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

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

Shares of NYSE BCSF traded up $0.16 during mid-day trading on Thursday, hitting $18.09. The company had a trading volume of 783 shares, compared to its average volume of 200,977. The firm has a market capitalization of $926.08 million and a P/E ratio of 12.51. Bain Capital Specialty Finance has a 1 year low of $15.14 and a 1 year high of $20.90. The business’s 50-day simple moving average is $18.64.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly 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). The company had revenue of $39.89 million during the quarter, compared to analysts’ expectations of $41.83 million. Bain Capital Specialty Finance had a net margin of 44.85% and a return on equity of 7.23%. Sell-side analysts forecast that Bain Capital Specialty Finance will post 1.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 9.07%. The ex-dividend date is Thursday, June 27th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 113.10%.

Several hedge funds and other institutional investors have recently made changes to their positions in BCSF. Virtu Financial LLC bought a new stake in Bain Capital Specialty Finance during the first quarter valued at $198,000. Stifel Financial Corp bought a new stake in Bain Capital Specialty Finance during the fourth quarter worth about $224,000. Bank of New York Mellon Corp bought a new stake in Bain Capital Specialty Finance during the fourth quarter worth about $234,000. Northern Trust Corp bought a new stake in Bain Capital Specialty Finance during the fourth quarter worth about $370,000. Finally, Boston Private Wealth LLC bought a new stake in Bain Capital Specialty Finance during the second quarter worth about $393,000. Institutional investors own 9.41% of the company’s stock.

About Bain Capital Specialty Finance

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.

Read More: What does an outperform rating mean?

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Analyst Recommendations for Bain Capital Specialty Finance (NYSE:BCSF)

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