Bain Capital Specialty Finance Inc

Bain Capital Specialty Finance is a business development company. They structure, monitor, and manage each of their portfolio companies' investments. They provide services in private equity, credit, public equity, venture capital, and real estate.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

BCSF reports robust earnings, boosts dividend, eyes growth opportunities

BCSF delivered solid financial performance in Q4 2022 and for the full year, with strong returns on equity and book value.
The company's focus on portfolio strength, dividend growth, and maintaining dry powder for investments positions it well for future opportunities.
While challenges like market risks and economic uncertainties exist, BCSF's strategic approach and industry expertise offer avenues for growth and resilience.

BCSF reports robust Q1 earnings amidst market challenges and opportunities

BCSF delivered strong financial performance in Q1 2023, marked by significant growth in net investment income and total investment income.
Despite market challenges such as lower activity and increased volatility, the company's portfolio companies maintained stable credit quality.
With opportunities to optimize loan structures and explore new investments, BCSF is positioned to navigate market uncertainties and drive future growth.
Investors can be optimistic about BCSF's performance, supported by a growing investment portfolio and improved NAV per share.

Bain Capital Specialty Finance excels in Q2 2023 earnings call

Bain Capital Specialty Finance delivered robust Q2 results, marked by strong net investment income growth and stable portfolio credit quality.
The company's strategic investments and increased dividend reflect confidence in performance and commitment to shareholder value.
While challenges like market dynamics and risk management persist, opportunities in expanding loan volumes and strategic partnerships offer avenues for growth.

Bain Capital Specialty Finance excels in Q3, eyes middle-market growth

Bain Capital Specialty Finance delivered robust Q3 results, exceeding dividend expectations and showcasing strong financial performance.
While facing competitive challenges in the private credit market, the company remains well-positioned to capitalize on opportunities.
Management's commitment to shareholder value and effective capital management underpins a positive outlook for future growth.
Maintaining a focus on prudent risk management and strategic investments will be key to navigating potential challenges and seizing opportunities.

Bain Capital Specialty Finance excels in Q3, eyes growth opportunities

BCSF's Q3 performance reflects a robust financial position, marked by strong income generation, prudent risk management, and strategic growth initiatives.
The company's solid asset quality, liquidity, and growth in originations underscore its resilience and potential for sustained performance in the market.
While challenges like bond maturities and market uncertainties persist, BCSF's strengths and opportunities position it favorably for future success and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Bain Capital Specialty Finance, Inc. is a closed-end, non-diversified management investment company. It engages in the business of capitalizing on opportunities within advisor’s senior direct lending strategy, which seeks to provide risk-adjusted returns and current income to its stockholders by investing primarily in middle-market companies. The company was founded on October 5, 2015 and is headquartered in Boston, MA.

Barings BDC Inc

Goldman Sachs BDC

Prospect Capital

Triplepoint Venture Growth BDC

We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs were flat this week in aggregate, outperforming other income sectors, with PSEC and TPVG bookending month-to-date returns. Q3 earnings reveal a slight decline in net investment income due to rate cuts, tight market spreads, and refinancing into higher coupon debt.

BDC Weekly Review: Key Q3 Earnings Trends

We take a look at the Q3 results of the BDC Bain Capital Specialty Finance. BCSF boasts strong performance and a cheap valuation, trading at a 10.6% dividend yield and 5% discount to book value. The company's ultra-low interest expense provides a competitive advantage for another 18 months, enhancing its yield spread above the sector median.

Bain Capital Specialty Finance: Another Excellent Quarter For This 10.7% Yielding BDC

Bain Capital Specialty Finance (BCSF) remains a strong buy due to its low non-accrual rate, high dividend coverage, and strategic new investments, ensuring portfolio growth despite interest rate cuts. The portfolio is diverse with $2.4B spread across 159 companies, mitigating industry-specific risks. Financials are solid with net investment income at $0.53 per share, a growing NAV, and strategic investments primarily in senior secured first lien debt.

Bain Capital Specialty Finance: New Investments Can Drive Growth

Kayne Anderson BDC Inc

Weak asset quality is a near-term headwind for the Zacks SBIC & Commercial Finance industry. Yet, a rise in financing demand across sectors as rates come down will support companies like Kayne Anderson (KBDC) and Bain Capital (BCSF).

