MSC Income Fund (NYSE:MSIF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

MSC Income Fund (NYSE:MSIF) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $14.1250.

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada dropped their price target on MSC Income Fund from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. B. Riley Financial began 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. Zacks Research upgraded shares of MSC Income Fund from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Truist Financial increased their price objective on shares of MSC Income Fund from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, UBS Group cut their target price on shares of MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating for the company in a research note on Monday, May 18th.

Insiders Place Their Bets

In related news, Director Jeffrey B. Walker acquired 3,933 shares of the business’s stock in a transaction on Friday, June 5th. The stock was purchased at an average cost of $12.02 per share, for a total transaction of $47,274.66. Following the completion of the transaction, the director directly owned 26,311 shares of the company’s stock, valued at approximately $316,258.22. The trade was a 17.58% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nicholas Meserve acquired 2,500 shares of MSC Income Fund stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average price of $11.43 per share, with a total value of $28,575.00. Following the acquisition, the director owned 12,500 shares of the company’s stock, valued at approximately $142,875. This trade represents a 25.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 18,855 shares of company stock worth $222,131 over the last three months.

Institutional Trading of MSC Income Fund

Several hedge funds have recently added to or reduced their stakes in MSIF. Demars Financial Group LLC bought a new stake in MSC Income Fund in the 1st quarter valued at $153,000. Richmond Investment Services LLC bought a new position in MSC Income Fund during the 1st quarter worth $148,000. Sound Income Strategies LLC lifted its holdings in shares of MSC Income Fund by 59.8% during the first quarter. Sound Income Strategies LLC now owns 6,282 shares of the company’s stock worth $77,000 after buying an additional 2,350 shares in the last quarter. Meridian Investment Counsel Inc. lifted its holdings in shares of MSC Income Fund by 150.5% during the first quarter. Meridian Investment Counsel Inc. now owns 40,700 shares of the company’s stock worth $496,000 after buying an additional 24,450 shares in the last quarter. Finally, Beacon Financial Advisory LLC bought a new stake in shares of MSC Income Fund in the first quarter valued at about $455,000.

MSC Income Fund Trading Up 2.1%

Shares of NYSE MSIF opened at $12.91 on Tuesday. The stock’s 50 day simple moving average is $11.80. The firm has a market capitalization of $608.69 million and a P/E ratio of -3,913.31. MSC Income Fund has a twelve month low of $10.80 and a twelve month high of $14.46.

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 analysts’ consensus estimates of $0.38 by ($0.05). The firm had revenue of $54.66 million during the quarter, compared to the consensus estimate of $35.46 million.

MSC Income Fund Announces Dividend

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

MSC Income Fund (NYSE: MSIF) is a publicly traded investment company listed on the New York Stock Exchange that aims to provide shareholders with current income and the potential for capital appreciation through a diversified portfolio of income-producing assets. The fund offers investors a single vehicle to gain exposure to a variety of yield-generating securities managed under a unified investment strategy.

The fund’s portfolio strategy emphasizes a broad approach to income generation, with allocations that can include fixed-income instruments and other income-oriented securities.