Bain Capital Specialty Finance (NYSE:BCSF) Posts Earnings Results, Beats Estimates By $0.03 EPS

Bain Capital Specialty Finance (NYSE:BCSF) announced its quarterly earnings results on Tuesday. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03, Zacks reports. The company had revenue of $72.54 million during the quarter. Bain Capital Specialty Finance had a return on equity of 12.09% and a net margin of 43.90%. During the same period in the previous year, the business earned $0.55 EPS.

Bain Capital Specialty Finance Stock Up 2.3 %

Bain Capital Specialty Finance stock traded up $0.37 during mid-day trading on Wednesday, hitting $16.81. The company had a trading volume of 48,901 shares, compared to its average volume of 233,376. Bain Capital Specialty Finance has a 12 month low of $14.75 and a 12 month high of $17.25. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.03. The stock’s 50 day moving average price is $16.81 and its two-hundred day moving average price is $16.57. The company has a market capitalization of $1.09 billion, a PE ratio of 8.23 and a beta of 1.13.

Analysts Set New Price Targets

BCSF has been the subject of several research analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $17.00 target price on shares of Bain Capital Specialty Finance in a research report on Wednesday, August 21st. Wells Fargo & Company lowered their price objective on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday, August 8th.

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.