According to Zacks, “Bain Capital Specialty Finance Inc. is a business development company. It focuses on investment in middle-market companies. Bain Capital Specialty Finance Inc. is based in Boston, United States. “
Separately, JMP Securities started coverage on Bain Capital Specialty Finance in a research report on Wednesday, April 24th. They issued a market perform rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Bain Capital Specialty Finance presently has a consensus rating of Buy and a consensus target price of $20.25.
Shares of BCSF stock opened at $18.05 on Thursday. Bain Capital Specialty Finance has a fifty-two week low of $15.14 and a fifty-two week high of $20.90. The stock has a market capitalization of $932.28 million and a price-to-earnings ratio of 12.45. The business’s 50-day simple moving average is $18.62.
Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Bain Capital Specialty Finance had a return on equity of 7.23% and a net margin of 44.85%. The business had revenue of $39.89 million for the quarter, compared to analysts’ expectations of $41.83 million. As a group, equities analysts anticipate that Bain Capital Specialty Finance will post 1.68 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 9.09%. The ex-dividend date of this dividend is Thursday, June 27th. Bain Capital Specialty Finance’s payout ratio is presently 113.10%.
Large investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in shares of Bain Capital Specialty Finance during the 1st quarter worth approximately $198,000. Stifel Financial Corp acquired a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth approximately $224,000. Bank of New York Mellon Corp acquired a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth approximately $234,000. Northern Trust Corp acquired a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth approximately $370,000. Finally, Boston Private Wealth LLC acquired a new position in shares of Bain Capital Specialty Finance during the 2nd quarter worth approximately $393,000. 9.41% of the stock is owned by institutional investors.
Bain Capital Specialty Finance Company Profile
Bain Capital Specialty Finance, Inc operates as a business development company (BDC) specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt.
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