Bain Capital Specialty Finance (NYSE:BCSF) Releases Earnings Results, Meets Estimates

Bain Capital Specialty Finance (NYSE:BCSF) issued its earnings results on Wednesday. The company reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41, Fidelity Earnings reports. Bain Capital Specialty Finance had a return on equity of 8.27% and a net margin of 44.83%. The business had revenue of $52.69 million during the quarter, compared to analysts’ expectations of $51.91 million.

Shares of BCSF opened at $19.00 on Friday. Bain Capital Specialty Finance has a 1 year low of $15.14 and a 1 year high of $20.90. The stock has a 50 day simple moving average of $18.81 and a 200-day simple moving average of $18.73. The stock has a market cap of $975.15 million and a PE ratio of 13.10.

Separately, Zacks Investment Research raised Bain Capital Specialty Finance from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.25.

In related news, insider Michael A. Ewald bought 27,483 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average cost of $18.21 per share, with a total value of $500,465.43. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Michael John Boyle bought 4,150 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was bought at an average cost of $18.34 per share, with a total value of $76,111.00. Following the completion of the acquisition, the vice president now owns 18,620 shares in the company, valued at approximately $341,490.80. The disclosure for this purchase can be found here. Over the last three months, insiders bought 37,050 shares of company stock valued at $676,574. 0.21% of the stock is currently owned by insiders.

About Bain Capital Specialty Finance

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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