Bain Capital Specialty Finance, Inc. (BCSF) To Go Ex-Dividend on December 31st

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) declared a special dividend on Monday, December 22nd. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.15 per share on Monday, January 26th. The ex-dividend date is Wednesday, December 31st.

Bain Capital Specialty Finance has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 4 years. Bain Capital Specialty Finance has a payout ratio of 101.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Bain Capital Specialty Finance to earn $1.87 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 89.8%.

Bain Capital Specialty Finance Stock Up 0.8%

Shares of Bain Capital Specialty Finance stock opened at $13.93 on Monday. The stock has a market cap of $903.31 million, a price-to-earnings ratio of 9.67 and a beta of 0.61. The firm’s 50-day moving average is $14.08 and its two-hundred day moving average is $14.66. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.78 and a quick ratio of 1.78. Bain Capital Specialty Finance has a 1 year low of $13.20 and a 1 year high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $67.20 million during the quarter, compared to analysts’ expectations of $69.53 million. Bain Capital Specialty Finance had a return on equity of 11.03% and a net margin of 33.45%. As a group, research analysts expect that Bain Capital Specialty Finance will post 2.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bain Capital Specialty Finance

A number of institutional investors and hedge funds have recently modified their holdings of the company. GPS Wealth Strategies Group LLC raised its position in shares of Bain Capital Specialty Finance by 38.8% in the second quarter. GPS Wealth Strategies Group LLC now owns 2,682 shares of the company’s stock worth $40,000 after acquiring an additional 750 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Bain Capital Specialty Finance by 52.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,604 shares of the company’s stock valued at $54,000 after buying an additional 1,241 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in Bain Capital Specialty Finance in the 3rd quarter worth $55,000. BNP Paribas Financial Markets raised its position in shares of Bain Capital Specialty Finance by 352.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,069 shares of the company’s stock worth $58,000 after purchasing an additional 3,169 shares during the last quarter. Finally, Security National Bank purchased a new position in shares of Bain Capital Specialty Finance in the third quarter valued at approximately $66,000.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.