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

Bain Capital Specialty Finance (NYSE:BCSF) posted its quarterly earnings results on Monday. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $47.80 million for the quarter, compared to analyst estimates of $64.44 million.

Bain Capital Specialty Finance Price Performance

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC lifted its position in shares of Bain Capital Specialty Finance by 21.3% during the 4th quarter. Corient Private Wealth LLC now owns 18,172 shares of the company’s stock worth $253,000 after buying an additional 3,196 shares during the period. Virtu Financial LLC bought a new stake in Bain Capital Specialty Finance in the fourth quarter valued at $179,000. XTX Topco Ltd raised its stake in Bain Capital Specialty Finance by 226.4% during the fourth quarter. XTX Topco Ltd now owns 75,980 shares of the company’s stock worth $1,057,000 after acquiring an additional 52,705 shares in the last quarter. VARCOV Co. acquired a new position in Bain Capital Specialty Finance during the fourth quarter worth $299,000. Finally, Quadrature Capital Ltd lifted its holdings in shares of Bain Capital Specialty Finance by 78.3% during the fourth quarter. Quadrature Capital Ltd now owns 30,654 shares of the company’s stock valued at $426,000 after acquiring an additional 13,463 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.