Shares of Bain Capital Specialty Finance Inc (NYSE:BCSF) have earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $20.25.
A number of research analysts recently issued reports on BCSF shares. Zacks Investment Research raised Bain Capital Specialty Finance from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. JMP Securities started coverage on Bain Capital Specialty Finance in a report on Wednesday, April 24th. They set a “market perform” rating on the stock.
Large investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can bought a new position in Bain Capital Specialty Finance in the 1st quarter worth approximately $46,000. Wells Fargo & Company MN acquired a new position in shares of Bain Capital Specialty Finance during the first quarter valued at $131,000. Virtu Financial LLC acquired a new position in shares of Bain Capital Specialty Finance during the first quarter valued at $198,000. Stifel Financial Corp acquired a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at $224,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at $234,000. 10.64% of the stock is currently owned by hedge funds and other institutional investors.
Bain Capital Specialty Finance (NYSE:BCSF) last released its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $39.89 million during the quarter, compared to analysts’ expectations of $41.83 million. As a group, equities analysts predict that Bain Capital Specialty Finance will post 1.73 earnings per share for the current year.
The company also recently announced 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. This represents a $1.64 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date is Thursday, June 27th. Bain Capital Specialty Finance’s payout ratio is currently 113.10%.
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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