Weekly Investment Analysts’ Ratings Changes for Bain Capital Specialty Finance (BCSF)

Christel Deskins

Bain Capital Specialty Finance (NYSE: BCSF) recently received a number of ratings updates from brokerages and research firms: 8/27/2020 – Bain Capital Specialty Finance was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Bain Capital Specialty Finance Inc. is a […]

Bain Capital Specialty Finance (NYSE: BCSF) recently received a number of ratings updates from brokerages and research firms:

  • 8/27/2020 – Bain Capital Specialty Finance was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/26/2020 – Bain Capital Specialty Finance was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. 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. “
  • 8/18/2020 – Bain Capital Specialty Finance was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/17/2020 – Bain Capital Specialty Finance was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. 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. “
  • 8/12/2020 – Bain Capital Specialty Finance was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/11/2020 – Bain Capital Specialty Finance was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. 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. “

Shares of BCSF opened at $10.49 on Monday. Bain Capital Specialty Finance Inc has a 12-month low of $7.11 and a 12-month high of $20.35. The firm has a market capitalization of $677.26 million, a PE ratio of -12.20 and a beta of 1.49. The stock’s fifty day simple moving average is $10.31 and its 200-day simple moving average is $11.67.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $47.87 million for the quarter, compared to analyst estimates of $54.71 million. Bain Capital Specialty Finance had a positive return on equity of 8.61% and a negative net margin of 20.85%. As a group, equities analysts predict that Bain Capital Specialty Finance Inc will post 1.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be issued a $0.34 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $1.36 dividend on an annualized basis and a yield of 12.96%. Bain Capital Specialty Finance’s dividend payout ratio is presently 82.93%.

In related news, CFO Sally F. Dornaus acquired 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average price of $10.43 per share, for a total transaction of $26,075.00. Corporate insiders own 0.43% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bain Capital Credit LP increased its holdings in Bain Capital Specialty Finance by 35.9% in the second quarter. Bain Capital Credit LP now owns 11,822,433 shares of the company’s stock valued at $130,993,000 after purchasing an additional 3,126,180 shares during the last quarter. Employees Retirement System of Texas increased its holdings in Bain Capital Specialty Finance by 27.0% in the first quarter. Employees Retirement System of Texas now owns 4,113,167 shares of the company’s stock valued at $38,129,000 after purchasing an additional 875,460 shares during the last quarter. UBS Group AG increased its holdings in Bain Capital Specialty Finance by 15.2% in the second quarter. UBS Group AG now owns 1,710,724 shares of the company’s stock valued at $18,955,000 after purchasing an additional 226,028 shares during the last quarter. Starr International Co. Inc. increased its holdings in shares of Bain Capital Specialty Finance by 3.0% in the second quarter. Starr International Co. Inc. now owns 736,873 shares of the company’s stock worth $8,165,000 after acquiring an additional 21,514 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Bain Capital Specialty Finance by 27.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 456,390 shares of the company’s stock worth $5,057,000 after acquiring an additional 98,077 shares in the last quarter. Institutional investors and hedge funds own 53.00% of the company’s stock.

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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