Bain Capital Specialty Finance (NYSE:BCSF) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) issued its earnings results on Thursday. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.03, Zacks reports. The business 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 Trading Down 2.6 %

BCSF stock traded down $0.50 during mid-day trading on Monday, reaching $18.57. The company's stock had a trading volume of 586,641 shares, compared to its average volume of 227,779. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 9.33 and a beta of 1.10. The business's 50 day moving average price is $17.89 and its 200 day moving average price is $17.21. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. Bain Capital Specialty Finance has a 12 month low of $15.29 and a 12 month high of $19.20.

Bain Capital Specialty Finance Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.12 dividend on an annualized basis and a yield of 0.65%. Bain Capital Specialty Finance's payout ratio is currently 90.81%.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted their target price on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Monday.

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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.