Bain Capital Specialty Finance, Inc. (BCSF)

Over the past six months, BCSF's stock price has fluctuated, with a closing price of $13.11 as of February 5, 2026. The 52-week high is $19.02, and the 52-week low is $12.49, with a 12-month total return of -17.30%. In January 2026, BCSF priced an offering of $350 million in senior notes due 2031 to strengthen its funding base. Discussions have centered on a potential dividend cut due to rising interest expenses, although dividends were well-covered at 118% as of March 2025.

BCSF operates in the financial sector, which experiences seasonal strength from November 22 to April 13. BCSF has historically outperformed the benchmark during this period, with an average outperformance of 18.98% per year over the past six years. However, the limited data available may not provide a fully accurate seasonal profile.

Bain Capital Specialty Finance, Inc. (BCSF) is a specialty finance company and business development company (BDC) that provides direct lending and credit solutions to U.S. middle-market companies, aiming for current income and capital appreciation. BCSF invests in debt and equity in middle-market companies, focusing on senior secured debt and opportunistic equity investments, targeting businesses with EBITDA between $10 million and $150 million. As of September 30, 2024, BCSF's investment portfolio was well-diversified across 31 sectors, with a significant portion in senior secured first lien loans.

BCSF primarily focuses on U.S. middle-market companies, but its affiliate, Bain Capital Credit, operates across North America, Europe, and Australia. As of September 30, 2018, approximately 89.7% of BCSF's portfolio was invested in U.S.-domiciled companies, with 10.3% in non-U.S. domiciled companies. In February 2021, BCSF formed a joint venture with Pantheon, the International Senior Loan Program, LLC (ISLP), to expand its global reach into Europe and Australia.

BCSF benefits from its affiliation with Bain Capital Credit, known for strong credit performance. KBRA affirmed BCSF's issuer and senior unsecured debt ratings at BBB with a Stable Outlook in February 2025, citing a well-diversified investment portfolio and adequate credit quality. Analysts have viewed BCSF positively, highlighting its first-lien-focused portfolio, low non-accruals, and strong diversification.

BCSF has a diverse ownership structure, including institutional, retail, and individual investors. As of February 2, 2026, 140 institutional owners held 34,963,249 shares, with major holders including Bain Capital Credit, LP, Bank Of America Corp, and UBS Group AG. Bain Capital Credit Member LLC is a significant individual shareholder, owning 11.82 million shares, representing 18.23% of the company.