Bain Capital Specialty Finance (NYSE:BCSF) Given New $18.00 Price Target at Wells Fargo & Company

Bain Capital Specialty Finance (NYSE:BCSF) had its target price boosted by Wells Fargo & Company from $17.00 to $18.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an overweight rating on the stock.

Separately, Keefe, Bruyette & Woods raised their price objective on 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 Performance

NYSE BCSF opened at $16.79 on Friday. The business’s 50-day moving average price is $16.51 and its 200 day moving average price is $15.99. Bain Capital Specialty Finance has a twelve month low of $14.47 and a twelve month high of $16.94. The company has a market capitalization of $1.08 billion, a PE ratio of 8.39 and a beta of 1.12. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.19.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Monday, May 6th. The company reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. The company had revenue of $74.50 million for the quarter. Bain Capital Specialty Finance had a return on equity of 12.64% and a net margin of 43.42%. On average, research analysts predict that Bain Capital Specialty Finance will post 1.99 earnings per share for the current year.

Bain Capital Specialty Finance Dividend Announcement

The business also recently announced a — dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 10.1%. Bain Capital Specialty Finance’s payout ratio is currently 84.00%.

Institutional Investors Weigh In On Bain Capital Specialty Finance

Several hedge funds have recently modified their holdings of the stock. Meridian Investment Counsel Inc. raised its holdings in shares of Bain Capital Specialty Finance by 5.9% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 41,401 shares of the company’s stock valued at $675,000 after buying an additional 2,325 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Bain Capital Specialty Finance by 10.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 422,074 shares of the company’s stock valued at $6,884,000 after buying an additional 40,898 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Bain Capital Specialty Finance by 33.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 317,318 shares of the company’s stock valued at $5,175,000 after buying an additional 80,192 shares during the period. Redhawk Wealth Advisors Inc. raised its holdings in shares of Bain Capital Specialty Finance by 8.8% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 71,790 shares of the company’s stock valued at $1,171,000 after buying an additional 5,800 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Bain Capital Specialty Finance during the 2nd quarter valued at about $333,000.

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.