Bain Capital Specialty Finance Key Executives
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Bain Capital Specialty Finance Earnings
This section highlights Bain Capital Specialty Finance's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-28 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-11-06 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-07 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-07 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-28 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-07 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-09 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-10 | N/A | N/A |
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.
$16.76
Stock Price
$1.08B
Market Cap
-
Employees
Boston, MA
Location
Financial Statements
Access annual & quarterly financial statements for Bain Capital Specialty Finance, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $223.19M | $297.79M | $116.51M | $124.06M | $13.91M |
| Cost of Revenue | $- | $61.55M | $54.24M | $49.56M | $36.34M |
| Gross Profit | $223.19M | $236.24M | $62.27M | $74.50M | $-22.43M |
| Gross Profit Ratio | 100.00% | 79.30% | 53.44% | 60.10% | -161.24% |
| Research and Development Expenses | $- | $- | $0 | $1 | $0 |
| General and Administrative Expenses | $13.60M | $11.26M | $9.44M | $8.62M | $8.75M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $13.60M | $11.26M | $9.44M | $8.62M | $8.75M |
| Other Expenses | $- | $- | $747.00K | $-4.50M | $-3.35M |
| Operating Expenses | $13.60M | $72.81M | $10.19M | $4.12M | $5.40M |
| Cost and Expenses | $13.60M | $72.81M | $10.19M | $4.12M | $5.40M |
| Interest Income | $222.24M | $228.55M | $166.27M | $167.34M | $182.97M |
| Interest Expense | $74.69M | $80.01M | $52.32M | $51.34M | $63.31M |
| Depreciation and Amortization | $- | $-224.98M | $79.62M | $14.27M | $95.76M |
| EBITDA | $- | $- | $157.73M | $- | $- |
| EBITDA Ratio | 0.00% | 0.00% | 136.16% | 96.68% | 61.18% |
| Operating Income | $209.59M | $224.98M | $158.63M | $119.94M | $8.51M |
| Operating Income Ratio | 93.91% | 75.55% | 136.16% | 96.68% | 61.18% |
| Total Other Income Expenses Net | $-85.70M | $-98.25M | $54.24M | $-21.23M | $- |
| Income Before Tax | $123.89M | $126.73M | $106.32M | $119.94M | $8.51M |
| Income Before Tax Ratio | 55.51% | 42.56% | 91.25% | 96.68% | 61.18% |
| Income Tax Expense | $4.47M | $3.36M | $837.00K | $134.00K | $232.00K |
| Net Income | $119.42M | $123.38M | $105.48M | $119.81M | $8.28M |
| Net Income Ratio | 53.50% | 41.43% | 90.54% | 96.57% | 59.51% |
| EPS | $1.85 | $1.91 | $1.63 | $1.86 | $0.14 |
| EPS Diluted | $1.85 | $1.91 | $1.63 | $1.86 | $0.14 |
| Weighted Average Shares Outstanding | 64.56M | 64.56M | 64.56M | 64.56M | 58.67M |
| Weighted Average Shares Outstanding Diluted | 64.56M | 64.56M | 64.56M | 64.56M | 58.67M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.11M | $56.90M | $67.10M | $78.41M | $95.00M | $37.67M | $32.39M | $32.29M | $47.21M | $14.30M | $19.33M | $35.67M | $26.48M | $28.10M | $37.32M | $32.16M | $38.79M | $53.51M | $23.67M | $-102.05M |
| Cost of Revenue | $- | $15.92M | $16.69M | $18.05M | $16.26M | $-13.68M | $13.12M | $20.02M | $18.21M | $11.83M | $12.52M | $11.68M | $13.52M | $13.31M | $9.42M | $13.31M | $- | $- | $- | $- |
| Gross Profit | $27.11M | $40.98M | $50.41M | $60.36M | $78.75M | $51.35M | $19.27M | $12.27M | $29.00M | $2.47M | $6.81M | $23.99M | $12.97M | $14.79M | $27.89M | $18.85M | $38.79M | $53.51M | $23.67M | $-102.05M |
