Canton Hathaway LLC Acquires New Shares in Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Canton Hathaway LLC bought a new stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,175 shares of the company's stock, valued at approximately $435,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BCSF. Lake Street Advisors Group LLC purchased a new stake in shares of Bain Capital Specialty Finance during the fourth quarter valued at approximately $6,886,000. Raymond James Financial Inc. purchased a new stake in Bain Capital Specialty Finance in the fourth quarter worth approximately $1,482,000. Farther Finance Advisors LLC boosted its holdings in Bain Capital Specialty Finance by 43.4% in the fourth quarter. Farther Finance Advisors LLC now owns 15,705 shares of the company's stock worth $275,000 after purchasing an additional 4,750 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Bain Capital Specialty Finance in the fourth quarter worth approximately $641,000. Finally, Mascoma Wealth Management LLC purchased a new stake in Bain Capital Specialty Finance in the fourth quarter worth approximately $29,000.

Bain Capital Specialty Finance Stock Up 1.5%

Shares of NYSE BCSF traded up $0.22 during trading hours on Tuesday, hitting $14.95. 222,080 shares of the stock were exchanged, compared to its average volume of 239,795. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 1.27. Bain Capital Specialty Finance, Inc. has a 12 month low of $13.20 and a 12 month high of $19.21. The company has a market cap of $970.07 million, a PE ratio of 7.15 and a beta of 0.80. The firm has a fifty day moving average price of $15.30 and a 200-day moving average price of $16.55.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Bain Capital Specialty Finance had a net margin of 39.60% and a return on equity of 11.62%. The business had revenue of $52.84 million for the quarter, compared to the consensus estimate of $71.00 million. On average, sell-side analysts expect that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be given a dividend of $0.03 per share. This represents a yield of 11.66%. The ex-dividend date is Monday, June 16th. Bain Capital Specialty Finance's payout ratio is currently 96.55%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BCSF shares. Wells Fargo & Company reduced their price target on shares of Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price objective on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th.

Bain Capital Specialty Finance Company Profile

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.