Bain Capital Specialty Finance (NYSE:BCSF) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Bain Capital Specialty Finance (NYSE:BCSF) issued its earnings results on Monday. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02), Zacks reports. The business had revenue of $42.20 million for the quarter, compared to the consensus estimate of $65.58 million. Bain Capital Specialty Finance had a return on equity of 10.74% and a net margin of 36.14%.

Bain Capital Specialty Finance Stock Down 2.6%

BCSF stock opened at $13.31 on Tuesday. Bain Capital Specialty Finance has a 12-month low of $11.82 and a 12-month high of $16.00. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.32. The company has a market cap of $863.48 million, a price-to-earnings ratio of 8.70 and a beta of 0.59. The company has a 50 day moving average of $12.83 and a two-hundred day moving average of $13.47.

Bain Capital Specialty Finance Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were paid a $0.42 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.68 annualized dividend and a yield of 12.6%. This is a boost from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03. Bain Capital Specialty Finance’s dividend payout ratio (DPR) is currently 109.80%.

Analysts Set New Price Targets

BCSF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods decreased their target price on Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Wells Fargo & Company decreased their price target on Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bain Capital Specialty Finance presently has an average rating of “Hold” and a consensus target price of $14.00.

Hedge Funds Weigh In On Bain Capital Specialty Finance

A number of hedge funds have recently modified their holdings of BCSF. North Ground Capital raised its holdings in shares of Bain Capital Specialty Finance by 258.0% during the fourth quarter. North Ground Capital now owns 626,514 shares of the company’s stock worth $8,715,000 after acquiring an additional 451,514 shares in the last quarter. Millennium Management LLC grew its stake in Bain Capital Specialty Finance by 263.5% in the third quarter. Millennium Management LLC now owns 511,115 shares of the company’s stock valued at $7,283,000 after purchasing an additional 370,507 shares in the last quarter. Two Sigma Investments LP increased its position in Bain Capital Specialty Finance by 310.0% in the 3rd quarter. Two Sigma Investments LP now owns 489,550 shares of the company’s stock worth $6,976,000 after purchasing an additional 370,156 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Bain Capital Specialty Finance in the 4th quarter worth about $2,493,000. Finally, Cerity Partners LLC purchased a new stake in shares of Bain Capital Specialty Finance during the 4th quarter worth about $1,574,000.

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.