2 SBIC & Commercial Finance Stocks to Buy Amid Industry Challenges

BCSF offers high yield and strong DPS coverage, supported by a defensive, first-lien debt-focused portfolio. Investors interested in the BDC space seeking reliable income sources shouldn't miss out on the opportunity for an outstanding distribution safety BCSF provides. BCSF's well-diversified portfolio spans 159 entities with a fair value of $2.4B, emphasizing first-lien debt for repayment priority.

Don't Miss Out On Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc. (NYSE:BCSF ) Q3 2024 Earnings Conference Call November 6, 2024 9:30 AM ET Company Participants Katherine Schneider - Director, Investor Relations Michael Ewald - Chief Executive Officer Mike Boyle - President Amit Joshi - Chief Financial Officer Conference Call Participants Paul Johnson - KBW Derek Hewett - Bank of America Operator Good day, everyone, and welcome to today's Bain Capital Specialty Finance Third Quarter Ended September 30, 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Bain Capital Specialty Finance, Inc. (BCSF) Q3 2024 Earnings Call Transcript

BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. Announces September 30, 2024 Financial Results and Declares Fourth Quarter 2024 Dividend of $0.42 per Share.

Bain Capital Specialty Finance, Inc. Announces September 30, 2024 Financial Results and Declares Fourth Quarter 2024 Dividend of $0.42 per Share

BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance will report its financial results for the third quarter ended September 30, 2024 on Tuesday, November 5, 2024.

Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Third Quarter Ended September 30, 2024

Bain Capital Specialty Finance offers a well-covered 10% dividend yield, with potential for supplemental dividends, making it attractive for passive income investors. Despite dividend hikes, the BDC's net asset value grew, and the stock trades at a 6% NAV discount, presenting a favorable risk/reward. The company's First Lien-centric portfolio and high dividend coverage suggest sustainability, even in a low-rate environment, with the potential for further dividend increases.

Bain Capital Specialty Finance: Collect A 10.2% Yield On The Drop

After Q2 2024 Bain Capital Specialty Finance (BCSF) remains a strong buy due to robust fundamentals and an unjustified ~7% discount to NAV. Q2 2024 earnings show solid base dividend coverage at 121% and a healthy portfolio with non-accruals at just 1.0%. Despite a drop in net investment activity, gross origination increased 55% YoY, signaling strong future transaction activity.

Bain Capital Specialty Finance: The Discount To NAV Is Still Unjustified After Q2 Report

Blue Owl Capital Corp III

We take a look at the action in business development companies through the fourth week of August and highlight some of the key themes we are watching. BDCs were up nearly 1% on the week, partly retracing the early August drop. Over Q2 sector net investment income and portfolio yield were flat or slightly lower while non-accruals rose.

BDC Weekly Review: Q2 Wrap-Up

Blackstone Secured Lending Fund

Nuveen Churchill Direct Lending Corp

We take a look at the action in business development companies through the third week of August and highlight some of the key themes we are watching. BDCs delivered a 2% total return on the week, starting to climb out of the early August drawdown. A recent Bloomberg article on Prospect Capital focused on cash generation and preferred stock issuance.

BDC Weekly Review: PSEC Gets Bad Press

Morgan Stanley Direct Lending Fund

Over the last couple of weeks we added a number of new BDC positions to our Income Portfolios despite a fairly expensive credit market backdrop. We discuss the reasons behind this and where we see value in the BDC space. Recent market hiccup has opened up attractive opportunities in the BDC sector, particularly in newly IPO'd companies with lower liquidity and awareness.

Why We Are Adding BDCs To Our Income Portfolios Right Now

Ares Capital

TCG BDC

Golub Capital BDC

Horizon Technology Finance

MidCap Financial Investment Corp

Blue Owl Capital Corp

PennantPark Investment

Portman Ridge Finance Corp

WhiteHorse Finance

24/7 Wall Street Insights The current high interest environment has fueled the growth of the private credit market from $875 billion to over $1 trillion in a short time, with a projected $2.8 trillion market by 2027-28.

