Bain Capital Specialty Finance (NYSE:BCSF) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Bain Capital Specialty Finance (NYSE:BCSF) from a sell rating to a hold rating in a research report released on Tuesday morning, 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 began coverage on shares of Bain Capital Specialty Finance in a research note on Wednesday, April 24th. They set a market perform rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $20.25.

Shares of Bain Capital Specialty Finance stock opened at $18.46 on Tuesday. The stock has a market cap of $956.56 million and a price-to-earnings ratio of 12.73. Bain Capital Specialty Finance has a 1-year low of $15.14 and a 1-year high of $20.90.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings data 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). The firm had revenue of $39.89 million for the quarter, compared to the consensus estimate of $41.83 million. Bain Capital Specialty Finance had a return on equity of 7.23% and a net margin of 44.85%. On average, sell-side analysts predict that Bain Capital Specialty Finance will post 1.73 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 8.88%. Bain Capital Specialty Finance’s payout ratio is 113.10%.

Several hedge funds have recently made changes to their positions in the company. Great West Life Assurance Co. Can bought a new position in shares of Bain Capital Specialty Finance in the 1st quarter valued at about $46,000. Wells Fargo & Company MN acquired a new position in shares of Bain Capital Specialty Finance in the 1st quarter valued at approximately $131,000. Virtu Financial LLC acquired a new position in shares of Bain Capital Specialty Finance in the 1st quarter valued at approximately $198,000. Stifel Financial Corp acquired a new position in shares of Bain Capital Specialty Finance in the 4th quarter valued at approximately $224,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Bain Capital Specialty Finance in the 4th quarter valued at approximately $234,000. Institutional investors own 9.41% 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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