Bain Capital Specialty Finance (NYSE:BCSF) Issues Earnings Results

Bain Capital Specialty Finance (NYSE:BCSF) announced its quarterly earnings data on Thursday. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03, Zacks reports. The company had revenue of $73.30 million for the quarter, compared to analyst estimates 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 Up 3.3 %

Shares of NYSE:BCSF opened at $19.08 on Friday. The business has a 50-day moving average price of $17.83 and a 200 day moving average price of $17.15. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 9.59 and a beta of 1.10. Bain Capital Specialty Finance has a 12-month low of $15.29 and a 12-month high of $19.16.

Bain Capital Specialty Finance Increases Dividend

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

Analysts Set New Price Targets

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

About Bain Capital Specialty Finance

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.