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

Bain Capital Specialty Finance (NYSE:BCSF) had its price objective hoisted by Wells Fargo & Company from $17.00 to $18.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Bain Capital Specialty Finance Price Performance

Shares of NYSE BCSF opened at $17.84 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $1.15 billion, a PE ratio of 8.97 and a beta of 1.10. The stock has a fifty day moving average price of $17.29 and a 200 day moving average price of $16.88. Bain Capital Specialty Finance has a 1-year low of $14.77 and a 1-year high of $18.17.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its earnings results on Tuesday, November 5th. The company reported $0.53 earnings per share 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 in the previous year, the firm earned $0.55 EPS. Sell-side analysts forecast that Bain Capital Specialty Finance will post 2.06 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Quarry LP grew its stake in shares of Bain Capital Specialty Finance by 74.2% during the 2nd quarter. Quarry LP now owns 2,976 shares of the company’s stock worth $49,000 after purchasing an additional 1,268 shares during the period. Quantbot Technologies LP purchased a new stake in Bain Capital Specialty Finance during the third quarter worth about $136,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Bain Capital Specialty Finance during the fourth quarter worth about $151,000. Farther Finance Advisors LLC purchased a new position in Bain Capital Specialty Finance in the third quarter valued at about $182,000. Finally, Centiva Capital LP acquired a new stake in shares of Bain Capital Specialty Finance during the 3rd quarter valued at approximately $199,000.

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.