Bain Capital Specialty Finance, Inc. (BCSF) Stock Price & Analysis
Bain Capital Specialty Finance, Inc. (BCSF) closed at USD 10.85 on Thursday, October 29, 2026, up 2.36% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 10.6; the Oct 29, 2026 session ranged USD 10.66–10.86 on volume of 388,978 shares. Market capitalization is $703.82M, with a 52-week range of USD 10–14.7 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 23:41 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BCSF.md
Key facts (BCSF)
- Valuation: P/E 11.0x (avg 8.8x at the last 3 fiscal year-ends), net debt $1.40B.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (4 analysts), mean target USD 12.63 (range 12–13).
- Total return with dividends: 1Y -10.5% vs S&P 500 +14.4%; 5Y +24.5% vs S&P 500 +79.1%.
- Next earnings: 2026-11-09, EPS estimate USD 0.43, revenue estimate $61.0M. All companies reporting that day: https://nexqual.com/earnings/2026-11-09
- Dividend: USD 1.68 a year (yield 15.85%), paid quarterly; latest ex-dividend date 2026-09-15; annual dividends grew 12.2% a year 2022–2025.
- Short interest: 2.51% of float (as of 2026-10-15), 2.4 days to cover.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BCSF)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | $120M | $105M | $123M | $119M | $98.8M | $63.9M |
| EPS (diluted) | $1.86 | $1.63 | $1.91 | $1.85 | $1.53 | — |
| Cash + short-term investments | $87.4M | $30.2M | $43.0M | $51.6M | $23.1M | — |
| Total debt | $1.41B | $1.39B | $1.26B | $1.39B | $1.47B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BCSF)
P/E 11.0x · P/B 0.7x · Earnings yield 9.08% · Dividend yield (paid, TTM) 17.42% · Net debt $1.40B · EV $2.11B
P/E at fiscal year-ends: Dec 2025 9.1x, Dec 2024 9.5x, Dec 2023 7.9x.
Analysts (BCSF)
Consensus Hold (mean 3.00 on a 1–5 scale), 4 analysts; mean target USD 12.63 (low 12, high 13).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-18 | LUCID CAPITAL MARKETS | Initiated | Neutral | $12.5 |
| 2026-08-17 | Keefe, Bruyette & Woods | Downgrade | Outperform → Market Perform | $15 → $13 |
| 2026-08-12 | Wells Fargo | Target lowered | Equal-Weight | $13 → $12 |
Total return (dividends reinvested) (BCSF)
| 1Y (from 2025-10-30) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -10.5% | +24.5% |
| S&P 500 (SPY) | +14.4% | +79.1% |
| Per year | -10.5% | +4.5% |
| Volatility (annualized) | 23.1% | 20.3% |
| Max drawdown | -23.8% (May 2026→Oct 2026) | -33.2% (Feb 2025→Oct 2026) |
Dividends (BCSF)
Annual dividend rate USD 1.68 per share, yield 15.85% at the current price. Paid over the last 12 months: USD 1.86 in 5 payments (quarterly).
Most recent ex-dividend date: Sep 15, 2026; payment date: Sep 29, 2026. To receive a dividend, shares must be owned before the ex-dividend date.
Latest change: raised 180.0% to USD 0.42 per payment from USD 0.15, starting with the Mar 16, 2026 ex-dividend date.
Payout ratio 170% of earnings (above 100%: dividends exceeded net income; for REITs and partnerships, cash-flow measures are more relevant) · 5-year average yield 10.55% · annual dividends grew 12.2% a year from 2022 to 2025.
| Ex-dividend date | Amount per share |
|---|---|
| 2026-09-15 | USD 0.42 |
| 2026-06-15 | USD 0.42 |
| 2026-03-16 | USD 0.42 |
| 2025-12-31 | USD 0.15 |
| 2025-12-16 | USD 0.45 |
| 2025-09-16 | USD 0.45 |
| 2025-06-16 | USD 0.45 |
| 2025-03-17 | USD 0.45 |
Total by calendar year: 2022 USD 1.38 · 2023 USD 1.60 · 2024 USD 1.80 · 2025 USD 1.95.
Short interest (BCSF)
1,368,384 shares sold short, 2.51% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 1,650,718 shares (-17.1%). Days to cover: 2.4 (short shares ÷ average daily volume).
