Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
15 November 2018Next earnings report:
05 November 2024Last dividends:
30 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 21:52:53 GMTAnalysts recommendations
Institutional Ownership
BCSF Latest News
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 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.
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 is a top-tier Business Development Company that is currently trading below its net asset value. The company's portfolio is diversified across various industries, primarily in North America, with an average portfolio yield of 13%. BCSF provides a generous 10% dividend yield and has a solid net investment income buffer, making it an appealing option for investors seeking high income opportunities.
Here is how Bain Capital Specialty (BCSF) and AllianceBernstein (AB) have fared relative to their industry in the current year.
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.
Value investing can be partitioned into various categories, one of which is high-yield dividend investing. High-yield value investing allows investors to experience the best of both worlds by receiving optimal utility for money via income and value appreciation.
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 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 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.
What type of business is Bain Capital Specialty Finance?
Bain Capital Specialty Finance, Inc. is business development company specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt. It typically invests in companies with EBITDA between $10 million and $150 million.
What sector is Bain Capital Specialty Finance in?
Bain Capital Specialty Finance is in the Financial Services sector
What industry is Bain Capital Specialty Finance in?
Bain Capital Specialty Finance is in the Asset Management industry
What country is Bain Capital Specialty Finance from?
Bain Capital Specialty Finance is headquartered in United States
When did Bain Capital Specialty Finance go public?
Bain Capital Specialty Finance initial public offering (IPO) was on 15 November 2018
What is Bain Capital Specialty Finance website?
https://www.baincapitalspecialtyfinance.com
Is Bain Capital Specialty Finance in the S&P 500?
No, Bain Capital Specialty Finance is not included in the S&P 500 index
Is Bain Capital Specialty Finance in the NASDAQ 100?
No, Bain Capital Specialty Finance is not included in the NASDAQ 100 index
Is Bain Capital Specialty Finance in the Dow Jones?
No, Bain Capital Specialty Finance is not included in the Dow Jones index
When was Bain Capital Specialty Finance the previous earnings report?
No data
When does Bain Capital Specialty Finance earnings report?
The next expected earnings date for Bain Capital Specialty Finance is 05 November 2024