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

Bain Capital Specialty Finance (NYSE:BCSF) released its earnings results on Thursday. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03, Zacks reports. The company had revenue of $73.30 million during the quarter, compared to the consensus estimate of $67.50 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 Performance

Shares of Bain Capital Specialty Finance stock opened at $19.08 on Friday. Bain Capital Specialty Finance has a one year low of $15.29 and a one year high of $19.16. The company has a market cap of $1.23 billion, a PE ratio of 9.59 and a beta of 1.10. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. The business has a 50-day simple moving average of $17.83 and a 200-day simple moving average of $17.15.

Bain Capital Specialty Finance Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, March 17th. This is an increase from Bain Capital Specialty Finance’s previous — dividend of $0.03. This represents a dividend yield of 8.8%. Bain Capital Specialty Finance’s payout ratio is currently 90.81%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lifted their target price on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th.

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.