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

Bain Capital Specialty Finance (NYSE:BCSF) posted its earnings results on Monday. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02, Zacks reports. Bain Capital Specialty Finance had a net margin of 24.22% and a return on equity of 10.32%. The company had revenue of $47.80 million for the quarter, compared to analyst estimates of $64.44 million.

Bain Capital Specialty Finance Price Performance

NYSE:BCSF traded down $0.16 during trading hours on Wednesday, reaching $12.68. 76,238 shares of the company’s stock were exchanged, compared to its average volume of 431,947. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $822.54 million, a P/E ratio of 12.81 and a beta of 0.58. Bain Capital Specialty Finance has a 12 month low of $11.82 and a 12 month high of $15.84. The business’s 50-day simple moving average is $12.64 and its two-hundred day simple moving average is $12.91.

Bain Capital Specialty Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 13.2%. The ex-dividend date is Tuesday, September 15th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is presently 169.70%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lowered their price objective on shares of Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.50.

Hedge Funds Weigh In On Bain Capital Specialty Finance

A number of hedge funds have recently modified their holdings of BCSF. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Bain Capital Specialty Finance during the fourth quarter valued at $42,000. BNP Paribas Financial Markets raised its holdings in Bain Capital Specialty Finance by 352.1% during 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 period. Quantbot Technologies LP purchased a new stake in Bain Capital Specialty Finance during the second quarter valued at about $121,000. Schonfeld Strategic Advisors LLC purchased a new stake in Bain Capital Specialty Finance during the fourth quarter valued at about $151,000. Finally, BTG Pactual Asset Management US LLC acquired a new position in shares of Bain Capital Specialty Finance in the fourth quarter worth about $152,000.

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.