| Gross Profit Ratio | 100.00% | 72.00% | 75.10% | 77.00% | 82.90% | 136.30% | 59.50% | 38.00% | 61.40% | 17.30% | 35.20% | 67.30% | 49.00% | 52.60% | 74.70% | 58.60% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $3.70M | $3.32M | $3.68M | $3.42M | $3.54M | $3.18M | $2.12M | $2.41M | $2.85M | $2.50M | $2.10M | $1.99M | $1.76M | $2.21M | $2.13M | $2.52M | $2.41M | $2.05M | $1.90M | $2.39M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $3.70M | $3.32M | $3.68M | $3.42M | $3.54M | $3.18M | $2.12M | $2.41M | $2.85M | $2.50M | $2.10M | $1.99M | $1.76M | $2.21M | $2.13M | $2.52M | $2.41M | $2.05M | $1.90M | $2.39M |
| Other Expenses | $23.41M | $- | $- | $-6.00M | $-27.94M | $47.08M | $-11.44M | $8.20M | $2.00K | $745.00K | $-12.14M | $- | $2.31M | $2.55M | $-7.24M | $-2.11M | $-3.35M | $- | $- | $- |
| Operating Expenses | $27.11M | $3.32M | $3.68M | $6.00M | $27.94M | $3.18M | $2.12M | $2.41M | $2.86M | $3.25M | $2.10M | $1.99M | $4.07M | $4.76M | $-5.12M | $407.00K | $-942.00K | $2.05M | $1.90M | $2.39M |
| Cost and Expenses | $27.11M | $3.32M | $18.96M | $24.05M | $44.20M | $2.99M | $1.94M | $2.24M | $2.86M | $3.25M | $2.10M | $1.99M | $4.07M | $4.76M | $-5.12M | $407.00K | $-942.00K | $2.05M | $1.90M | $2.39M |
| Interest Income | $56.12M | $55.42M | $55.11M | $55.59M | $56.27M | $57.23M | $58.19M | $56.86M | $48.54M | $43.82M | $35.88M | $38.03M | $42.36M | $43.26M | $39.76M | $44.34M | $45.12M | $44.33M | $44.88M | $48.64M |
| Interest Expense | $20.88M | $18.12M | $17.63M | $18.06M | $19.22M | $20.77M | $20.46M | $19.55M | $16.27M | $14.38M | $11.03M | $10.64M | $14.23M | $12.27M | $13.02M | $11.83M | $13.70M | $14.43M | $17.31M | $17.88M |
| Depreciation and Amortization | $- | $533.00K | $-51.90M | $-53.03M | $-55.15M | $-57.06M | $-60.47M | $-52.30M | $-41.30M | $-44.48M | $-37.74M | $-32.35M | $-36.25M | $-34.03M | $-34.94M | $-34.00M | $-35.78M | $-35.88M | $-37.33M | $-40.38M |
| EBITDA | $- | $51.70M | $- | $- | $- | $-840.00K | $-9.55M | $-2.43M | $- | $-15.73M | $-10.60M | $12.12M | $- | $- | $- | $- | $- | $15.40M | $- | $-144.20M |
| EBITDA Ratio | 0.00% | 90.88% | 71.74% | 69.33% | 53.48% | 96.33% | 123.52% | 161.96% | 126.63% | 177.87% | 146.17% | 124.28% | 137.85% | 126.72% | 148.59% | 135.53% | 137.14% | 123.13% | 165.12% | 84.83% |
| Operating Income | $- | $51.17M | $48.14M | $54.36M | $50.80M | $36.29M | $40.01M | $49.43M | $60.62M | $25.43M | $28.26M | $44.32M | $36.64M | $35.61M | $55.45M | $43.59M | $53.19M | $65.88M | $39.08M | $-86.57M |
| Operating Income Ratio | 0.00% | 89.94% | 71.74% | 69.33% | 53.48% | 96.33% | 123.52% | 153.06% | 128.41% | 177.87% | 146.17% | 124.28% | 138.35% | 126.72% | 148.59% | 135.53% | 137.14% | 123.13% | 165.12% | 84.83% |
| Total Other Income Expenses Net | $23.41M | $-17.05M | $-21.66M | $-16.91M | $28.25M | $-22.57M | $-30.20M | $-22.42M | $3.06M | $-33.43M | $-20.51M | $1.33M | $-13.84M | $-10.68M | $7.49M | $-2.25M | $3.95M | $15.57M | $-15.56M | $-87.19M |
| Income Before Tax | $23.41M | $34.12M | $30.24M | $36.12M | $32.09M | $34.50M | $30.27M | $29.88M | $44.36M | $11.05M | $17.23M | $33.68M | $22.41M | $23.34M | $42.43M | $31.75M | $39.73M | $51.46M | $21.77M | $-104.45M |
| Income Before Tax Ratio | 86.35% | 59.97% | 45.07% | 46.07% | 33.78% | 91.57% | 93.45% | 92.52% | 93.95% | 77.29% | 89.13% | 94.43% | 84.63% | 83.07% | 113.71% | 98.73% | 102.43% | 96.17% | 91.98% | 102.35% |
| Income Tax Expense | $1.27M | $1.02M | $1.15M | $1.02M | $1.02M | $640.00K | $1.10M | $595.00K | $837.00K | $48.48M | $37.74M | $32.35M | $134.00K | $34.03M | $34.94M | $34.00M | $232.00K | $35.88M | $37.33M | $40.38M |
| Net Income | $22.14M | $33.10M | $29.09M | $35.09M | $31.06M | $33.86M | $29.17M | $29.29M | $43.52M | $11.05M | $17.23M | $33.68M | $22.28M | $23.34M | $42.43M | $31.75M | $39.50M | $51.46M | $21.77M | $-104.45M |
| Net Income Ratio | 81.64% | 58.17% | 43.35% | 44.76% | 32.70% | 89.87% | 90.06% | 90.68% | 92.18% | 77.29% | 89.13% | 94.43% | 84.12% | 83.07% | 113.71% | 98.73% | 101.83% | 96.17% | 91.98% | 102.35% |
