Bain Capital Specialty Finance (BCSF) Stock Rating Lowered by Zacks Investment Research

Bain Capital Specialty Finance (NYSE:BCSF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “Bain Capital Specialty Finance Inc. is a business development company. It focuses on investment in middle-market companies. Bain Capital Specialty Finance Inc. is based in Boston, United States. “

Separately, JMP Securities assumed coverage on Bain Capital Specialty Finance in a report on Wednesday, April 24th. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Bain Capital Specialty Finance presently has a consensus rating of “Hold” and an average price target of $20.25.

NYSE:BCSF opened at $18.98 on Thursday. Bain Capital Specialty Finance has a fifty-two week low of $15.14 and a fifty-two week high of $20.90. The stock has a market cap of $970.50 million and a price-to-earnings ratio of 13.09.

Bain Capital Specialty Finance (NYSE:BCSF) last released its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Bain Capital Specialty Finance had a net margin of 44.85% and a return on equity of 7.23%. The business had revenue of $39.89 million for the quarter, compared to analysts’ expectations of $41.83 million. As a group, equities research analysts forecast that Bain Capital Specialty Finance will post 1.73 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can acquired a new stake in shares of Bain Capital Specialty Finance during the 1st quarter valued at about $46,000. Wells Fargo & Company MN acquired a new stake in shares of Bain Capital Specialty Finance during the 1st quarter valued at about $131,000. Virtu Financial LLC acquired a new stake in shares of Bain Capital Specialty Finance during the 1st quarter valued at about $198,000. Stifel Financial Corp acquired a new stake in shares of Bain Capital Specialty Finance during the 4th quarter valued at about $224,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Bain Capital Specialty Finance during the 4th quarter valued at about $234,000. Institutional investors and hedge funds own 10.64% 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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