Bain Capital Specialty
BCSF
Market cap $1.09B

16.81 USD

+0.22

1.33%

At close Oct 4, 4:00 PM EDT

After hours

16.80

-0.01

0.06%

1 day

1.33%

5 days

0.60%

1 month

-0.06%

3 months

1.20%

6 months

7.34%

Year to date

11.10%

1 year

12.52%

5 years

-10.11%

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 6,728 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

110% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 30

86% more call options, than puts

Call options by funds: $492K | Put options by funds: $264K

33% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]

27% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 15

3% more funds holding

Funds holding: 137 [Q1] → 141 (+4) [Q2]

1% less capital invested

Capital invested by funds: $515M [Q1] → $511M (-$4.19M) [Q2]

2.28% less ownership

Funds ownership: 50.86% [Q1] → 48.59% (-2.28%) [Q2]

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$17

1%

upside

Avg. target

$17.33

3%

upside

High target

$18

7%

upside

3 analyst ratings

2 positive

67%

1 neutral

33%

0 negative

0%

Keefe, Bruyette & Woods Paul Johnson 100% 1-year accuracy 7 / 7 met price target	1%upside $17	Market Perform Maintained	21 Aug 2024
Wells Fargo Finian O'Shea 50% 1-year accuracy 12 / 24 met price target	1%upside $17	Overweight Maintained	8 Aug 2024
Wells Fargo Finian O'Shea 50% 1-year accuracy 12 / 24 met price target	7%upside $18	Overweight Maintained	26 Jul 2024

See Analyst Rankings

Financial journalist opinion

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.

Bain Capital Specialty Finance: Collect A 10.2% Yield On The Drop

Bain Capital Specialty Finance: The Discount To NAV Is Still Unjustified After Q2 Report

After Q2 2024 Bain Capital Specialty Finance (BCSF) remains a strong buy due to robust fundamentals and an unjustified ~7% discount to NAV. Q2 2024 earnings show solid base dividend coverage at 121% and a healthy portfolio with non-accruals at just 1.0%. Despite a drop in net investment activity, gross origination increased 55% YoY, signaling strong future transaction activity.

Bain Capital Specialty Finance: The Discount To NAV Is Still Unjustified After Q2 Report

BDC Weekly Review: Q2 Wrap-Up

We take a look at the action in business development companies through the fourth week of August and highlight some of the key themes we are watching. BDCs were up nearly 1% on the week, partly retracing the early August drop. Over Q2 sector net investment income and portfolio yield were flat or slightly lower while non-accruals rose.

BDC Weekly Review: Q2 Wrap-Up

BDC Weekly Review: PSEC Gets Bad Press

We take a look at the action in business development companies through the third week of August and highlight some of the key themes we are watching. BDCs delivered a 2% total return on the week, starting to climb out of the early August drawdown. A recent Bloomberg article on Prospect Capital focused on cash generation and preferred stock issuance.

BDC Weekly Review: PSEC Gets Bad Press

Why We Are Adding BDCs To Our Income Portfolios Right Now

Over the last couple of weeks we added a number of new BDC positions to our Income Portfolios despite a fairly expensive credit market backdrop. We discuss the reasons behind this and where we see value in the BDC space. Recent market hiccup has opened up attractive opportunities in the BDC sector, particularly in newly IPO'd companies with lower liquidity and awareness.

Why We Are Adding BDCs To Our Income Portfolios Right Now

24/7 Wall Street

Need $15,000 Extra Income? These Dividend Stocks May Be the Ticket

24/7 Wall Street Insights The current high interest environment has fueled the growth of the private credit market from $875 billion to over $1 trillion in a short time, with a projected $2.8 trillion market by 2027-28.

Need $15,000 Extra Income? These Dividend Stocks May Be the Ticket

Bain Capital Specialty Finance: Adding This 11.5%-Yielding BDC After Another Solid Quarter

We take a look at the Q2 results of the BDC Bain Capital Specialty Finance. BCSF is part of Bain Capital Credit's private credit umbrella and is overweight Defense, Tech, and Business Service sectors. BCSF trades at an 11.5% dividend yield and a 12% discount to book, with stable NAV and strong income dynamics.

Bain Capital Specialty Finance: Adding This 11.5%-Yielding BDC After Another Solid Quarter

BDC Weekly Review: Yield Myopia Ignores The Right Metrics

We take a look at the action in business development companies through the second week of August and highlight some of the key themes we are watching. BDCs underperformed with a total return of -2% due to poor quarterly results or dividend cuts. TriplePoint Venture Growth highlights the disconnect between dividend yield and total NAV return.

BDC Weekly Review: Yield Myopia Ignores The Right Metrics

Bain Capital Specialty Finance, Inc. Announces June 30, 2024 Financial Results and Declares Third Quarter 2024 Dividend of $0.42 per Share

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, Inc. Announces June 30, 2024 Financial Results and Declares Third Quarter 2024 Dividend of $0.42 per Share

Opportunities In Income Securities That Have Lagged The Rally

Income assets and financial markets have surged, with only local EM debt in the red year-to-date, due to dollar strength. Our countercyclical approach has led to the culling of high-flyers like BDC Gladstone Capital and the CEF Nuveen Preferred and Income Term Fund. We highlight opportunities in securities that have lagged the market across the CEF and BDC sectors.

Opportunities In Income Securities That Have Lagged The Rally

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