Bain Capital Specialty Finance (NYSE:BCSF) Upgraded to Hold at Zacks Investment Research

Bain Capital Specialty Finance (NYSE:BCSF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report 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 assumed coverage on Bain Capital Specialty Finance in a research report on Wednesday, April 24th. They set a “market perform” rating for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Bain Capital Specialty Finance has an average rating of “Buy” and a consensus price target of $20.25.

BCSF traded down $0.12 on Thursday, hitting $17.93. The company had a trading volume of 162,316 shares, compared to its average volume of 158,025. The firm has a market cap of $932.28 million and a P/E ratio of 12.37. Bain Capital Specialty Finance has a 12-month low of $15.14 and a 12-month high of $20.90. The company’s fifty day moving average is $18.66.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) 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 expect that Bain Capital Specialty Finance will post 1.68 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of BCSF. Starr International Co. Inc. bought a new stake in shares of Bain Capital Specialty Finance during the first quarter valued at approximately $13,303,000. C.V. Starr & Co. Inc. Trust bought a new stake in shares of Bain Capital Specialty Finance during the first quarter valued at approximately $6,651,000. Bank of Montreal Can bought a new stake in shares of Bain Capital Specialty Finance during the first quarter valued at approximately $1,544,000. Chicago Capital LLC bought a new stake in shares of Bain Capital Specialty Finance during the second quarter valued at approximately $647,000. Finally, Stephens Inc. AR bought a new stake in shares of Bain Capital Specialty Finance during the first quarter valued at approximately $444,000. 9.41% of the stock is owned by hedge funds and other institutional investors.

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.

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