Bain Capital Specialty Finance (NYSE:BCSF) Issues Earnings Results

Bain Capital Specialty Finance (NYSE:BCSF) released its quarterly earnings results on Thursday. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01, Zacks reports. The company had revenue of $68.20 million during the quarter, compared to analysts’ expectations of $68.48 million. Bain Capital Specialty Finance had a return on equity of 11.03% and a net margin of 33.45%.

Bain Capital Specialty Finance Price Performance

Shares of NYSE BCSF traded up $0.30 during trading on Friday, hitting $13.05. The company had a trading volume of 558,144 shares, compared to its average volume of 537,878. The company has a market cap of $846.22 million, a P/E ratio of 9.04 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 1.78. The business’s 50-day moving average is $13.57 and its 200 day moving average is $14.17. Bain Capital Specialty Finance has a 52 week low of $12.43 and a 52 week high of $19.21.

Bain Capital Specialty Finance Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a $0.42 dividend. This is an increase from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03. This represents a $1.68 annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend is Monday, March 16th. Bain Capital Specialty Finance’s dividend payout ratio is currently 116.67%.

Hedge Funds Weigh In On Bain Capital Specialty Finance

Institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP acquired a new stake in Bain Capital Specialty Finance during the 2nd quarter valued at $980,000. Invesco Ltd. boosted its position in shares of Bain Capital Specialty Finance by 12.0% in the second quarter. Invesco Ltd. now owns 84,111 shares of the company’s stock worth $1,265,000 after buying an additional 9,017 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Bain Capital Specialty Finance during the fourth quarter valued at $285,000. Jane Street Group LLC acquired a new position in Bain Capital Specialty Finance during the second quarter valued at $280,000. Finally, Corient Private Wealth LLC raised its position in Bain Capital Specialty Finance by 21.3% during the fourth quarter. Corient Private Wealth LLC now owns 18,172 shares of the company’s stock valued at $253,000 after buying an additional 3,196 shares during the period.

Analyst Ratings Changes

BCSF has been the subject of a number of recent analyst reports. Wells Fargo & Company set a $14.00 target price on shares of Bain Capital Specialty Finance and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods raised shares of Bain Capital Specialty Finance from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.00.

Bain Capital Specialty Finance Company Profile

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.