| EPS | $0.34 | $0.51 | $0.45 | $0.54 | $0.48 | $0.52 | $0.45 | $0.45 | $0.67 | $0.17 | $0.27 | $0.52 | $0.35 | $0.36 | $0.66 | $0.49 | $0.61 | $0.80 | $0.40 | $-2.02 |
| EPS Diluted | $0.34 | $0.51 | $0.45 | $0.54 | $0.48 | $0.52 | $0.45 | $0.45 | $0.67 | $0.17 | $0.27 | $0.52 | $0.35 | $0.36 | $0.66 | $0.49 | $0.61 | $0.80 | $0.40 | $-1.99 |
| Weighted Average Shares Outstanding | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 53.78M | 51.65M |
| Weighted Average Shares Outstanding Diluted | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 64.56M | 53.78M | 52.38M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $97.10M | $49.40M | $59.78M | $117.42M | $54.68M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $97.10M | $49.40M | $59.78M | $117.42M | $54.68M |
| Net Receivables | $39.16M | $41.48M | $66.12M | $68.00M | $29.24M |
| Inventory | $- | $- | $178.17M | $253.18M | $103.35M |
| Other Current Assets | $197.00K | $210.00K | $75.82M | $193.00K | $- |
| Total Current Assets | $136.27M | $91.09M | $125.90M | $185.42M | $83.91M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $2.44B | $2.30B | $2.39B | $2.29B | $2.48B |
| Tax Assets | $- | $- | $2.59B | $2.57B | $2.60B |
| Other Non-Current Assets | $-2.44B | $2.80M | $-2.59B | $-2.57B | $-2.60B |
| Total Non-Current Assets | $2.44B | $2.30B | $2.39B | $2.29B | $2.48B |
| Other Assets | $60.01M | $80.11M | $79.50M | $91.34M | $35.09M |
| Total Assets | $2.63B | $2.47B | $2.59B | $2.57B | $2.60B |
| Account Payables | $87.17M | $20.63M | $19.02M | $13.68M | $14.25M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-1.31B | $-1.37B | $-1.41B |
| Other Current Liabilities | $-87.17M | $29.94M | $-19.02M | $-13.68M | $-14.25M |
| Total Current Liabilities | $101.03M | $50.57M | $72.62M | $42.69M | $44.43M |
| Long Term Debt | $- | $1.26B | $1.39B | $1.41B | $1.46B |
| Deferred Revenue Non-Current | $- | $- | $1.48B | $1.47B | $1.54B |
| Deferred Tax Liabilities Non-Current | $- | $- | $-1.48B | $-56.20M | $-77.13M |
| Other Non-Current Liabilities | $- | $- | $-1.39B | $-1.41B | $-1.46B |
| Total Non-Current Liabilities | $- | $1.26B | $72.62M | $1.41B | $1.46B |
| Other Liabilities | $1.49B | $29.38M | $1.33B | $13.52M | $32.70M |
| Total Liabilities | $1.49B | $1.34B | $1.48B | $1.47B | $1.54B |
| Preferred Stock | $- | $- | $- | $- | $0 |
| Common Stock | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K |
| Retained Earnings | $-19.89M | $-31.98M | $-52.06M | $-68.44M | $-98.51M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $0 | $0 | $-0 |
| Other Total Stockholders Equity | $1.16B | $1.17B | $1.17B | $1.17B | $1.17B |
| Total Stockholders Equity | $1.14B | $1.14B | $1.12B | $1.10B | $1.07B |
| Total Equity | $1.14B | $1.14B | $2.38B | $2.31B | $2.44B |
| Total Liabilities and Stockholders Equity | $2.63B | $2.47B | $2.59B | $2.57B | $2.60B |
| Minority Interest | $- | $- | $1.26B | $1.21B | $1.38B |
| Total Liabilities and Total Equity | $2.63B | $2.47B | $2.59B | $2.57B | $2.60B |
| Total Investments | $2.44B | $2.30B | $2.39B | $2.29B | $2.48B |
| Total Debt | $- | $1.26B | $1.39B | $1.41B | $1.46B |
| Net Debt | $-97.10M | $1.21B | $1.33B | $1.30B | $1.40B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $53.52M | $30.46M | $98.13M | $122.50M | $112.48M | $79.50M | $92.34M | $29.64M | $59.78M | $44.17M | $43.02M | $80.81M | $117.42M | $35.11M | $31.58M | $37.66M | $54.68M | $45.03M | $76.67M | $55.76M |
| Short Term Investments | $- | $24.17M | $-651.00K | $- | $- | $11.62M | $-58.24M | $-6.57M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $53.52M | $54.63M | $98.13M | $122.50M | $112.48M | $91.12M | $34.09M | $23.07M | $59.78M | $44.17M | $43.02M | $80.81M | $117.42M | $35.11M | $31.58M | $37.66M | $54.68M | $45.03M | $76.67M | $55.76M |
