Bain Capital Specialty Finance (NYSE:BCSF) Cut to “Neutral” at BofA Securities

Bain Capital Specialty Finance (NYSE:BCSF) was downgraded by equities researchers at BofA Securities from a “buy” rating to a “neutral” rating in a research report issued on Monday, Briefing.com Automated Import reports.

A number of other brokerages also recently commented on BCSF. ValuEngine downgraded Bain Capital Specialty Finance from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Citigroup lowered their price objective on 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. Bank of America downgraded Bain Capital Specialty Finance from a “buy” rating to a “neutral” rating and set a $12.00 price objective for the company. in a research report on Monday. Credit Suisse Group lowered their price objective on 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. Finally, BCS cut Bain Capital Specialty Finance from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $12.00.

NYSE BCSF opened at $11.08 on Monday. Bain Capital Specialty Finance has a 1-year low of $7.11 and a 1-year high of $20.35. The company has a market cap of $590.87 million, a P/E ratio of -12.45 and a beta of 1.59. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.11 and a quick ratio of 2.11. The stock has a 50-day moving average of $11.05 and a two-hundred day moving average of $14.70.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. Bain Capital Specialty Finance had a positive return on equity of 8.72% and a negative net margin of 21.80%. The business had revenue of $51.50 million during the quarter, compared to the consensus estimate of $54.41 million. On average, analysts anticipate that Bain Capital Specialty Finance will post 1.48 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of BCSF. Bain Capital Credit LP purchased a new stake in Bain Capital Specialty Finance in the first quarter valued at approximately $80,614,000. Employees Retirement System of Texas lifted its stake in Bain Capital Specialty Finance by 27.0% in the first quarter. Employees Retirement System of Texas now owns 4,113,167 shares of the company’s stock valued at $38,129,000 after buying an additional 875,460 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Bain Capital Specialty Finance in the first quarter valued at approximately $3,322,000. Bank of America Corp DE lifted its stake in Bain Capital Specialty Finance by 47.5% in the fourth quarter. Bank of America Corp DE now owns 784,788 shares of the company’s stock valued at $15,507,000 after buying an additional 252,902 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in Bain Capital Specialty Finance by 52.0% in the first quarter. Two Sigma Advisers LP now owns 401,100 shares of the company’s stock valued at $3,718,000 after buying an additional 137,200 shares during the last quarter. Institutional investors own 52.17% of the company’s stock.

Bain Capital Specialty Finance Company Profile

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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Analyst Recommendations for Bain Capital Specialty Finance (NYSE:BCSF)

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