Bain Capital Specialty Finance (NYSE:BCSF) Releases Earnings Results, Misses Estimates By $0.02 EPS

Bain Capital Specialty Finance (NYSE:BCSF) released 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 business had revenue of $42.20 million for the quarter, compared to the consensus estimate of $65.58 million. Bain Capital Specialty Finance had a net margin of 36.14% and a return on equity of 10.74%.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF opened at $13.31 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market capitalization of $863.48 million, a PE ratio of 8.70 and a beta of 0.59. The company’s fifty day moving average price is $12.83 and its 200 day moving average price is $13.47. Bain Capital Specialty Finance has a one year low of $11.82 and a one year high of $16.00.

Bain Capital Specialty Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 12.6%. The ex-dividend date is Monday, June 15th. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is 109.80%.

Institutional Trading of Bain Capital Specialty Finance

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Bain Capital Specialty Finance in the 4th quarter worth $42,000. BNP Paribas Financial Markets grew its position in Bain Capital Specialty Finance by 352.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,069 shares of the company’s stock worth $58,000 after purchasing an additional 3,169 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Bain Capital Specialty Finance in the 2nd quarter worth $121,000. BTG Pactual Asset Management US LLC acquired a new stake in Bain Capital Specialty Finance in the 4th quarter worth $152,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Bain Capital Specialty Finance in the 4th quarter worth $151,000.

Wall Street Analyst Weigh In

BCSF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods cut their price target on shares of Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Wells Fargo & Company dropped their target price on shares of Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $14.00.

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.