Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Bain Capital Specialty Finance (NYSE:BCSF) Stock

Bain Capital Specialty Finance (NYSE:BCSF) had its target price increased by Keefe, Bruyette & Woods from $17.00 to $18.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a market perform rating on the stock.

Separately, Wells Fargo & Company raised their price objective on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday.

Bain Capital Specialty Finance Stock Down 2.1 %

Shares of NYSE:BCSF opened at $17.28 on Tuesday. The stock has a market cap of $1.12 billion, a P/E ratio of 8.68 and a beta of 1.10. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. Bain Capital Specialty Finance has a 1-year low of $15.29 and a 1-year high of $19.21. The firm has a fifty day moving average price of $17.90 and a 200 day moving average price of $17.23.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $73.30 million during the quarter, compared to the consensus estimate of $67.50 million. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. Sell-side analysts predict that Bain Capital Specialty Finance will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.69%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 90.81%.

Institutional Investors Weigh In On Bain Capital Specialty Finance

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mascoma Wealth Management LLC purchased a new stake in Bain Capital Specialty Finance during the fourth quarter worth approximately $29,000. Aquatic Capital Management LLC purchased a new stake in Bain Capital Specialty Finance during the fourth quarter worth approximately $67,000. Quantbot Technologies LP purchased a new stake in Bain Capital Specialty Finance during the third quarter worth approximately $136,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Bain Capital Specialty Finance during the fourth quarter worth approximately $151,000. Finally, Lazard Asset Management LLC grew its stake in Bain Capital Specialty Finance by 14.5% during the fourth quarter. Lazard Asset Management LLC now owns 9,361 shares of the company’s stock worth $164,000 after buying an additional 1,189 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.