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 lifted by research analysts at Wells Fargo & Company from $17.00 to $18.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential downside of 0.14% from the company’s previous close.

Bain Capital Specialty Finance Stock Performance

Shares of Bain Capital Specialty Finance stock traded down $0.01 on Wednesday, reaching $18.03. 29,160 shares of the stock were exchanged, compared to its average volume of 189,714. The business has a 50 day moving average price of $17.27 and a two-hundred day moving average price of $16.87. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 9.06 and a beta of 1.10. Bain Capital Specialty Finance has a twelve month low of $14.77 and a twelve month high of $18.17. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.50 by $0.03. The business had revenue of $72.54 million for the quarter. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. During the same period last year, the company earned $0.55 earnings per share. Analysts anticipate that Bain Capital Specialty Finance will post 2.06 earnings per share for the current fiscal year.

Institutional Trading of Bain Capital Specialty Finance

A number of hedge funds have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth approximately $1,135,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Bain Capital Specialty Finance during the fourth quarter worth $151,000. Hager Investment Management Services LLC purchased a new position in Bain Capital Specialty Finance during the fourth quarter valued at $2,530,000. Columbus Macro LLC acquired a new stake in shares of Bain Capital Specialty Finance in the fourth quarter valued at about $5,544,000. Finally, Gries Financial LLC increased its stake in shares of Bain Capital Specialty Finance by 6.8% during the fourth quarter. Gries Financial LLC now owns 200,289 shares of the company’s stock worth $3,509,000 after purchasing an additional 12,810 shares in the last quarter.

Bain Capital Specialty Finance Company Profile

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.