| Net Receivables | $82.67M | $34.52M | $65.82M | $39.37M | $41.48M | $49.51M | $150.05M | $100.41M | $66.12M | $147.49M | $52.47M | $31.48M | $68.00M | $39.21M | $35.79M | $35.96M | $29.24M | $30.44M | $22.90M | $28.16M |
| Inventory | $- | $- | $1 | $1 | $- | $1 | $1 | $95.39M | $178.17M | $1 | $1 | $1 | $253.18M | $1 | $112.69M | $1 | $-31.96M | $-82.52M | $1 | $-32.00M |
| Other Current Assets | $-82.67M | $383.00K | $75.85M | $84.03M | $71.12M | $408.00K | $605.00K | $57.43M | $76.01M | $376.00K | $559.00K | $15.00K | $193.00K | $376.00K | $558.00K | $- | $- | $- | $- | $- |
| Total Current Assets | $53.52M | $89.15M | $172.24M | $150.34M | $171.20M | $124.52M | $38.68M | $55.09M | $125.90M | $191.66M | $95.48M | $112.28M | $185.42M | $74.32M | $67.36M | $73.62M | $83.91M | $75.47M | $99.56M | $83.92M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $2.44B | $2.41B | $2.24B | $2.41B | $2.31B | $2.40B | $2.39B | $2.42B | $2.39B | $2.31B | $2.30B | $2.16B | $2.29B | $2.36B | $2.32B | $2.34B | $2.48B | $2.46B | $2.48B | $2.50B |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-2.44B | $-2.41B | $4.47M | $3.32M | $-2.31B | $-2.40B | $-2.39B | $-2.42B | $-2.39B | $-2.31B | $-2.30B | $-2.16B | $-2.29B | $-2.36B | $-2.32B | $-2.34B | $-2.48B | $-2.46B | $-2.48B | $-2.50B |
| Total Non-Current Assets | $2.58B | $2.41B | $2.24B | $2.42B | $2.30B | $2.40B | $2.39B | $2.42B | $2.39B | $2.31B | $2.30B | $2.16B | $2.29B | $2.36B | $2.32B | $2.34B | $2.48B | $2.46B | $2.48B | $2.50B |
| Other Assets | $2.63B | $46.58M | $- | $11.53M | $- | $45.91M | $251.38M | $134.78M | $79.50M | $23.31M | $28.43M | $36.70M | $91.34M | $63.61M | $62.39M | $81.08M | $35.09M | $85.99M | $31.40M | $22.99M |
| Total Assets | $2.63B | $2.54B | $2.41B | $2.58B | $2.47B | $2.57B | $2.68B | $2.61B | $2.59B | $2.52B | $2.43B | $2.31B | $2.57B | $2.50B | $2.45B | $2.49B | $2.60B | $2.62B | $2.61B | $2.60B |
| Account Payables | $87.17M | $74.02M | $80.16M | $60.03M | $61.43M | $51.53M | $45.57M | $56.45M | $72.62M | $53.89M | $59.48M | $96.53M | $42.69M | $39.49M | $33.54M | $39.39M | $44.43M | $39.26M | $36.83M | $35.69M |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-87.17M | $-74.02M | $18.20M | $-60.03M | $-61.43M | $-51.53M | $-45.57M | $-56.45M | $-72.62M | $-53.89M | $-59.48M | $-96.53M | $-42.69M | $-39.49M | $-33.54M | $-39.39M | $-44.43M | $-39.26M | $-36.83M | $-35.69M |
| Total Current Liabilities | $- | $89.94M | $98.36M | $60.03M | $61.43M | $51.53M | $45.57M | $56.45M | $72.62M | $53.89M | $59.48M | $96.53M | $42.69M | $39.49M | $33.54M | $39.39M | $44.43M | $39.26M | $36.83M | $35.69M |
| Long Term Debt | $- | $- | $1.17B | $1.36B | $1.26B | $1.37B | $1.49B | $1.41B | $1.39B | $1.36B | $1.24B | $1.09B | $1.41B | $1.35B | $1.31B | $1.34B | $1.46B | $1.51B | $1.54B | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $-1.36B | $-1.26B | $-1.37B | $-1.49B | $-1.41B | $-1.39B | $-1.36B | $-1.24B | $-1.09B | $-1.41B | $-1.35B | $-1.31B | $-1.34B | $-1.46B | $-1.51B | $-1.54B | $- |
| Total Non-Current Liabilities | $- | $- | $1.17B | $1.44B | $1.34B | $1.37B | $1.49B | $56.45M | $72.62M | $53.89M | $59.48M | $96.53M | $42.69M | $39.49M | $33.54M | $39.39M | $44.43M | $39.26M | $36.83M | $35.69M |
| Other Liabilities | $1.49B | $1.40B | $- | $-60.03M | $-61.43M | $12.15M | $14.43M | $1.37B | $1.33B | $1.32B | $1.20B | $1.01B | $1.39B | $1.32B | $1.28B | $1.33B | $1.45B | $1.49B | $1.52B | $1.64B |
| Total Liabilities | $1.49B | $1.40B | $1.27B | $1.44B | $1.34B | $1.43B | $1.55B | $1.49B | $1.48B | $1.43B | $1.32B | $1.20B | $1.47B | $1.40B | $1.35B | $1.41B | $1.54B | $1.57B | $1.59B | $1.71B |
| Preferred Stock | $- | $- | $- | $- | $0 | $- | $- | $- | $- | $- | $0 | $- | $- | $- | $- | $- | $0 | $- | $- | $- |
| Common Stock | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K | $65.00K | $52.00K |
