Bain Capital SpecialtyBCSF
BCSF
About: Bain Capital Specialty Finance Inc is an externally managed, closed-end, non-diversified management investment company. The company's objective is to provide risk-adjusted returns and current income to investors by investing predominantly in middle-market companies with between $10.0 million and $150.0 million in annual EBITDA. Its portfolio of investments includes, First Lien Senior Secured Loan, Preferred Equity, Equity Interest, and Second Lien Senior Secured Loan among others.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
559% more call options, than puts
Call options by funds: $2.28M | Put options by funds: $346K
74% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 31
3.2% less ownership
Funds ownership: 51.07% [Q2] → 47.87% (-3.2%) [Q3]
6% less capital invested
Capital invested by funds: $537M [Q2] → $504M (-$32.3M) [Q3]
7% less funds holding
Funds holding: 141 [Q2] → 131 (-10) [Q3]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]
43% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 23
Research analyst outlook
We haven’t received any recent analyst ratings for BCSF.
Financial journalist opinion
Based on 5 articles about BCSF published over the past 30 days
Neutral
Seeking Alpha
3 weeks ago
BDC Weekly Review: Key Q3 Earnings Trends
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs were flat this week in aggregate, outperforming other income sectors, with PSEC and TPVG bookending month-to-date returns. Q3 earnings reveal a slight decline in net investment income due to rate cuts, tight market spreads, and refinancing into higher coupon debt.
Positive
Seeking Alpha
3 weeks ago
Bain Capital Specialty Finance: Another Excellent Quarter For This 10.7% Yielding BDC
We take a look at the Q3 results of the BDC Bain Capital Specialty Finance. BCSF boasts strong performance and a cheap valuation, trading at a 10.6% dividend yield and 5% discount to book value. The company's ultra-low interest expense provides a competitive advantage for another 18 months, enhancing its yield spread above the sector median.
Positive
Seeking Alpha
3 weeks ago
Bain Capital Specialty Finance: New Investments Can Drive Growth
Bain Capital Specialty Finance (BCSF) remains a strong buy due to its low non-accrual rate, high dividend coverage, and strategic new investments, ensuring portfolio growth despite interest rate cuts. The portfolio is diverse with $2.4B spread across 159 companies, mitigating industry-specific risks. Financials are solid with net investment income at $0.53 per share, a growing NAV, and strategic investments primarily in senior secured first lien debt.
Neutral
Seeking Alpha
4 weeks ago
BDC Weekly Review: Key Q3 Earnings Trends
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs were flat this week in aggregate, outperforming other income sectors, with PSEC and TPVG book ending month-to-date returns. Q3 earnings reveal a slight decline in net investment income due to rate cuts, tight market spreads, and refinancing into higher coupon debt.
Neutral
Zacks Investment Research
4 weeks ago
2 SBIC & Commercial Finance Stocks to Buy Amid Industry Challenges
Weak asset quality is a near-term headwind for the Zacks SBIC & Commercial Finance industry. Yet, a rise in financing demand across sectors as rates come down will support companies like Kayne Anderson (KBDC) and Bain Capital (BCSF).
Positive
Seeking Alpha
1 month ago
Don't Miss Out On Bain Capital Specialty Finance
BCSF offers high yield and strong DPS coverage, supported by a defensive, first-lien debt-focused portfolio. Investors interested in the BDC space seeking reliable income sources shouldn't miss out on the opportunity for an outstanding distribution safety BCSF provides. BCSF's well-diversified portfolio spans 159 entities with a fair value of $2.4B, emphasizing first-lien debt for repayment priority.
Neutral
Seeking Alpha
1 month ago
Bain Capital Specialty Finance, Inc. (BCSF) Q3 2024 Earnings Call Transcript
Bain Capital Specialty Finance, Inc. (NYSE:BCSF ) Q3 2024 Earnings Conference Call November 6, 2024 9:30 AM ET Company Participants Katherine Schneider - Director, Investor Relations Michael Ewald - Chief Executive Officer Mike Boyle - President Amit Joshi - Chief Financial Officer Conference Call Participants Paul Johnson - KBW Derek Hewett - Bank of America Operator Good day, everyone, and welcome to today's Bain Capital Specialty Finance Third Quarter Ended September 30, 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Neutral
Business Wire
1 month ago
Bain Capital Specialty Finance, Inc. Announces September 30, 2024 Financial Results and Declares Fourth Quarter 2024 Dividend of $0.42 per Share
BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. Announces September 30, 2024 Financial Results and Declares Fourth Quarter 2024 Dividend of $0.42 per Share.
Neutral
Business Wire
2 months ago
Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Third Quarter Ended September 30, 2024
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.
Positive
Seeking Alpha
2 months ago
Bain Capital Specialty Finance: Collect A 10.2% Yield On The Drop
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.
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