Bain Capital Specialty Finance (NYSE:BCSF) Posts Earnings Results, Meets Expectations

Bain Capital Specialty Finance (NYSE:BCSF) posted its quarterly earnings results on Monday. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45, Zacks reports. Bain Capital Specialty Finance had a net margin of 37.90% and a return on equity of 11.41%.

Bain Capital Specialty Finance Stock Up 0.2%

Shares of Bain Capital Specialty Finance stock traded up $0.03 during trading on Monday, hitting $13.92. 405,234 shares of the stock traded hands, compared to its average volume of 311,066. The company has a current ratio of 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 1.37. The stock’s fifty day simple moving average is $14.44 and its 200 day simple moving average is $15.00. The firm has a market cap of $903.06 million, a P/E ratio of 8.39 and a beta of 0.78. Bain Capital Specialty Finance has a 52-week low of $13.20 and a 52-week high of $19.21.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Bain Capital Specialty Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.50.

Hedge Funds Weigh In On Bain Capital Specialty Finance

A number of hedge funds and other institutional investors have recently modified their holdings of BCSF. Qube Research & Technologies Ltd raised its stake in Bain Capital Specialty Finance by 65.3% in the second quarter. Qube Research & Technologies Ltd now owns 173,102 shares of the company’s stock worth $2,603,000 after buying an additional 68,355 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Bain Capital Specialty Finance in the 2nd quarter valued at $980,000. Jump Financial LLC raised its position in shares of Bain Capital Specialty Finance by 402.6% in the 2nd 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. Ameriprise Financial Inc. lifted its stake in shares of Bain Capital Specialty Finance by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 178,463 shares of the company’s stock worth $2,639,000 after purchasing an additional 24,213 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Bain Capital Specialty Finance during the second quarter valued at about $302,000.

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.