Wells Fargo & Company Has Lowered Expectations for Bain Capital Specialty Finance (NYSE:BCSF) Stock Price

Bain Capital Specialty Finance (NYSE:BCSF) had its price objective decreased by stock analysts at Wells Fargo & Company from $13.00 to $12.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 6.80% from the stock’s current price.

Bain Capital Specialty Finance Trading Down 0.6%

NYSE BCSF opened at $12.88 on Wednesday. Bain Capital Specialty Finance has a 1-year low of $11.82 and a 1-year high of $15.84. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.33. The stock has a 50-day moving average of $12.64 and a 200-day moving average of $12.91. The firm has a market cap of $835.25 million, a PE ratio of 13.01 and a beta of 0.58.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $47.80 million for the quarter, compared to analyst estimates of $64.44 million. Bain Capital Specialty Finance had a return on equity of 10.32% and a net margin of 24.22%. As a group, sell-side analysts forecast that Bain Capital Specialty Finance will post 1.67 EPS for the current year.

Hedge Funds Weigh In On Bain Capital Specialty Finance

Institutional investors have recently added to or reduced their stakes in the company. Motiv8 Investments LLC bought a new stake in shares of Bain Capital Specialty Finance during the 4th quarter valued at $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at approximately $42,000. BNP Paribas Financial Markets grew its stake in shares of Bain Capital Specialty Finance by 352.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,069 shares of the company’s stock worth $58,000 after buying an additional 3,169 shares during the last quarter. Quantbot Technologies LP purchased a new position in Bain Capital Specialty Finance during the second quarter valued at $121,000. Finally, BTG Pactual Asset Management US LLC bought a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at $152,000.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.