BCSF earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Oct 27, 2026 | — | — | — | — | +5.5% |
| Aug 10, 2026 | Quarter ended Jun 30, 2026 | $0.44 | $0.42 | Beat +4.8% | -2.1% |
| Jul 23, 2026 | Quarter ended Jun 30, 2026 | $0.44 | $0.42 | Beat +4.8% | -1.7% |
| May 12, 2026 | Quarter ended Mar 31, 2026 | $0.42 | $0.42 | In line | +0.9% |
| Apr 29, 2026 | Quarter ended Mar 31, 2026 | $0.42 | $0.42 | In line | +2.7% |
| Feb 27, 2026 | Quarter ended Dec 31, 2025 | $0.46 | $0.47 | Miss −2.1% | +0.9% |
| Feb 12, 2026 | Quarter ended Dec 31, 2025 | $0.46 | $0.47 | Miss −2.1% | -0.2% |
| Nov 10, 2025 | Quarter ended Sep 30, 2025 | $0.45 | $0.45 | In line | -1.2% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
BCSF recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 27, 2026 | 8-K | Quarterly results |
| Aug 10, 2026 | 8-K | Quarterly results; Other material event “On August 10, 2026, the Company issued a press release announcing the declaration of a third fiscal quarter 2026 dividend of $0.42 per share. The third fiscal quarter 2026 dividend of $0.42 per share is for stockholders of record as of September 15, 2026 and payable on September 29, 2026. A copy of the press release is attached hereto as Exhibit 99.1.” |
| Aug 10, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Jul 31, 2026 | 8-K | Entered a material agreement; New debt or off-balance-sheet obligation “On July 28, 2026, Bain Capital Specialty Finance, Inc. (the "Company") entered into the Fourth Amendment to Senior Secured Revolving Credit Agreement (the "Fourth Amendment"), among the Company, as borrower, Sumitomo Mitsui Banking Corporation, as administrative agent and as collateral agent, the lenders and issuing banks party thereto and, solely with respect to Section 6.9 of the Fourth Amendment, the subsidiary guarantors party thereto, which amends the Senior Secured Revolving Credit Agreement, dated as of…” |
| Jul 23, 2026 | 8-K | Quarterly results |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
BCSF analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.43 | $0.43 | -1.3% | $61.0M | 4 |
| Next quarter (ends Dec 2026) | $0.35 | $0.40 | -12.5% | $60.1M | 4 |
| Current fiscal year (ends Dec 2026) | $1.64 | $1.69 | -2.8% | $249.8M | 4 |
| Next fiscal year (ends Dec 2027) | $1.34 | $1.48 | -9.8% | $235.9M | 4 |
BCSF options: expected move
Options price a move of about ±10.4% (±$1.10) by Jan 15, 2027, which includes earnings on Nov 9, 2026. Over the last 8 reports the stock moved ±1.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Jan 15, 2027 | 78 | 24.2% | ±10.4% |
30-day implied volatility 26.8% vs 24.6% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 23:41 UTC)
| Price | USD 10.85 |
|---|---|
| Change | ▲ 2.36% (up) |
| Previous Close | USD 10.6 |
| Open | USD 10.69 |
| Day Range | USD 10.66 – 10.86 |
| 52-Week Range | USD 10 – 14.7 |
| Volume | 388,978 shares |
| Market Cap | $703.82M |
| Exchange | NYQ |
Technical Analysis (BCSF)
Nexqual's technical model rates BCSF "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 29, 2026 at 23:41 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 54.51 (neutral) |
| vs SMA50 | Below (USD 11.12) |
| MACD | -0.2 (negative) |
Analyst Ratings (BCSF)
Wall Street analysts rate BCSF "Hold" based on 4 analysts, with a mean price target of USD 12.63 (range USD 12–13), per Nexqual as of October 29, 2026 at 23:41 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 12.63 |
| High Target | USD 13 |
| Low Target | USD 12 |
| Buy / Hold / Sell | 0 / 4 / 0 |
Earnings (BCSF)
| Next Earnings Date | 2026-11-09 |
|---|---|
| EPS Estimate | USD 0.43 |
| Revenue Estimate | $61.03M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.44 vs est 0.42 ▲ beat |
| 2026-03-31 | USD 0.42 vs est 0.42 ▼ miss |
| 2025-12-31 | USD 0.46 vs est 0.47 ▼ miss |
| 2025-09-30 | USD 0.45 vs est 0.45 ▲ beat |
Source: Nexqual, October 29, 2026 at 23:41 UTC.
