Bain Capital Specialty Finance, Inc.
Description
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.
About
CEO
Mr. Michael Alexander Ewald
Employees
0
Instrument type
Common Stock
Sector
Financial Services
Industry
Asset Management
MIC code
XNYS
Address
200 Clarendon Street, Boston, MA 02116, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 4, 2025 | — | — | — | — |
| Aug 4, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Feb 26, 2025 | 0.49 | — | — | — |
| Nov 6, 2024 | 0.50 | 0.53 | 0.03 | 6.00% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 2 | — | 3 |
| Average estimate | — | 0.46 | — | 1.85 |
| Low estimate | — | 0.45 | — | 1.80 |
| High estimate | — | 0.46 | — | 1.88 |
| Last year EPS | — | 0.53 | — | 2.04 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-7.190%
Next qtr. (Mar 2025)
-14.150%
Current year
-6.850%
Next year (Dec 2025)
-9.310%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 137.99M | 116.51M | 124.06M | 13.91M | 94.71M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 11.26M | 9.44M | 8.62M | 8.75M | 7.62M |
| Other operating expenses | — | 747,000 | -4.50M | -3.35M | -10.99M |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 126.73M | 106.32M | 119.94M | 8.51M | 98.09M |
| Tax provision | 3.36M | 837,000 | 134,000 | 232,000 | — |
| Net income | 123.38M | 105.48M | 119.81M | 8.28M | 98.09M |
| Basic EPS | 1.91 | 1.63 | 1.86 | 0.14 | 1.90 |
| Diluted EPS | 1.91 | 1.63 | 1.86 | 0.14 | 1.90 |
| Basic average shares | 64.56M | 64.56M | 64.56M | 58.67M | 51.60M |
| Diluted average shares | 64.56M | 64.56M | 64.56M | 58.67M | 51.60M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 123.38M | 105.48M | 119.81M | 8.28M | 98.09M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 43.00M | 30.21M | 87.44M | 53.70M | 36.53M |
| Cash equivalents | 6.41M | 29.58M | 29.98M | 972,000 | 810,000 |
| Cash and cash equivalents | 49.40M | 59.78M | 117.42M | 54.68M | 37.34M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 210,000 | 194,000 | 193,000 | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | — | — | — | — | — |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 2.30B | 2.39B | 2.29B | 2.48B | 2.53B |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 61.43M | 72.62M | 42.69M | 44.43M | 39.16M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 1.26B | 1.39B | 1.41B | 1.46B | 1.57B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | 2.26M | — | — | 22.61M | 1.25M |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 65,000 | 65,000 | 65,000 | 65,000 | 52,000 |
| Retained earnings | -31.98M | -52.06M | -68.44M | -98.51M | -20.00M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 1.14B | 1.12B | 1.10B | 1.07B | 1.02B |
| Additional paid in capital | 1.17B | 1.17B | 1.17B | 1.17B | 1.04B |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 123.38M | 105.48M | 119.81M | 8.28M | 98.09M | 26.65M | 19.30M | 608,975 |
| Depreciation | — | — | — | — | — | — | — | — |
| Deferred Taxes | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -1.76M | -291,000 | 4.92M | -3.23M | -2.98M | 79,000 | 257,000 | 52,323 |
| Accounts Receivable | 1.37M | -10.29M | -14.36M | 134,000 | -8.49M | -12.07M | -2.29M | -596,164 |
| Accounts Payable | — | — | — | — | — | 136,824 | 665,527 | — |
| Other Assets & Liabilities | 2.00M | -6.80M | 2.12M | -4.93M | 4,000 | 4.42M | -8.84M | -5,723 |
| Operating Cash Flow | 124.98M | 88.11M | 112.49M | 248,000 | 86.63M | 19.21M | 9.09M | 59,411 |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Net Intangibles | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — |
| Investing Cash Flow | — | — | — | — | — | — | — | — |
| Financing Activities | ||||||||
| Long-Term Debt Issuance | 348.00M | 792.75M | 1.43B | 597.26M | 1.25B | 818.70M | 545.90M | 59.10M |
| Long-Term Debt Payments | -480.00M | -462.25M | -1.46B | -710.80M | -884.53M | -632.74M | -154.56M | — |
| Other Financing Charges | — | — | — | — | — | — | — | — |
| Financing Cash Flow | -231.43M | 242.70M | -124.58M | -67.88M | 283.27M | 669.26M | 776.32M | 168.92M |
| Other Cash Details | ||||||||
| End Cash Position | 112.48M | 125.73M | 203.58M | 81.70M | 68.85M | 33.27M | 140.92M | 66.73M |
| Income Tax Paid | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | 18.16M | 2.08M | — |
| Free Cash Flow | 219.26M | -316.83M | 265.55M | 89.42M | -242.77M | -774.25M | -697.37M | -100.77M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| VanEck ETF Trust -VanEck BDC Income ETF | Nov 30, 2024 | 907,576 | 16.38M | 1.41% |
| Putnam BDC ETF | Oct 31, 2024 | 275,192 | 4.97M | 0.43% |
| First Trust Gallatin Specialty Finance & Financial Opportunities Fund | Nov 30, 2024 | 100,000 | 1.80M | 0.15% |
| ETFis Ser Tr I-Virtus Private Credit Strategy ETF | Oct 31, 2024 | 47,112 | 850,371 | 0.07% |
| Invesco ETF Tr-Invesco Global Listed Private Equity ETF | Nov 30, 2024 | 36,200 | 653,409 | 0.06% |
| Virtus Small Cap Fund | Sep 30, 2024 | 15,041 | 271,490 | 0.02% |
| Blackstone Alternative Multi-Strategy Fund | Sep 30, 2024 | 7,900 | 142,594 | 0.01% |
| Lazard U.S. Systematic Small Cap Equity Portfolio | Sep 30, 2024 | 6,023 | 108,715 | 0.01% |
| EA Series Trust-WHITEWOLF Publicly Listed Private Equity ETF | Oct 31, 2024 | 2,988 | 53,933 | 0.00% |
| John Hancock Var Ins Tr-Total Stock Market Index Tr | Sep 30, 2024 | 569 | 10,270 | 0.00% |
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