Canton Hathaway LLC Buys Shares of 26,175 Bain Capital Specialty Finance, Inc. (NYSE:BCSF)

Canton Hathaway LLC purchased a new stake in Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,175 shares of the company's stock, valued at approximately $435,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its holdings in Bain Capital Specialty Finance by 1.5% in the first quarter. Janney Montgomery Scott LLC now owns 77,209 shares of the company's stock valued at $1,282,000 after acquiring an additional 1,107 shares in the last quarter. Columbus Macro LLC raised its holdings in Bain Capital Specialty Finance by 7.6% in the first quarter. Columbus Macro LLC now owns 340,580 shares of the company's stock valued at $5,654,000 after acquiring an additional 24,160 shares in the last quarter. Foster Victor Wealth Advisors LLC raised its holdings in Bain Capital Specialty Finance by 10.0% in the first quarter. Foster Victor Wealth Advisors LLC now owns 22,000 shares of the company's stock valued at $365,000 after acquiring an additional 2,000 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in Bain Capital Specialty Finance by 19.2% in the first quarter. Redhawk Wealth Advisors Inc. now owns 94,751 shares of the company's stock valued at $1,573,000 after acquiring an additional 15,292 shares in the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in Bain Capital Specialty Finance in the first quarter valued at $270,000.

Bain Capital Specialty Finance Stock Performance

Shares of NYSE:BCSF traded down $0.09 on Friday, reaching $14.90. 181,996 shares of the company's stock were exchanged, compared to its average volume of 239,366. 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 fifty-two week low of $13.20 and a fifty-two week high of $19.21. The business's 50-day moving average is $15.30 and its two-hundred day moving average is $16.56. The firm has a market capitalization of $966.24 million, a price-to-earnings ratio of 8.56 and a beta of 0.80.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $71.00 million. As a group, equities research analysts forecast that Bain Capital Specialty Finance, Inc. will post 2.06 EPS for the current year.

Bain Capital Specialty Finance Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company dropped their target price 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.

About Bain Capital Specialty Finance

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.