Bain Capital Specialty Finance (NYSE:BCSF) Downgraded to “Neutral” at Bank of America

Bank of America downgraded shares of Bain Capital Specialty Finance (NYSE:BCSF) from a buy rating to a neutral rating in a report released on Monday morning, BenzingaRatingsTable reports. Bank of America currently has $12.00 price objective on the stock.

Several other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Bain Capital Specialty Finance from a sell rating to a hold rating in a research report on Tuesday, May 26th. Janney Montgomery Scott downgraded shares of Bain Capital Specialty Finance from a buy rating to a neutral rating and set a $9.00 price target on the stock. in a report on Wednesday, April 1st. Citigroup lowered their price target on shares of Bain Capital Specialty Finance from $20.00 to $7.50 and set a neutral rating on the stock in a report on Tuesday, April 7th. ValuEngine cut shares of Bain Capital Specialty Finance from a hold rating to a sell rating in a research report on Thursday, April 2nd. Finally, Wells Fargo & Co reduced 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 research report on Wednesday, March 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $12.00.

BCSF stock opened at $10.98 on Monday. Bain Capital Specialty Finance has a 12 month low of $7.11 and a 12 month high of $20.35. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.85. The company has a 50-day moving average price of $11.07 and a 200 day moving average price of $14.61. The stock has a market cap of $567.11 million, a PE ratio of 6.57 and a beta of 1.60.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a 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%.

A number of hedge funds have recently made changes to their positions in BCSF. Bain Capital Credit LP purchased a new position in Bain Capital Specialty Finance during the first quarter worth about $80,614,000. Employees Retirement System of Texas boosted its stake in Bain Capital Specialty Finance by 27.0% during the first quarter. Employees Retirement System of Texas now owns 4,113,167 shares of the company’s stock worth $38,129,000 after buying an additional 875,460 shares during the period. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Bain Capital Specialty Finance during the first quarter worth about $3,322,000. Bank of America Corp DE boosted its stake in Bain Capital Specialty Finance by 47.5% during the fourth quarter. Bank of America Corp DE now owns 784,788 shares of the company’s stock worth $15,507,000 after buying an additional 252,902 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in Bain Capital Specialty Finance by 52.0% during the first quarter. Two Sigma Advisers LP now owns 401,100 shares of the company’s stock worth $3,718,000 after buying an additional 137,200 shares during the period. 52.17% of the stock is owned by institutional investors.

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.

Featured Article: Candlestick

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.