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

Bain Capital Specialty Finance (NYSE:BCSF) issued its quarterly earnings results on Monday. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02), Zacks reports. The company had revenue of $42.20 million during the quarter, compared to analyst estimates of $65.58 million. Bain Capital Specialty Finance had a return on equity of 10.36% and a net margin of 27.00%.

Bain Capital Specialty Finance Price Performance

Bain Capital Specialty Finance stock traded down $0.07 during mid-day trading on Wednesday, hitting $13.43. The company’s stock had a trading volume of 76,062 shares, compared to its average volume of 499,070. The stock has a market capitalization of $871.27 million, a P/E ratio of 11.80 and a beta of 0.59. Bain Capital Specialty Finance has a twelve month low of $11.82 and a twelve month high of $16.00. The stock’s fifty day moving average price is $12.84 and its two-hundred day moving average price is $13.47. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.32.

Bain Capital Specialty Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be given a $0.42 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.68 annualized dividend and a yield of 12.5%. Bain Capital Specialty Finance’s payout ratio is 109.80%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BCSF. Wells Fargo & Company cut their target price on Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods cut their price objective on Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.00.

Hedge Funds Weigh In On Bain Capital Specialty Finance

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in Bain Capital Specialty Finance by 3.5% in the 1st quarter. Royal Bank of Canada now owns 140,801 shares of the company’s stock worth $2,337,000 after purchasing an additional 4,722 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Bain Capital Specialty Finance in the second quarter worth approximately $121,000. Invesco Ltd. raised its holdings in shares of Bain Capital Specialty Finance by 12.0% during the second quarter. Invesco Ltd. now owns 84,111 shares of the company’s stock valued at $1,265,000 after acquiring an additional 9,017 shares during the period. Marshall Wace LLP acquired a new stake in shares of Bain Capital Specialty Finance during the second quarter valued at approximately $980,000. Finally, Jump Financial LLC lifted its position in shares of Bain Capital Specialty Finance by 402.6% in the 2nd quarter. Jump Financial LLC now owns 60,622 shares of the company’s stock valued at $912,000 after acquiring an additional 48,561 shares in the last quarter.

About Bain Capital Specialty Finance

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.