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 2024

BCSF reports strong Q1 results, capitalizes on market opportunities

BCSF's Q1 performance reflects strong growth in net investment income and net asset value per share. Despite market challenges, the company is capitalizing on favorable loan terms and sees potential for higher valuation. Opportunities exist in the current market environment for further growth and joint venture returns improvement.

BCSF reports robust Q2 results, eyes growth in niche markets

BCSF delivered strong financial performance, increasing dividends and maintaining a healthy investment portfolio. However, challenges in sustaining loan volume growth and ensuring the quality of new investments may require careful management. The company's strategic investments and evaluation of additional distributions present promising opportunities for future growth.

BCSF reports strong Q3 results, focuses on middle-market stability

Bain Capital Specialty Finance (BCSF) reported strong Q3 results, with increased net asset value and a healthy dividend coverage. The company's focus on middle-market sized companies and majority control positions in debt tranches provides stability. However, challenges exist in the modest increase in loan volumes and the interest rate environment.

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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.

Here is how Bain Capital Specialty (BCSF) and AllianceBernstein (AB) have performed compared to their sector so far this year.

Are Finance Stocks Lagging Bain Capital Specialty Finance (BCSF) This Year?

Despite the run up in share price in the past 3 months, Bain Capital Specialty Finance still trades at a significant discount to NAV.

Bain Capital Specialty Finance: Q4, A Double-Digit Yielding BDC That Deserves More Appreciation

BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”) today announced it will report its financial results for the first quarter ended March 31, 2024 on Monday, May 6, 2024 after market close. Management will host a conference call on Tuesday, May 7, 2024 at 8:00 a.m. Eastern Time to discuss the Company's financial results. Conference Call Information: A conference call to discuss the Company's financial results will be held live at 8:00 a.m. Eastern Time on.

Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the First Quarter Ended March 31, 2024

Bain Capital has sold its Axis Bank stake at 1,071 rupees ($12.87) per share to raise $429 million, according to a source with direct knowledge of the matter.

Bain Capital sells Axis Bank stake, raises $429 mln, source says

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Bain Capital Specialty Finance has substantial excess dividend coverage, indicating potential for significant cash returns in 2024. Despite a shrinking investment portfolio, the BDC's net investment income is sufficient for a substantial dividend raise this year. With an 11% discount to net asset value and an 11.4% yield, there is potential for re-rating and capital appreciation for passive income investors.

Bain Capital Specialty Finance: I Am Getting 11.4% Yield On My Last Purchase

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Bain Capital Specialty (BCSF) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Bain Capital Specialty (BCSF) Moves to Buy: Rationale Behind the Upgrade

Bain Capital Specialty Finance, Inc. (BCSF) Q4 2023 Earnings Call Transcript

BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) today announced financial results for the fourth quarter and fiscal year ended December 31, 2023, and that its Board of Directors (the “Board”) has declared a dividend of $0.42 per share for the first quarter of 2024 and has also declared additional dividends totaling $0.12 per share for 2024. “BCSF reported strong quarterly and full year 2023 results as we benefited from attractive levels o.

Bain Capital Specialty Finance, Inc. Announces December 31, 2023 Financial Results and Declares First Quarter 2024 Dividend of $0.42 per Share and Additional Dividends Totaling $0.12 per Share for 2024

Bain Capital Specialty Finance is a decent business with a secure risk profile and an attractive yield of over 11%. BCSF primarily invests in middle-market private companies, focusing on first or second lien loans secured by collateral. The company is positioned to benefit from weakening of regional banks.

Bain Capital Specialty Finance: Strong Yield With Little Risk

Bain Capital Specialty Finance trades at a discount compared to other BDCs due to its short track record and IPO in 2018. BCSF has improved its dividend coverage and has been out-earning its dividend, making it an attractive income investment. The BDC has a strong balance sheet, no debt maturities until 2026, and investment-grade credit ratings, making it well-positioned for potential economic downturns.

Bain Capital Specialty Finance: Discount To NAV And Strong Growth Make It Attractive

BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. (NYSE: BCSF) will report financial results for Q4 and fiscal year ended 12/31/23 on 02/27/24 after market close.

Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Fourth Quarter Ended December 31, 2023

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NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2023.

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Ares Capital Corp. and Sixth Street Specialty Lending Inc. held onto the highest debt ratings among the 21 business development companies covered by Fitch Ratings, amid expectations that the sector will face economic headwinds in 2024, but with no major impact to their balance sheets.

Business development companies should withstand 2024 economic slowdown, but credit conditions will weaken, Fitch says

Bain Capital Specialty Finance performed better than expected, leading to a lower discount to net asset value. The company has benefited from higher net investment income and debt yields in a rising-rate environment, resulting in dividend increases. The improved dividend coverage and attractive risk/reward relationship prompt a change in stock classification from Sell to Buy.

Bain Capital Specialty Finance: I Was Wrong About This 11% Yielding BDC

Bain Capital Specialty Finance is paying shareholders an 11% dividend yield that's 131% covered by net investment income. NAV per share continues to increase with spillover income enough to cover the current base dividend 1.9x. Underwriting quality remains strong with loans rated grade 2 rising 330 basis points sequentially.

Bain Capital Specialty Finance: 11% Dividend Yield, 14% Discount To NAV

Bain Capital Specialty Finance, Inc. (NYSE:BCSF ) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Katherine Schneider - Director of Investor Relations Michael Ewald - Chief Executive Officer Michael Boyle - President Sally Dornaus - Chief Financial Officer Conference Call Participants Arren Cyganovich - Citigroup Inc. Paul Johnson - Keefe, Bruyette & Woods, Inc. Derek Hewett - Bank of America Operator Good day, and welcome to the Bain Capital Specialty Finance Third Quarter Ended September 30, 2023, Earnings Conference Call. All participants will be in a listen-only mode.

Bain Capital Specialty Finance, Inc. (BCSF) Q3 2023 Earnings Call Transcript

BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) today announced financial results for the third quarter ended September 30, 2023, and that its Board of Directors has declared a dividend of $0.42 per share for the fourth quarter of 2023. “We delivered another strong quarter of earnings driven by the continued benefits of higher interest rates across our diversified portfolio of largely floating rate loans coupled with stable credit quality.

Bain Capital Specialty Finance, Inc. Announces September 30, 2023 Financial Results and Declares Fourth Quarter 2023 Dividend of $0.42 per Share

Guidehouse Inc. said Monday it has agreed to be acquired by Bain Capital Private Equity in a deal that values the former U.S. public sector consulting arm of PriceWaterhouseCoopers at $5.3 billion. The seller is Veritas Capital, which acquired the business in 2018.

Bain Capital paying $5.3B for consulting firm Guidehouse in large, private M&A deal

An increase in total investment income on the back of higher interest rates is expected to have supported Bain Capital's (BCSF) Q3 earnings.

What's in the Cards for Bain Capital's (BCSF) Q3 Earnings?

BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”) today announced it will report its financial results for the third quarter ended September 30, 2023 on Monday, November 6, 2023 after market close. Management will host a conference call on Tuesday, November 7, 2023 at 8:30 a.m. Eastern Time to discuss the Company's financial results. Conference Call Information: A conference call to discuss the Company's financial results will be held live at 8:30 a.m. Ea.

Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Third Quarter Ended September 30, 2023

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