Bain Capital Specialty Finance Price Target Increased by Wells Fargo

Bain Capital Specialty Finance (NYSE:BCSF) has seen its price target raised by analysts at Wells Fargo & Company from $18.00 to $19.00, according to a report released on Monday. The firm has assigned an "overweight" rating to the stock, indicating a favorable outlook for its performance.

Recent Stock Performance

On Monday, Bain Capital Specialty Finance saw a slight increase of $0.01 during trading hours, reaching a price of $19.08. A total of 45,929 shares were traded, which is lower than its average volume of 203,358 shares. The company has a debt-to-equity ratio of 1.13, and both its current ratio and quick ratio stand at 1.41. Over the past year, the stock has fluctuated, with a low of $15.29 and a high of $19.16. The stock's 50-day simple moving average is $17.86, while the 200-day simple moving average is $17.20. With a market capitalization of $1.23 billion, Bain Capital Specialty Finance has a price-to-earnings ratio of 9.59 and a beta of 1.10.

Latest Earnings Report

Bain Capital Specialty Finance recently reported its earnings results, disclosing an earnings per share (EPS) of $0.52 for the quarter that ended on February 27th. This performance exceeded the consensus estimate of $0.49 by $0.03. The company generated revenue of $73.30 million, surpassing analyst predictions of $67.50 million. Bain Capital Specialty Finance achieved a return on equity of 11.90% and maintained a net margin of 43.62%. Analysts expect the company to report earnings of $2.06 per share for the current year.

Institutional Activity

Several large investors have adjusted their positions in Bain Capital Specialty Finance recently. For instance, JPMorgan Chase & Co. has increased its stake by 47.0% during the third quarter, acquiring an additional 71,806 shares, bringing its total holdings to 224,528 shares valued at approximately $3.73 million. Franklin Resources Inc. also raised its position by 14.6%, owning 287,890 shares valued at $4.78 million after adding 36,585 shares. Additionally, First National Trust Co. boosted its stake by 189.6%, resulting in ownership of 91,690 shares valued at $1.52 million after acquiring 60,024 shares in the last quarter. Jane Street Group LLC grew its position by 136.2%, and Columbus Macro LLC obtained a new position valued at $5.54 million in the fourth quarter.

Overview of Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc. is a business development company that specializes in providing direct loans to middle-market companies. The firm primarily focuses on senior investments secured by collateral, including loans with first or second lien positions, junior securities, mezzanine debt, and other middle-market corporate debt.

Bain, Capital, Finance