Bain Capital Specialty Finance Inc Stock Price, News & Analysis

Bain Capital Specialty Finance, Inc. (BCSF) reported strong financial results for Q4 and full year 2022, highlighting a net investment income of $24.2 million and earnings per share of $0.67. For Q4, net asset value per share increased to $17.29, up from $16.98 in Q3. The company declared a dividend of $0.38 per share, marking a 6% increase and reflecting a 9% annualized yield on book value. Total investment income rose to $62.4 million, driven by higher interest rates. However, investment expenses also increased to $37.3 million, mainly due to higher incentive fees. BCSF's debt-to-equity ratio improved slightly to 1.14x from 1.20x.

Bain Capital Specialty Finance, Inc. (NYSE: BCSF) has received an investment grade rating of BBB with a stable outlook from Kroll Bond Rating Agency (KBRA). This rating reflects the company's well-diversified investment portfolio and funding mix, alongside Bain Capital Credit's 25 years of expertise in private debt markets. Michael Boyle, President of BCSF, emphasized the significance of this rating in strengthening their capital position. Since October 2016, BCSF has invested approximately $6.2 billion in debt and equity investments, focusing on generating current income and capital appreciation.

Bain Capital Specialty Finance, Inc. (NYSE: BCSF) will report its financial results for the fourth quarter and fiscal year ended December 31, 2022, on February 28, 2023, after market close. A conference call to discuss these results is scheduled for March 1, 2023, at 8:30 a.m. Eastern Time. The call will be accessible via a webcast link on the company's website, and participants can dial in using specified numbers. BCSF, managed by BCSF Advisors, L.P., focuses on middle-market lending and has invested approximately $6.2 billion since its inception on October 13, 2016.

Bain Capital Specialty Finance reported positive financial results for Q3 2022, with net investment income per share reaching $0.53, up from $0.41 in Q2 2022. Total investment income increased to $62.8 million, driven by rising interest rates affecting floating rate loans, while expenses rose to $28.7 million. The company declared a quarterly dividend of $0.36 per share, a 6% increase reflecting optimism about earnings power. Net asset value per share declined to $16.98 from $17.15. Total principal debt stood at $1.37 billion.

Bain Capital Specialty Finance, Inc. (NYSE: BCSF) will report its financial results for Q3 ended September 30, 2022 on November 9, 2022, after the market close. A conference call is scheduled for November 10, 2022, at 8:30 a.m. ET to discuss the results. BCSF has invested approximately $5.8 billion since its operations began on October 13, 2016, focusing on lending to middle-market companies.

Bain Capital Specialty Finance, Inc. (BCSF) reported financial results for Q2 2022, achieving net investment income per share of $0.41, up from $0.34 in Q1 2022. However, net income per share declined to $0.27 from $0.52. The total fair value of investments reached $2.287 billion, with net investment fundings of $149.5 million. The debt-to-equity ratio increased to 1.14x from 0.99x. A dividend of $0.34 per share was declared for Q3 2022, payable on October 28, 2022. The company retains one portfolio company on non-accrual status, impacting 1.4% of the total portfolio at fair value.

Bain Capital Specialty Finance, Inc. (NYSE: BCSF) will announce its financial results for Q2 2022 on August 3, 2022, after market close. A conference call is scheduled for August 4, 2022, at 8:30 a.m. Eastern Time to discuss these results. Participants can access the call via a provided link or by dialing domestic and international numbers. An archived replay will be available through August 11, 2022. Since October 2016, BCSF has invested approximately $5.3 billion in debt and equity investments, focusing on middle-market companies.

Bain Capital Specialty Finance reported Q1 2022 earnings with net investment income per share of $0.34, consistent with the previous quarter. Net income per share rose to $0.52 from $0.35 year-over-year. The net asset value per share improved to $17.22, up from $17.04. New investment fundings totaled $371 million, but net funded portfolio changed negatively by $150 million due to contributions to the new joint venture, Bain Capital Senior Loan Program. The company also declared a $0.34 dividend for Q2 2022 and received an investment grade rating of BBB- from Fitch Ratings.

Bain Capital Specialty Finance, Inc. (NYSE: BCSF) has received an investment grade rating of BBB- with a Stable outlook from Fitch Ratings. This rating reflects the company's robust portfolio, strong funding flexibility, and the support from Bain Capital Credit's platform. President Michael Boyle noted that this rating is expected to enhance the firm's access to capital markets and create opportunities for shareholder value enhancement. Since its inception on October 13, 2016, BCSF has invested approximately $5.1 billion in debt and equity investments.