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

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.02, Zacks reports. The firm had revenue of $52.84 million during the quarter, compared to the consensus estimate of $71.00 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%.

Bain Capital Specialty Finance Stock Down 0.5 %

BCSF stock traded down $0.07 during trading on Friday, reaching $15.13. 208,569 shares of the stock were exchanged, compared to its average volume of 244,744. The firm's 50 day moving average is $15.73 and its 200 day moving average is $16.85. The firm has a market cap of $981.47 million, a P/E ratio of 7.60 and a beta of 0.82. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. Bain Capital Specialty Finance has a twelve month low of $13.20 and a twelve month high of $19.21.

Bain Capital Specialty Finance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 annualized dividend and a dividend yield of 0.79%. Bain Capital Specialty Finance's dividend payout ratio is presently 96.55%.

Insider Buying and Selling at Bain Capital Specialty Finance

In other Bain Capital Specialty Finance news, Director Clare Stack Richer acquired 1,530 shares of the company's stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of $16.43 per share, with a total value of $25,137.90. Following the completion of the purchase, the director now owns 20,835 shares of the company's stock, valued at approximately $342,319.05. This represents a 7.93 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.59% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods decreased their target price on Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on shares of Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, April 28th.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc is business development company 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.