Bain Capital Specialty Finance (BCSF) Upgraded at Zacks Investment Research

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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 report released on Wednesday, 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 shares of Bain Capital Specialty Finance in a report on Wednesday, April 24th. They set 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’s stock. The company currently has a consensus rating of Buy and a consensus price target of $20.25.

Shares of BCSF opened at $18.90 on Wednesday. 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 announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $39.89 million for the quarter, compared to the consensus estimate of $41.83 million. As a group, sell-side analysts expect that Bain Capital Specialty Finance will post 1.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued 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 yield of 8.68%. Bain Capital Specialty Finance’s payout ratio is 113.10%.

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