Need $15,000 Extra Income? These Dividend Stocks May Be the Ticket

We take a look at the Q2 results of the BDC Bain Capital Specialty Finance. BCSF is part of Bain Capital Credit's private credit umbrella and is overweight Defense, Tech, and Business Service sectors. BCSF trades at an 11.5% dividend yield and a 12% discount to book, with stable NAV and strong income dynamics.

Bain Capital Specialty Finance: Adding This 11.5%-Yielding BDC After Another Solid Quarter

We take a look at the action in business development companies through the second week of August and highlight some of the key themes we are watching. BDCs underperformed with a total return of -2% due to poor quarterly results or dividend cuts. TriplePoint Venture Growth highlights the disconnect between dividend yield and total NAV return.

BDC Weekly Review: Yield Myopia Ignores The Right Metrics

BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. (NYSE: BCSF) today announced financial results for the second quarter ended June 30, 2024.

Bain Capital Specialty Finance, Inc. Announces June 30, 2024 Financial Results and Declares Third Quarter 2024 Dividend of $0.42 per Share

Barings Global Short Duration High Yield Fund

Gladstone Capital

Nuveen Preferred & Income Term Fund

Nuveen Municipal Credit Income Fund

Flaherty & Crumrine Preferred Income OpportunityFund Inc

PGIM Shrt Duratin Hgh Yld Opprtnts Fund

Income assets and financial markets have surged, with only local EM debt in the red year-to-date, due to dollar strength. Our countercyclical approach has led to the culling of high-flyers like BDC Gladstone Capital and the CEF Nuveen Preferred and Income Term Fund. We highlight opportunities in securities that have lagged the market across the CEF and BDC sectors.

Opportunities In Income Securities That Have Lagged The Rally

Bain Capital Specialty Finance: Attractive Buy With Unjustified Discount

BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. announced it will report its financial results for Q2 Ended June 30, 2024 on August 6, 2024 after market close.

Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Second Quarter Ended June 30, 2024

We take a look at the action in business development companies through the third week of June and highlight some of the key themes we are watching. BDCs were flat on the week, with some underperformers due to specific events like lock-up expiry and CFO exit. With valuations at 2021 levels we take a look at the key differences and potential developments.

BDC Weekly Review: Valuations Are At Early 2021 Levels

We initiate coverage of business development company Bain Capital Specialty Finance, Inc., trading at an 11% dividend yield and a 7% discount to book. Bain Capital Specialty Finance is overweight in Aerospace/Defense and High-Tech sectors, with over 80% in first-lien assets. Bain Capital is focused on the core middle-market segment with a median EBITDA of $44m, part of Bain Capital Credit managing $12bn in assets.

Bain Capital Specialty Finance: Initiating Coverage Of This 11%-Yielding BDC

BDCs with good pay-out metrics and discounts to net asset value are still available, such as Bain Capital Specialty Finance Inc. Bain Capital Specialty Finance offers a 10% yield, growing net investment income, and a diversified portfolio, making it attractive for passive income investors. The BDC is invested in floating-rate loans, with potential for slower net investment income growth in a falling-rate environment, but still offers value.

Bain Capital Specialty Finance: 10% Covered Yield And Re-Rating Opportunity (Upgrade)

BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) announced today that it has increased commitments under its senior secured revolving credit facility with Sumitomo Mitsui Banking Corporation as administrative agent (the “Sumitomo Credit Facility”) to $855 million from $665 million and extended the maturity date to May 18, 2029 from December 24, 2026. The total number of lenders to the Sumitomo Credit Facility increased to 14. There was no.

Bain Capital Specialty Finance, Inc. Increases and Extends Its Revolving Credit Facility

Bain Capital Specialty Finance is one of the top-performing companies in the BDC industry, with strong risk-adjusted returns and a well-diversified investment portfolio. The company's ability to generate a 13% yield on its portfolio while keeping non-accruals at 1% suggests it can sustain healthy returns over the long term. Bain Capital's liquidity position and industry exposure position it well to benefit from increasing demand and potential rate cuts.

News for Bain Capital Specialty Finance Inc Stock (BCSF)