| Retained Earnings | $-19.89M | $-18.67M | $-22.71M | $-22.75M | $-31.98M | $-35.93M | $-42.67M | $-47.31M | $-52.06M | $-72.33M | $-61.44M | $-56.71M | $-68.44M | $-66.84M | $-68.23M | $-88.71M | $-98.51M | $-116.29M | $-145.80M | $-145.62M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-0 | $-0 | $-0 | $-0 | $-0 | $-0 | $0 | $-0 | $-0 | $0 | $0 | $0 | $-0 | $0 | $-0 | $0 | $-0 | $-0 |
| Other Total Stockholders Equity | $1.16B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.04B |
| Total Stockholders Equity | $1.14B | $1.15B | $1.14B | $1.14B | $1.14B | $1.13B | $1.13B | $1.12B | $1.12B | $1.10B | $1.11B | $1.11B | $1.10B | $1.10B | $1.10B | $1.08B | $1.07B | $1.05B | $1.02B | $892.78M |
| Total Equity | $1.14B | $1.15B | $1.14B | $1.14B | $1.14B | $1.13B | $1.15B | $1.14B | $1.12B | $1.10B | $1.11B | $1.11B | $1.10B | $1.10B | $1.10B | $1.08B | $1.07B | $1.05B | $1.02B | $892.78M |
| Total Liabilities and Stockholders Equity | $2.63B | $2.54B | $2.41B | $2.58B | $2.47B | $2.57B | $2.68B | $2.61B | $2.59B | $2.52B | $2.43B | $2.31B | $2.57B | $2.50B | $2.45B | $2.49B | $2.60B | $2.62B | $2.61B | $2.60B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $21.65M | $22.35M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.63B | $2.54B | $2.41B | $2.58B | $2.47B | $2.57B | $2.68B | $2.61B | $2.59B | $2.52B | $2.43B | $2.31B | $2.57B | $2.50B | $2.45B | $2.49B | $2.60B | $2.62B | $2.61B | $2.60B |
| Total Investments | $2.44B | $2.41B | $2.24B | $2.41B | $2.31B | $2.40B | $2.39B | $2.42B | $2.39B | $2.31B | $2.30B | $2.16B | $2.29B | $2.36B | $2.32B | $2.34B | $2.48B | $2.46B | $2.48B | $2.50B |
| Total Debt | $- | $1.30B | $1.17B | $1.36B | $1.26B | $1.37B | $1.49B | $1.41B | $1.39B | $1.36B | $1.24B | $1.09B | $1.41B | $1.35B | $1.31B | $1.34B | $1.46B | $1.51B | $1.54B | $1.65B |
| Net Debt | $-53.52M | $-30.46M | $1.08B | $1.24B | $1.14B | $1.29B | $1.40B | $1.38B | $1.33B | $1.32B | $1.20B | $1.01B | $1.30B | $1.31B | $1.27B | $1.30B | $1.40B | $1.47B | $1.47B | $1.60B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $- | $123.38M | $105.48M | $119.81M | $8.28M |
| Depreciation and Amortization | $- | $- | $- | $-33.61M | $16.49M |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $2.92M | $9.26M | $-8.35M | $-9.53M | $-13.14M |
| Accounts Receivables | $1.68M | $1.36M | $-10.29M | $-14.36M | $134.00K |
| Inventory | $- | $- | $- | $14.36M | $-134.00K |
| Accounts Payables | $- | $4.76M | $3.66M | $636.00K | $996.00K |
| Other Working Capital | $1.24M | $3.14M | $-1.73M | $-10.16M | $-14.13M |
| Other Non Cash Items | $-30.01M | $86.63M | $-413.96M | $188.88M | $77.78M |
| Net Cash Provided by Operating Activities | $-27.10M | $219.26M | $-316.83M | $265.55M | $89.42M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $-1.63B | $-844.25M | $-1.42B | $-1.18B | $-516.23M |
| Sales Maturities of Investments | $1.49B | $937.65M | $988.08M | $1.40B | $538.49M |
| Other Investing Activities | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $-431.04M | $221.82M | $22.26M |
| Debt Repayment | $- | $-132.00M | $330.50M | $-50.83M | $-113.54M |
| Common Stock Issued | $- | $- | $- | $- | $131.92M |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-3.67M | $-99.43M | $-87.80M | $-87.81M | $-86.25M |
| Other Financing Activities | $17.92M | $- | $-4.37M | $-1 | $-8.64M |
| Net Cash Used Provided by Financing Activities | $14.25M | $-231.43M | $238.33M | $-138.63M | $-76.52M |
| Effect of Forex Changes on Cash | $-571.00K | $-1.08M | $649.00K | $-5.04M | $-45.00K |
| Net Change in Cash | $-13.42M | $-13.25M | $-77.85M | $121.88M | $12.86M |
| Cash at End of Period | $99.07M | $112.48M | $125.73M | $203.58M | $81.70M |
| Cash at Beginning of Period | $112.48M | $125.73M | $203.58M | $81.70M | $68.85M |