Financials & Fundamentals (BCSF)
| Total Revenue | $263.96M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -12.10% |
| Gross Margin | +100.00% |
| Operating Margin | +80.20% |
| Profit Margin | +24.22% |
| ROE | +5.76% |
| Debt / Equity | 1.39 |
| Current Ratio | 6.57 |
| Total Cash | $113.03M |
| Total Debt | $1.50B |
Source: Nexqual, October 29, 2026 at 23:41 UTC.
Financial Health Score (BCSF)
Nexqual rates Bain Capital Specialty Finance, Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 23:41 UTC.
| Growth | Weak — Revenue -7% YoY (annual), declining |
|---|---|
| Profitability | Strong — Operating margin 80% |
| Balance Sheet | Mixed — $97M cash and investments vs $1.50B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $30M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 6%, ROA 2.4% (last 4 quarters, SEC) |
Ownership (BCSF)
| Insider Ownership | +0.70% |
|---|---|
| Institutional Ownership | +59.68% |
| Shares Outstanding | 64.87M |
| Short % of Float | +2.51% |
Source: Nexqual, October 29, 2026 at 23:41 UTC.
Leadership (BCSF)
Bain Capital Specialty Finance, Inc. is led by Michael Alexander Ewald, Chief Executive Officer, per Nexqual as of October 29, 2026 at 23:41 UTC.
| Chief Executive Officer | Michael Alexander Ewald |
|---|---|
| President & Director | Michael Boyle |
| Treasurer & CFO | Amit Joshi |
Major Backers & Investors (BCSF)
Notable institutional backers of Bain Capital Specialty Finance, Inc. include Bain Capital Credit, LP, Bank of America Corporation, Cresset Asset Management, LLC, according to Nexqual as of October 29, 2026 at 23:41 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Bain Capital Credit, LP | 18.23% |
| Bank of America Corporation | 3.92% |
| Cresset Asset Management, LLC | 3.69% |
| UBS Group AG | 2.25% |
| Van Eck Associates Corporation | 2.12% |
| Two Sigma Investments, LP | 2.12% |
| Morgan Stanley | 1.93% |
| Dimension Capital Management, LLC | 1.93% |
Source: Nexqual, October 29, 2026 at 23:41 UTC.
From Bain Capital Specialty Finance, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- Bain Capital Credit and its subsidiaries (including the credit vehicles managed by its Alternative Investment Fund Manager affiliate except for vehicles managed by the Special Situations team) had approximately $61.0 billion in assets under management as of December 31, 2025.
- We generally seek to retain effective voting control in respect of the loans or particular class of securities in which we invest through maintaining affirmative voting positions or negotiating consent rights that allow us to retain a blocking position.
- We believe that this flexible approach provides a rigorous investment decision-making process that allows us to be nimble across a variety of market environments while still maintaining high credit underwriting standards.
Partnerships
- The Advisor has entered into a Resource Sharing Agreement (the "Resource Sharing Agreement") with Bain Capital Credit, LP ("Bain Capital Credit"), pursuant to which Bain Capital Credit provides the Advisor with experienced investment professionals (including the members of the Advisor's Credit Committee) and access to the resources of Bain Capital Credit so as to enable the Advisor to fulfill its obligations under the Amended Advisory Agreement.
- We have entered into an Amended Advisory Agreement with the Advisor, pursuant to which we have agreed to pay the Advisor a base management fee (the "Base Management Fee") and an incentive fee for its services.
Legal & Regulatory Risks (Item 1A, quoted)
- New or modified laws or regulations governing our operations could adversely affect our business.
- We and our Advisor are subject to regulations and SEC oversight. If we or they fail to comply with applicable requirements, it may adversely impact our results relative to companies that are not subject to such regulations.
- We may be impacted by changes in federal tax legislation.
- We may be the target of litigation or stockholder activism.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BXSL | Blackstone Secured Lending Fund | USD 23.52 | ▲ 1.38% |
| PDI | PIMCO Dynamic Income Fund | USD 14.33 | ▲ 1.63% |
| VCTR | Victory Capital Holdings, Inc. | USD 113.81 | ▲ 1.73% |
| AMG | Affiliated Managers Group, Inc. | USD 399.02 | ▲ 1.47% |
| SEIC | SEI Investments Company | USD 104.73 | ▲ 1.48% |
| IVZ | Invesco Ltd | USD 29.02 | ▲ 1.19% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 23:41 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt