Bain Capital Specialty Finance (NYSE:BCSF) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Key Points

• Bain Capital Specialty Finance reported quarterly earnings of $0.47 per share, exceeding expectations by $0.04.
• The company declared a dividend of $0.03 per share, with a remarkable yield of 1,166.0% and a dividend payout ratio of 96.55%.
• Wells Fargo lowered its price target for Bain Capital Specialty Finance from $19.00 to $16.00, while maintaining an "overweight" rating.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) posted its earnings results on Tuesday. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04, Zacks reports. Bain Capital Specialty Finance had a net margin of 39.60% and a return on equity of 11.62%.

Bain Capital Specialty Finance Stock Performance

NYSE BCSF traded up $0.14 during trading hours on Tuesday, hitting $14.82. 341,302 shares of the stock were exchanged, compared to its average volume of 294,814. The company has a market cap of $961.37 million, a price-to-earnings ratio of 8.52 and a beta of 0.83. Bain Capital Specialty Finance has a 12-month low of $13.20 and a 12-month high of $19.21. The stock has a 50-day moving average of $15.27 and a 200 day moving average of $16.10. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 1.27.

Bain Capital Specialty Finance Announces Dividend

The company also recently declared a dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were issued a dividend of $0.03 per share. This represents a yield of 1,166.0%. The ex-dividend date of this dividend was Monday, June 16th. Bain Capital Specialty Finance's dividend payout ratio is currently 96.55%.

Analysts Set New Price Targets

Several research firms have commented on BCSF. Wells Fargo & Company dropped their price target on shares of Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Keefe, Bruyette & Woods decreased their price objective on shares of 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.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bain Capital Specialty Finance stock. Royal Bank of Canada grew its holdings in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,801 shares of the company's stock after purchasing an additional 4,722 shares during the quarter. Royal Bank of Canada owned approximately 0.22% of Bain Capital Specialty Finance worth $2,337,000 at the end of the most recent quarter.

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.

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