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

Bain Capital Specialty Finance (NYSE:BCSF) announced its quarterly earnings data on Thursday. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01, Zacks reports. Bain Capital Specialty Finance had a return on equity of 11.03% and a net margin of 33.45%.

Bain Capital Specialty Finance Price Performance

Shares of BCSF traded down $0.52 during trading hours on Thursday, reaching $12.75. The stock had a trading volume of 1,776,528 shares, compared to its average volume of 536,687. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 1.78. Bain Capital Specialty Finance has a 12 month low of $12.49 and a 12 month high of $19.21. The stock has a market capitalization of $827.09 million, a PE ratio of 8.85 and a beta of 0.61. The company’s 50-day moving average is $13.59 and its two-hundred day moving average is $14.18.

Bain Capital Specialty Finance Announces Dividend

The business also recently declared a special dividend, which was paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, December 31st. Bain Capital Specialty Finance’s dividend payout ratio is 116.67%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BCSF shares. Wells Fargo & Company set a $14.00 price target on Bain Capital Specialty Finance and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods upgraded shares of Bain Capital Specialty Finance from a “market perform” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research note on Friday, December 19th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.00.

Hedge Funds Weigh In On Bain Capital Specialty Finance

Several large investors have recently bought and sold shares of BCSF. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Bain Capital Specialty Finance in the fourth quarter valued at approximately $42,000. BNP Paribas Financial Markets increased 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 valued at $58,000 after acquiring an additional 3,169 shares during the period. Quantbot Technologies LP bought a new position in shares of Bain Capital Specialty Finance during the second quarter valued at $121,000. BTG Pactual Asset Management US LLC acquired a new position in shares of Bain Capital Specialty Finance during the fourth quarter worth $152,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Bain Capital Specialty Finance during the fourth quarter worth $151,000.

About Bain Capital Specialty Finance

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.