MSC Income Fund (MSIF) – What Are Researchers Saying About This Stock?

Shares of MSC Income Fund (NYSE:MSIF) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $14.10.

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

Institutional Trading of MSC Income Fund

Several hedge funds have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC lifted its stake in shares of MSC Income Fund by 28.5% in the 3rd quarter. Sanders Morris Harris LLC now owns 2,908,143 shares of the company’s stock valued at $35,525,000 after acquiring an additional 644,717 shares during the last quarter. North Ground Capital bought a new position in MSC Income Fund during the 2nd quarter worth approximately $6,220,032. Van ECK Associates Corp grew its position in MSC Income Fund by 35.8% during the 2nd quarter. Van ECK Associates Corp now owns 915,670 shares of the company’s stock worth $10,594,000 after acquiring an additional 241,495 shares during the last quarter. Centaurus Financial Inc. bought a new position in MSC Income Fund during the 2nd quarter worth approximately $2,433,000. Finally, BlackRock Inc. bought a new position in shares of MSC Income Fund in the second quarter worth approximately $2,023,000.

MSC Income Fund Price Performance

MSIF stock opened at $11.73 on Wednesday. MSC Income Fund has a one year low of $10.80 and a one year high of $14.46. The stock has a market cap of $553.10 million and a PE ratio of 5.48. The firm has a 50 day simple moving average of $12.19 and a two-hundred day simple moving average of $12.15.

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

MSC Income Fund Dividend Announcement

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

MSC Income Fund (NYSE: MSIF) is a business development company that invests in privately held, primarily U.S.-based businesses. The fund seeks to provide capital to lower middle-market companies that may have limited access to traditional financing sources.

Its investment activities generally include providing senior secured loans, subordinated debt and other forms of financing, along with selective equity investments. MSC Income Fund works with portfolio companies across a range of industries and may support acquisitions, recapitalizations, growth initiatives and other corporate financing needs.

The fund is externally managed by MSC Adviser I, LLC, an affiliate of Main Street Capital Corporation.