Bain Capital Specialty Finance (NYSE:BCSF) Cut to Neutral at BofA Securities

BofA Securities downgraded shares of Bain Capital Specialty Finance (NYSE:BCSF) from a buy rating to a neutral rating in a research report sent to investors on Monday, Briefing.com Automated Import reports.

Other analysts also recently issued research reports about the stock. Bank of America downgraded shares of Bain Capital Specialty Finance from a buy rating to a neutral rating and set a $12.00 price objective for the company. in a report on Monday. Citigroup cut their price objective on shares of Bain Capital Specialty Finance from $20.00 to $7.50 and set a neutral rating for the company in a report on Tuesday, April 7th. BCS downgraded shares of Bain Capital Specialty Finance from a buy rating to a neutral rating and set a $12.00 price objective for the company. in a report on Monday. Wells Fargo & Co cut their price objective on shares of Bain Capital Specialty Finance from $18.50 to $9.50 and set an underweight rating for the company in a report on Wednesday, March 25th. Finally, ValuEngine downgraded shares of Bain Capital Specialty Finance from a hold rating to a sell rating in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Bain Capital Specialty Finance currently has an average rating of Hold and an average price target of $12.00.

Shares of BCSF stock opened at $10.98 on Monday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 2.11 and a current ratio of 2.11. The company has a market capitalization of $572.28 million, a price-to-earnings ratio of -12.34 and a beta of 1.60. Bain Capital Specialty Finance has a 52 week low of $7.11 and a 52 week high of $20.35. The company has a 50-day simple moving average of $11.07 and a 200 day simple moving average of $14.61.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. The firm had revenue of $51.50 million during the quarter, compared to the consensus estimate of $54.41 million. Bain Capital Specialty Finance had a negative net margin of 21.80% and a positive return on equity of 8.72%. Sell-side analysts forecast that Bain Capital Specialty Finance will post 1.47 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 14.94%. The ex-dividend date of this dividend is Monday, June 29th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 100.00%.

Hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP increased its position in Bain Capital Specialty Finance by 52.0% during the 1st quarter. Two Sigma Advisers LP now owns 401,100 shares of the company’s stock worth $3,718,000 after purchasing an additional 137,200 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Bain Capital Specialty Finance during the 1st quarter worth approximately $370,000. Commonwealth Equity Services LLC acquired a new position in Bain Capital Specialty Finance during the 1st quarter worth approximately $175,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Bain Capital Specialty Finance during the 1st quarter worth approximately $3,322,000. Finally, Acadian Asset Management LLC acquired a new position in Bain Capital Specialty Finance during the 1st quarter worth approximately $89,000. Institutional investors and hedge funds own 52.17% 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: Margin

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

Receive News & Ratings for Bain Capital Specialty Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bain Capital Specialty Finance and related companies with MarketBeat.com's FREE daily email newsletter.