MSC Income Fund (NYSE:MSIF) Receives $13.88 Average PT from Analysts

MSC Income Fund (NYSE:MSIF) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $13.8750.

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

Insider Buying and Selling at MSC Income Fund

In related news, Director John O. Jr. Niemann bought 4,922 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $12.10 per share, for a total transaction of $59,556.20. Following the completion of the acquisition, the director directly owned 43,648 shares in the company, valued at approximately $528,140.80. This represents a 12.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey B. Walker acquired 3,933 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of $12.02 per share, for a total transaction of $47,274.66. Following the completion of the purchase, the director directly owned 26,311 shares in the company, valued at $316,258.22. This represents a 17.58% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 22,827 shares of company stock worth $269,622 in the last ninety days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Sanders Morris Harris LLC increased its stake in shares of MSC Income Fund by 25.3% in the second quarter. Sanders Morris Harris LLC now owns 2,263,426 shares of the company’s stock worth $26,188,000 after purchasing an additional 457,004 shares during the period. Cetera Investment Advisers raised its stake in shares of MSC Income Fund by 86.9% in the first quarter. Cetera Investment Advisers now owns 311,557 shares of the company’s stock valued at $3,795,000 after purchasing an additional 144,882 shares in the last quarter. Diversify Wealth Management LLC acquired a new position in shares of MSC Income Fund in the 1st quarter valued at $1,411,000. Centaurus Financial Inc. raised its position in MSC Income Fund by 74.0% in the first quarter. Centaurus Financial Inc. now owns 214,948 shares of the company’s stock worth $2,618,000 after purchasing an additional 91,383 shares in the last quarter. Finally, Sigma Planning Corp lifted its position in shares of MSC Income Fund by 55.2% during the 1st quarter. Sigma Planning Corp now owns 207,539 shares of the company’s stock worth $2,528,000 after buying an additional 73,847 shares during the period.

MSC Income Fund Trading Down 0.1%

NYSE:MSIF opened at $11.31 on Monday. The stock has a market cap of $533.26 million and a PE ratio of -3,428.31. MSC Income Fund has a fifty-two week low of $11.16 and a fifty-two week high of $16.87. The firm’s 50-day simple moving average is $11.80.

MSC Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be given a $0.11 dividend. This represents a c) annualized dividend and a yield of 11.7%. The ex-dividend date of this dividend is Wednesday, September 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.