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

Bain Capital Specialty Finance (NYSE:BCSF) posted its quarterly earnings results on Monday. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43, Zacks reports. The firm had revenue of $39.71 million for the quarter, compared to analyst estimates of $61.03 million. Bain Capital Specialty Finance had a net margin of 24.22% and a return on equity of 10.40%.

Bain Capital Specialty Finance Stock Performance

BCSF opened at $11.05 on Tuesday. The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 1.39. The company’s fifty day moving average price is $10.98 and its two-hundred day moving average price is $12.38. The company has a market cap of $716.75 million, a price-to-earnings ratio of 11.10 and a beta of 0.59. Bain Capital Specialty Finance has a 1-year low of $9.99 and a 1-year high of $14.70.

Bain Capital Specialty Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Tuesday, December 15th will be paid a $0.42 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.68 annualized dividend and a dividend yield of 15.2%. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is currently 169.70%.

Analysts Set New Price Targets

Several brokerages have commented on BCSF. Noble Financial began coverage on shares of Bain Capital Specialty Finance in a report on Friday, September 18th. They issued a “neutral” rating for the company. Loop Capital set a $12.50 price objective on shares of Bain Capital Specialty Finance in a research report on Friday, September 18th. Keefe, Bruyette & Woods cut Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $15.00 to $13.00 in a report on Monday, August 17th. Jefferies Financial Group set a $13.00 target price on Bain Capital Specialty Finance in a research note on Monday, August 17th. Finally, Zacks Research raised shares of Bain Capital Specialty Finance from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 13th. Four equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.60.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated debt investments, with an emphasis on senior secured loans, including first-lien and unitranche facilities. It may also invest in second-lien debt and, to a lesser extent, equity securities.

BCSF seeks to support companies that are generally sponsored by private equity firms and operates across a range of industries.