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

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Earnings data Q3 2023

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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.

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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.

Bain Capital Specialty Finance is a high-quality Business Development Company that trades at a discount to its net asset value. BCSF's portfolio is well-diversified across different industries and mainly focused on North America, with a weighted average portfolio yield at fair value of 13%. BCSF offers a 10% dividend yield and has a strong net investment income cushion, making it an attractive investment for high income seekers.

Bain Capital Specialty Finance: Opportunity To Get Shares At A Discount

BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. (NYSE: BCSF) today announced financial results for the first quarter ended March 31, 2024.

Bain Capital Specialty Finance, Inc. Announces March 31, 2024 Financial Results and Declares Second Quarter 2024 Dividend of $0.42 per Share

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.

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

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