Bain Capital Specialty Finance, Inc. Expected to Post Q4 2022 Earnings of $0.35 Per Share (NYSE:BCSF)

Bain Capital Specialty Finance, Inc. (NYSE:BCSF – Get Rating) – Equities researchers at Oppenheimer boosted their Q4 2022 earnings per share (EPS) estimates for Bain Capital Specialty Finance in a research report issued to clients and investors on Monday, May 9th. Oppenheimer analyst M. Penn now forecasts that the company will post earnings per share of $0.35 for the quarter, up from their previous forecast 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.

Separately, Zacks Investment Research lowered Bain Capital Specialty Finance from a “hold” rating to a “sell” rating in a research note on Tuesday.

Shares of BCSF stock opened at $15.27 on Wednesday. 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 one year low of $14.60 and a one year high of $16.28. The company’s fifty day moving average price is $15.77 and its 200-day moving average price is $15.69. The company has a market capitalization of $985.86 million, a price-to-earnings ratio of 8.08, a PEG ratio of 1.03 and a beta of 1.31.

Bain Capital Specialty Finance (NYSE:BCSF – Get Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The company reported $0.34 earnings per share for the quarter. The business 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 firm earned $0.34 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.36 annualized dividend and a yield of 8.91%. Bain Capital Specialty Finance’s payout ratio is 71.96%.

In other news, Director Thomas A. Hough bought 6,272 shares of the firm’s stock in a transaction that occurred on Friday, March 25th. The shares were bought at an average cost of $15.94 per share, for a total transaction of $99,975.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Clare Stack Richer purchased 3,090 shares of the business’s stock in a transaction on Thursday, March 3rd. The shares were purchased at an average price of $16.18 per share, with a total value of $49,996.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 10,662 shares of company stock valued at $170,590. Insiders own 0.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Texas Yale Capital Corp. increased its holdings in shares of Bain Capital Specialty Finance by 1.9% in the 1st quarter. Texas Yale Capital Corp. now owns 131,046 shares of the company’s stock worth $2,043,000 after buying an additional 2,440 shares during the last quarter. Van ECK Associates Corp grew its position in Bain Capital Specialty Finance by 54.6% in the first quarter. Van ECK Associates Corp now owns 1,216,485 shares of the company’s stock worth $18,965,000 after acquiring an additional 429,639 shares in the last quarter. GraniteShares Advisors LLC increased its stake in Bain Capital Specialty Finance by 9.7% during the first quarter. GraniteShares Advisors LLC now owns 49,339 shares of the company’s stock worth $769,000 after acquiring an additional 4,373 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in Bain Capital Specialty Finance by 15.0% during the first quarter. Advisor Group Holdings Inc. now owns 8,432 shares of the company’s stock worth $131,000 after acquiring an additional 1,099 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Bain Capital Specialty Finance by 196.3% during the first quarter. Commonwealth Equity Services LLC now owns 115,739 shares of the company’s stock valued at $1,804,000 after purchasing an additional 76,677 shares during the period. Hedge funds and other institutional investors own 49.33% of the company’s stock.

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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