Bain Capital Specialty Finance, Inc. (NYSE:BCSF – Get Rating) – Research analysts at Oppenheimer increased their Q4 2022 earnings per share estimates for Bain Capital Specialty Finance in a research report issued on Monday, May 9th. Oppenheimer analyst M. Penn now expects that the company will post earnings of $0.35 per share for the quarter, up from their previous estimate of $0.34. Oppenheimer also issued estimates for Bain Capital Specialty Finance’s Q1 2023 earnings at $0.35 EPS, Q2 2023 earnings at $0.35 EPS, Q3 2023 earnings at $0.35 EPS, Q4 2023 earnings at $0.35 EPS and FY2023 earnings at $1.41 EPS.
Bain Capital Specialty Finance (NYSE:BCSF – Get Rating) last issued its earnings results on Wednesday, February 23rd. The company reported $0.34 earnings per share (EPS) for the quarter. The firm had revenue of $51.53 million for the quarter. Bain Capital Specialty Finance had a net margin of 62.89% and a return on equity of 7.94%. During the same period in the prior year, the business earned $0.34 EPS.
Separately, Zacks Investment Research cut Bain Capital Specialty Finance from a “hold” rating to a “sell” rating in a research note on Tuesday.
NYSE:BCSF opened at $15.27 on Wednesday. The firm has a market capitalization of $985.86 million, a P/E ratio of 8.08, a P/E/G ratio of 1.03 and a beta of 1.31. The business has a 50 day simple moving average of $15.77 and a 200 day simple moving average of $15.69. The company has a debt-to-equity ratio of 1.29, a current ratio of 5.02 and a quick ratio of 5.02. Bain Capital Specialty Finance has a 12-month low of $14.60 and a 12-month high of $16.28.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. GraniteShares Advisors LLC acquired a new position in Bain Capital Specialty Finance during the fourth quarter worth about $683,000. Callodine Capital Management LP raised its holdings in shares of Bain Capital Specialty Finance by 81.7% in the 3rd quarter. Callodine Capital Management LP now owns 199,846 shares of the company’s stock worth $2,966,000 after purchasing an additional 89,846 shares in the last quarter. Lincoln National Corp lifted its stake in Bain Capital Specialty Finance by 9.1% during the fourth quarter. Lincoln National Corp now owns 35,236 shares of the company’s stock valued at $536,000 after purchasing an additional 2,951 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Bain Capital Specialty Finance by 49.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 167,488 shares of the company’s stock worth $2,486,000 after buying an additional 55,170 shares in the last quarter. Finally, Gries Financial LLC acquired a new position in Bain Capital Specialty Finance in the third quarter worth approximately $3,349,000. Institutional investors and hedge funds own 49.33% of the company’s stock.
In other Bain Capital Specialty Finance news, Director Thomas A. Hough purchased 6,272 shares of the stock in a transaction dated Friday, March 25th. The shares were bought at an average cost of $15.94 per share, with a total value of $99,975.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Clare Stack Richer acquired 3,090 shares of the business’s stock in a transaction that occurred on Thursday, March 3rd. The shares were bought at an average price of $16.18 per share, for a total transaction of $49,996.20. The disclosure for this purchase can be found here. Insiders purchased a total of 10,662 shares of company stock valued at $170,590 over the last three months. Corporate insiders own 0.50% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Thursday, June 30th will be given a dividend of $0.34 per share. The ex-dividend date is Wednesday, June 29th. This represents a $1.36 annualized dividend and a dividend yield of 8.91%. Bain Capital Specialty Finance’s dividend payout ratio is presently 71.96%.
About Bain Capital Specialty Finance (Get Rating)
Bain Capital Specialty Finance, Inc operates as a business development company (BDC) 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.
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