| Operating Cash Flow | $-27.10M | $219.26M | $-316.83M | $265.55M | $89.42M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $-27.10M | $219.26M | $-316.83M | $265.55M | $89.42M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $22.14M | $-64.19M | $29.09M | $35.09M | $31.06M | $33.86M | $29.17M | $29.29M | $43.52M | $11.05M | $17.23M | $33.68M | $22.28M | $23.34M | $42.43M | $31.75M | $39.50M | $51.46M | $21.77M | $-104.45M |
| Depreciation and Amortization | $- | $- | $161.00K | $-576.00K | $3.46M | $163.00K | $162.00K | $-5.54M | $- | $65.00K | $65.00K | $-9.33M | $- | $- | $- | $2.54M | $- | $- | $- | $-14.42M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-2.73M | $-6.47M | $-3.21M | $9.69M | $10.47M | $2.63M | $-10.59M | $6.76M | $-7.29M | $-3.84M | $-7.23M | $10.01M | $-1.35M | $386.00K | $-12.33M | $3.76M | $-325.00K | $-7.44M | $-16.18M | $10.81M |
| Accounts Receivables | $-1.72M | $-4.94M | $-4.66M | $9.60M | $103.00K | $7.47M | $-4.43M | $-1.78M | $-9.63M | $282.00K | $-11.34M | $10.40M | $-2.31M | $-3.42M | $-6.97M | $-1.66M | $2.50M | $-5.38M | $-2.87M | $5.88M |
| Inventory | $- | $- | $- | $- | $-8.54M | $- | $- | $8.54M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $1.86M | $1.60M | $1.47M | $7.46M | $351.00K | $-4.73M | $-120.00K | $5.03M | $212.00K | $1.81M | $-1.55M | $436.00K | $4.82M | $-5.15M | $734.00K | $- | $- | $- | $567.00K |
| Other Working Capital | $-1.01M | $-3.40M | $-161.00K | $-1.38M | $2.91M | $-5.20M | $-1.43M | $120.00K | $-2.69M | $-4.34M | $2.30M | $11.56M | $519.00K | $-1.01M | $-210.00K | $3.03M | $-3.69M | $-860.00K | $-14.08M | $10.25M |
| Other Non Cash Items | $-39.39M | $-11.22M | $7.16M | $-11.06M | $-16.82M | $85.66M | $-27.52M | $-73.46M | $26.83M | $-106.97M | $-188.50M | $-136.11M | $48.17M | $-33.49M | $1.30M | $136.76M | $-3.36M | $28.79M | $26.60M | $56.66M |
| Net Cash Provided by Operating Activities | $-19.98M | $-81.88M | $29.98M | $44.79M | $24.71M | $122.31M | $-8.77M | $-42.96M | $63.05M | $-99.69M | $-178.44M | $-101.75M | $69.10M | $-9.77M | $31.41M | $174.81M | $35.81M | $72.81M | $32.19M | $-51.39M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-404.43M | $-288.19M | $-405.22M | $-182.29M | $-111.28M | $-219.20M | $-327.24M | $-206.26M | $-444.71M | $-522.44M | $-241.81M | $-291.87M | $-282.94M | $-348.82M | $-262.10M | $- | $- | $- | $-275.88M |
| Sales Maturities of Investments | $- | $254.15M | $450.64M | $296.74M | $306.26M | $195.91M | $182.59M | $252.88M | $256.72M | $297.17M | $322.67M | $111.52M | $340.18M | $253.71M | $389.53M | $415.74M | $- | $- | $- | $190.56M |
| Other Investing Activities | $- | $- | $- | $- | $72.02M | $-61.29M | $-10.73M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $-150.28M | $162.45M | $-108.48M | $123.97M | $23.34M | $-47.34M | $-74.36M | $50.46M | $-147.54M | $-199.76M | $-130.28M | $48.31M | $-29.23M | $40.71M | $153.63M | $- | $- | $- | $-85.31M |
| Debt Repayment | $89.00M | $- | $-184.30M | $101.00M | $-115.00M | $-120.00M | $81.00M | $22.00M | $25.00M | $112.75M | $153.75M | $39.00M | $74.02M | $37.03M | $-36.55M | $-111.27M | $-55.90M | $-28.75M | $-109.23M | $80.34M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-29.05M | $-29.05M | $-29.05M | $-27.12M | $-27.12M | $-24.53M | $-24.53M | $-23.24M | $-21.95M | $-21.95M | $-21.95M | $-21.95M | $-21.95M | $-21.95M | $-21.95M | $-21.95M | $-21.95M | $-21.95M | $-21.18M | $-21.18M |
| Other Financing Activities | $- | $126.00M | $-3.17M | $- | $- | $- | $- | $- | $-263.00K | $-1.92M | $- | $-2.19M | $-8.40M | $- | $- | $-5.66M | $-697.00K | $-1.26M | $126.48M | $-1.25M |
| Net Cash Used Provided by Financing Activities | $59.95M | $96.95M | $-216.53M | $73.88M | $-142.12M | $-144.53M | $56.47M | $-1.24M | $2.79M | $88.88M | $131.80M | $14.86M | $43.67M | $15.08M | $-58.50M | $-138.88M | $-78.55M | $-51.96M | $-3.92M | $57.91M |
