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

Key Points

• Bain Capital Specialty Finance reported disappointing quarterly results: earnings per share came in at $0.22 versus the $0.42 consensus estimate, while revenue of $47.80 million fell short of the $64.44 million forecast.
• Shares declined $0.16 to $12.95 following the announcement. The company reported a 10.44% return on equity, a 27.00% net margin, and a market capitalization of approximately $840 million.
• Several institutional investors increased their BCSF holdings, including North Ground Capital and Millennium Management, which expanded their positions by 258.0% and 263.5%, respectively.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) issued its earnings results on Monday. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.20), FiscalAI reports. Bain Capital Specialty Finance had a return on equity of 10.44% and a net margin of 27.00%.The firm had revenue of $47.80 million during the quarter, compared to analyst estimates of $64.44 million.

Bain Capital Specialty Finance Stock Performance

Shares of Bain Capital Specialty Finance stock traded down $0.16 during trading on Monday, reaching $12.95. The company's stock had a trading volume of 286,833 shares, compared to its average volume of 434,682. Bain Capital Specialty Finance has a one year low of $11.82 and a one year high of $15.84. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a market cap of $840.07 million, a price-to-earnings ratio of 11.36 and a beta of 0.58. The business's fifty day moving average price is $12.66 and its 200-day moving average price is $12.92.

Institutional Trading of Bain Capital Specialty Finance

A number of hedge funds have recently bought and sold shares of BCSF. UBS Group AG raised its position in shares of Bain Capital Specialty Finance by 2.9% during the third quarter. UBS Group AG now owns 1,492,327 shares of the company's stock valued at $21,266,000 after buying an additional 42,401 shares during the last quarter. Van ECK Associates Corp grew its position in Bain Capital Specialty Finance by 5.1% during the fourth quarter. Van ECK Associates Corp now owns 1,373,363 shares of the company's stock worth $19,104,000 after buying an additional 67,132 shares in the last quarter. North Ground Capital increased its stake in Bain Capital Specialty Finance by 258.0% during the fourth quarter. North Ground Capital now owns 626,514 shares of the company's stock valued at $8,715,000 after acquiring an additional 451,514 shares during the period. Millennium Management LLC raised its holdings in Bain Capital Specialty Finance by 263.5% in the 3rd quarter. Millennium Management LLC now owns 511,115 shares of the company's stock valued at $7,283,000 after acquiring an additional 370,507 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Bain Capital Specialty Finance by 5.5% in the 4th quarter. Franklin Resources Inc. now owns 505,937 shares of the company's stock worth $7,038,000 after acquiring an additional 26,263 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source