Bain Capital Specialty Finance (NYSE:BCSF) Issues Earnings Results, Beats Estimates By $0.02 EPS

Bain Capital Specialty Finance (NYSE:BCSF) posted its quarterly earnings data on Monday. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02, Zacks reports. Bain Capital Specialty Finance had a net margin of 27.00% and a return on equity of 10.44%. The firm had revenue of $47.80 million for the quarter, compared to analysts’ expectations of $64.44 million.

Bain Capital Specialty Finance Price Performance

NYSE BCSF opened at $12.95 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market capitalization of $840.07 million, a price-to-earnings ratio of 11.36 and a beta of 0.58. The company has a 50 day simple moving average of $12.65 and a 200-day simple moving average of $12.92. Bain Capital Specialty Finance has a 52-week low of $11.82 and a 52-week high of $15.84.

Bain Capital Specialty Finance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Bain Capital Specialty Finance’s dividend payout ratio is 147.37%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in Bain Capital Specialty Finance by 3.5% in the 1st quarter. Royal Bank of Canada now owns 140,801 shares of the company’s stock worth $2,337,000 after buying an additional 4,722 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Bain Capital Specialty Finance during the 2nd quarter valued at $121,000. Invesco Ltd. increased its stake in shares of Bain Capital Specialty Finance by 12.0% in the second quarter. Invesco Ltd. now owns 84,111 shares of the company’s stock worth $1,265,000 after acquiring an additional 9,017 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Bain Capital Specialty Finance in the second quarter worth $980,000. Finally, Jump Financial LLC raised its holdings in shares of Bain Capital Specialty Finance by 402.6% during the second quarter. Jump Financial LLC now owns 60,622 shares of the company’s stock worth $912,000 after acquiring an additional 48,561 shares in the last quarter.

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.