| Effect of Forex Changes on Cash | $-650.00K | $533.00K | $-269.00K | $-185.00K | $508.00K | $-952.00K | $-194.00K | $-446.00K | $1.06M | $713.00K | $728.00K | $-1.85M | $-2.10M | $-1.13M | $1.42M | $-3.23M | $514.00K | $177.00K | $161.00K | $-897.00K |
| Net Change in Cash | $39.31M | $-38.37M | $-24.37M | $10.01M | $7.08M | $-23.18M | $47.50M | $-44.65M | $66.90M | $-10.10M | $-45.91M | $-88.74M | $110.67M | $4.19M | $-25.67M | $32.69M | $-42.22M | $21.02M | $28.43M | $5.62M |
| Cash at End of Period | $99.07M | $59.75M | $98.13M | $122.50M | $112.48M | $105.41M | $128.58M | $81.08M | $125.73M | $58.83M | $68.93M | $114.84M | $203.58M | $92.91M | $88.72M | $114.39M | $81.70M | $123.92M | $102.90M | $74.47M |
| Cash at Beginning of Period | $59.75M | $98.13M | $122.50M | $112.48M | $105.41M | $128.58M | $81.08M | $125.73M | $58.83M | $68.93M | $114.84M | $203.58M | $92.91M | $88.72M | $114.39M | $81.70M | $123.92M | $102.90M | $74.47M | $68.85M |
| Operating Cash Flow | $-19.98M | $-81.88M | $29.98M | $44.79M | $24.71M | $122.31M | $-8.77M | $-42.96M | $63.05M | $-99.69M | $-178.44M | $-101.75M | $69.10M | $-9.77M | $31.41M | $174.81M | $35.81M | $72.81M | $32.19M | $-51.39M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $-19.98M | $-81.88M | $29.98M | $44.79M | $24.71M | $122.31M | $-8.77M | $-42.96M | $63.05M | $-99.69M | $-178.44M | $-101.75M | $69.10M | $-9.77M | $31.41M | $174.81M | $35.81M | $72.81M | $32.19M | $-51.39M |
Bain Capital Specialty Finance Dividends
Explore Bain Capital Specialty Finance's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
0.32%
Dividend Payout Ratio
3.07%
Dividend Paid & Capex Coverage Ratio
-7.38x
Bain Capital Specialty Finance Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.03 | $0.03 | December 16, 2025 | December 16, 2025 | December 30, 2025 | |
| $0.03 | $0.03 | September 16, 2025 | September 16, 2025 | September 30, 2025 | |
| $0.03 | $0.03 | June 16, 2025 | June 16, 2025 | June 30, 2025 | February 27, 2025 |
| $0.45 | $0.45 | March 17, 2025 | March 17, 2025 | March 31, 2025 | February 27, 2025 |
| $0.45 | $0.45 | December 31, 2024 | December 31, 2024 | January 31, 2025 | May 06, 2024 |
| $0.45 | $0.45 | September 30, 2024 | September 30, 2024 | October 31, 2024 | May 09, 2024 |
| $0.45 | $0.45 | June 28, 2024 | June 28, 2024 | July 29, 2024 | May 06, 2024 |
| $0.45 | $0.45 | March 27, 2024 | March 28, 2024 | April 30, 2024 | February 27, 2024 |
| $0.42 | $0.42 | December 28, 2023 | December 29, 2023 | January 31, 2024 | November 06, 2023 |
| $0.42 | $0.42 | September 28, 2023 | September 29, 2023 | October 31, 2023 | August 08, 2023 |
| $0.38 | $0.38 | June 29, 2023 | June 30, 2023 | July 31, 2023 | May 09, 2023 |
| $0.38 | $0.38 | March 30, 2023 | March 31, 2023 | April 28, 2023 | February 28, 2023 |
| $0.36 | $0.36 | December 29, 2022 | December 31, 2022 | January 27, 2023 | November 09, 2022 |
| $0.34 | $0.34 | September 29, 2022 | September 30, 2022 | October 28, 2022 | August 03, 2022 |
| $0.34 | $0.34 | June 29, 2022 | June 30, 2022 | July 29, 2022 | May 05, 2022 |
| $0.34 | $0.34 | March 30, 2022 | March 31, 2022 | April 29, 2022 | February 23, 2022 |
| $0.34 | $0.34 | December 30, 2021 | December 31, 2021 | January 28, 2022 | November 03, 2021 |
| $0.34 | $0.34 | September 29, 2021 | September 30, 2021 | October 29, 2021 | August 04, 2021 |
| $0.34 | $0.34 | June 29, 2021 | June 30, 2021 | July 30, 2021 | May 05, 2021 |
| $0.34 | $0.34 | March 30, 2021 | March 31, 2021 | April 30, 2021 | February 24, 2021 |
Bain Capital Specialty Finance News
Read the latest news about Bain Capital Specialty Finance, including recent articles, headlines, and updates.
