Bain Capital Specialty Finance, Inc. (NYSE:BCSF) to Issue Quarterly Dividend of $0.42

by · The Markets Daily

Bain Capital Specialty Finance, Inc. (NYSE:BCSF – Get Free Report) declared a quarterly dividend on Monday, August 10th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.42 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date is Tuesday, September 15th.

Bain Capital Specialty Finance has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Bain Capital Specialty Finance has a payout ratio of 101.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Bain Capital Specialty Finance to earn $1.51 per share next year, which means the company may not be able to cover its $1.68 annual dividend with an expected future payout ratio of 111.3%.

Bain Capital Specialty Finance Trading Down 1.2%

Shares of NYSE BCSF opened at $12.95 on Tuesday. Bain Capital Specialty Finance has a fifty-two week low of $11.82 and a fifty-two week high of $15.84. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.17 and a current ratio of 2.17. The company has a market cap of $840.07 million, a price-to-earnings ratio of 11.36 and a beta of 0.58. The business’s 50 day moving average price is $12.65 and its 200-day moving average price is $12.92.

Bain Capital Specialty Finance (NYSE:BCSF – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Bain Capital Specialty Finance had a return on equity of 10.44% and a net margin of 27.00%.The company had revenue of $47.80 million for the quarter, compared to the consensus estimate of $64.44 million. On average, sell-side analysts expect that Bain Capital Specialty Finance will post 1.67 earnings per share for the current year.

Institutional Trading of Bain Capital Specialty Finance

Several institutional investors and hedge funds have recently modified their holdings of the stock. North Ground Capital grew its stake in Bain Capital Specialty Finance by 258.0% in the fourth quarter. North Ground Capital now owns 626,514 shares of the company’s stock worth $8,715,000 after purchasing an additional 451,514 shares in the last quarter. Closed End Fund Advisors Inc. bought a new position in shares of Bain Capital Specialty Finance during the 4th quarter worth $5,881,000. Millennium Management LLC increased its stake in shares of Bain Capital Specialty Finance by 263.5% during the third quarter. Millennium Management LLC now owns 511,115 shares of the company’s stock valued at $7,283,000 after buying an additional 370,507 shares during the period. Two Sigma Investments LP lifted its stake in Bain Capital Specialty Finance by 310.0% in the third quarter. Two Sigma Investments LP now owns 489,550 shares of the company’s stock worth $6,976,000 after acquiring an additional 370,156 shares during the period. Finally, Alpine Global Management LLC grew its holdings in Bain Capital Specialty Finance by 232.2% during the 4th quarter. Alpine Global Management LLC now owns 307,641 shares of the company’s stock worth $4,279,000 after acquiring an additional 215,031 shares in the last quarter.

About Bain Capital Specialty Finance

(Get Free Report)

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.

Recommended Stories