MSC Income Fund (NYSE:MSIF) Stock Has Average Target Price of $13.88 According to Brokerages

Shares of MSC Income Fund (NYSE:MSIF) have earned an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.88.

A number of analysts have recently issued reports on the stock. UBS Group cut their target price on shares of MSC Income Fund from $13.50 to $12.50 and set a “neutral” rating for the company in a research note on Tuesday, September 1st. B. Riley Financial initiated coverage on shares of MSC Income Fund in a research report on Thursday, June 18th. They set a “buy” rating and a $13.00 price objective for the company. Truist Financial boosted their price objective on MSC Income Fund from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Zacks Research raised MSC Income Fund from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th.

MSC Income Fund Price Performance

Shares of MSIF opened at $11.74 on Friday. The firm has a 50-day moving average of $12.26 and a 200-day moving average of $12.17. MSC Income Fund has a one year low of $10.80 and a one year high of $14.46. The company has a market cap of $553.53 million and a PE ratio of -3,558.65.

MSC Income Fund (NYSE:MSIF) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.05). The business had revenue of $35.70 million during the quarter, compared to analysts’ expectations of $35.46 million.

MSC Income Fund Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Wednesday, December 16th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, December 16th. This represents a yield of 1,121.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MSIF. Confluence Investment Management LLC lifted its holdings in shares of MSC Income Fund by 1.6% during the 3rd quarter. Confluence Investment Management LLC now owns 55,294 shares of the company’s stock worth $651,000 after acquiring an additional 872 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of MSC Income Fund in the 2nd quarter valued at $131,000. RFG Advisory LLC bought a new position in shares of MSC Income Fund in the 2nd quarter valued at $656,000. Beacon Financial Advisory LLC increased its stake in shares of MSC Income Fund by 12.3% in the 2nd quarter. Beacon Financial Advisory LLC now owns 41,917 shares of the company’s stock valued at $485,000 after purchasing an additional 4,592 shares during the last quarter. Finally, Tsfg LLC raised its holdings in shares of MSC Income Fund by 149.4% during the 2nd quarter. Tsfg LLC now owns 18,315 shares of the company’s stock worth $212,000 after buying an additional 10,972 shares in the last quarter.

MSC Income Fund (NYSE: MSIF) is a closed-end investment company that has elected to operate as a business development company (BDC) under the Investment Company Act of 1940. The fund seeks to generate current income and, to a lesser extent, long-term capital appreciation by investing in privately held middle-market companies.

The fund primarily invests in debt securities, including first-lien, unitranche and second-lien loans, and may also invest in equity interests, preferred securities and warrants.