Bain Capital Specialty Finance: An Unusually Sub-Par Quarter But Positive Catalysts Ahead
BCSF delivered a 1.8% total NAV return in Q4 and an 11.2% return for the year. Despite a slight drop in net investment income, BCSF maintains high dividend coverage with a low interest expense supporting income. Portfolio quality remains strong with low non-accruals and improved internal ratings, though Q4 saw a net realized loss due to a second-lien hospitality loan.
Bain Capital Specialty Finance: I'm Buying The Dip
BCSF is a top BDC with a first-lien-focused portfolio, low accruals, and strong diversification, but remains underfollowed. BCSF's stock price has dropped ~13%, making it an attractive entry point given its robust value proposition. Despite a potentially decreasing interest rate environment, BCSF's dividends are well-covered, with a current regular coverage rate of 118%.
Bain Capital Specialty Finance: Q4 Results Show NAV Growth & Strong Dividend Coverage
Bain Capital Specialty Finance operates as a business development company that continues to demonstrate high-quality characteristics. The portfolio's diversity and 84% first lien structure provide a defensive measure, ensuring high repayment priority and reducing capital loss risk. Despite a slight premium to NAV, BCSF remains attractive due to strong earnings, low non-accruals, and potential for continued growth and NAV improvement.
Bain Capital Specialty Finance, Inc. (BCSF) Q4 2024 Earnings Call Transcript
Bain Capital Specialty Finance, Inc. (NYSE:BCSF ) Q4 2024 Earnings Conference Call February 28, 2025 8:00 AM ET Company Participants Katherine Schneider - Managing Director-Investor Relations Michael Ewald - Chief Executive Officer Mike Boyle - President Amit Joshi - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Operator Good day, everyone and welcome to the Bain Capital Specialty Finance Fourth Quarter and Fiscal Year Ended December 31, 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Bain Capital Specialty Finance, Inc. Announces December 31, 2024 Financial Results and Declares First Quarter 2025 Dividend of $0.42 per Share and Additional Dividends Totaling $0.12 per Share for 2025
BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) today announced financial results for the fourth quarter and fiscal year ended December 31, 2024, and that its Board of Directors (the “Board”) has declared a dividend of $0.42 per share for the first quarter of 2025 and has also declared additional dividends totaling $0.12 per share for 2025. “BCSF delivered strong quarterly and full year 2024 results as we continued to benefit from high ne.
Bain Capital Specialty Finance: An Overlooked Near 10% Yielding BDC Firing On All Cylinders
Bain Capital Specialty Finance has shown strong performance with impressive earnings, solid portfolio quality, and effective management, making it a compelling buy for income-oriented investors. BCSF's portfolio growth and low non-accrual rates, combined with a healthy balance sheet and investment-grade credit ratings, highlight its financial stability and potential for continued growth. Despite trading at a slight discount to NAV, BCSF offers a near double-digit yield and strong dividend coverage, making it an attractive option for income-focused portfolios.
BDC Weekly Review: OBDC Consummates Merger, Delivering Alpha To OBDE Holders
We take a look at the action in business development companies through the third week of January and highlight some of the key themes we are watching. BDCs had a strong week with a 3% total return, boosted this year by the unwinding of several Fed rate cuts. Blue Owl Capital Corp's merger with OBDE provided significant alpha opportunities due to OBDE's lower valuation.
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.
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.
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.
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).
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.
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.
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.
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: 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.
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: 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.
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.
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.
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.
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.
BDC Weekly Review: Valuations Are At Early 2021 Levels
We take a look at the action in business development companies through the third week of June and highlight some of the key themes we are watching. BDCs were flat on the week, with some underperformers due to specific events like lock-up expiry and CFO exit. With valuations at 2021 levels we take a look at the key differences and potential developments.
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