MSC Income Fund (NYSE:MSIF) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of MSC Income Fund (NYSE:MSIF) have received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $13.8750.

A number of equities research analysts have commented on the company. B. Riley Financial started coverage on MSC Income Fund in a research report on Thursday, June 18th. They issued a “buy” rating and a $13.00 target price on the stock. UBS Group cut their price objective on MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating for the company in a research report on Monday, May 18th. Zacks Research upgraded shares of MSC Income Fund from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Royal Bank Of Canada decreased their target price on shares of MSC Income Fund from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Finally, Truist Financial lowered their target price on shares of MSC Income Fund from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th.

MSC Income Fund Price Performance

Shares of NYSE MSIF opened at $11.77 on Friday. The business’s 50 day moving average price is $11.57. The firm has a market cap of $555.13 million and a P/E ratio of -3,568.96. MSC Income Fund has a 1 year low of $10.80 and a 1 year high of $15.14.

MSC Income Fund (NYSE:MSIF) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05).

MSC Income Fund Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, December 23rd. Stockholders of record on Wednesday, December 16th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, December 16th.

Insider Activity at MSC Income Fund

In other news, Director Nicholas Meserve bought 2,500 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average price of $11.43 per share, with a total value of $28,575.00. Following the completion of the transaction, the director directly owned 12,500 shares in the company, valued at $142,875. This trade represents a 25.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John O. Jr. Niemann bought 4,922 shares of the business’s stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $12.10 per share, for a total transaction of $59,556.20. Following the transaction, the director owned 43,648 shares of the company’s stock, valued at $528,140.80. This trade represents a 12.71% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 22,827 shares of company stock worth $269,622.

Institutional Investors Weigh In On MSC Income Fund

A number of institutional investors have recently modified their holdings of MSIF. Raleigh Capital Management Inc. lifted its stake in MSC Income Fund by 51.1% during the 1st quarter. Raleigh Capital Management Inc. now owns 5,685 shares of the company’s stock worth $69,000 after acquiring an additional 1,923 shares in the last quarter. PFG Investments LLC boosted its holdings in MSC Income Fund by 15.4% during the 1st quarter. PFG Investments LLC now owns 14,846 shares of the company’s stock valued at $181,000 after acquiring an additional 1,983 shares during the period. Sound Income Strategies LLC grew its position in MSC Income Fund by 59.8% in the 1st quarter. Sound Income Strategies LLC now owns 6,282 shares of the company’s stock valued at $77,000 after acquiring an additional 2,350 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in MSC Income Fund in the 2nd quarter valued at about $42,000. Finally, Legacy Wealth Managment LLC ID increased its stake in MSC Income Fund by 2.8% during the first quarter. Legacy Wealth Managment LLC ID now owns 138,174 shares of the company’s stock worth $1,683,000 after purchasing an additional 3,767 shares during the period.

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.