00.

Shares of BCSF stock opened at $11.08 on Monday. The firm has a 50 day moving average price of $11.05 and a two-hundred day moving average price of $14.70. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $590.87 million, a PE ratio of -12.45 and a beta of 1.59. Bain Capital Specialty Finance has a 12-month low of $7.11 and a 12-month high of $20.35.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The firm had revenue of $51.50 million during the quarter, compared to the consensus estimate of $54.41 million. Bain Capital Specialty Finance had a negative net margin of 21.80% and a positive return on equity of 8.72%. As a group, research analysts expect that Bain Capital Specialty Finance will post 1.48 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in Bain Capital Specialty Finance by 75.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,650 shares of the company’s stock valued at $92,000 after acquiring an additional 2,000 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter worth $25,413,000. HHM Wealth Advisors LLC bought a new stake in shares of Bain Capital Specialty Finance during the first quarter worth $48,000. Advisor Group Holdings Inc. bought a new stake in shares of Bain Capital Specialty Finance during the first quarter worth $77,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Bain Capital Specialty Finance during the first quarter worth $89,000. 52.17% of the stock is currently owned by institutional investors and hedge funds.

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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