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

Shares of MSC Income Fund (NYSE:MSIF) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $13.8750.

A number of brokerages have recently commented on MSIF. Truist Financial dropped their price target on MSC Income Fund from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. B. Riley Financial assumed coverage on MSC Income Fund in a report on Thursday, June 18th. They issued a “buy” rating and a $13.00 price objective for the company. Zacks Research cut MSC Income Fund from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Royal Bank Of Canada dropped their price objective on shares of MSC Income Fund from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. 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 report on Monday, May 18th.

Insider Buying and Selling at MSC Income Fund

In other MSC Income Fund news, Director Nicholas Meserve acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average cost of $11.43 per share, with a total value of $28,575.00. Following the acquisition, the director owned 12,500 shares in the company, valued at approximately $142,875. This represents a 25.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey B. Walker acquired 3,933 shares of MSC Income Fund stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of $12.02 per share, with a total value 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. The SEC filing for this purchase provides additional information. Insiders purchased a total of 22,827 shares of company stock valued at $269,622 in the last quarter.

Hedge Funds Weigh In On MSC Income Fund

Several hedge funds have recently made changes to their positions in MSIF. Sanders Morris Harris LLC grew its position 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 valued at $26,188,000 after purchasing an additional 457,004 shares in the last quarter. Cetera Investment Advisers lifted its holdings in MSC Income Fund by 86.9% during the 1st quarter. Cetera Investment Advisers now owns 311,557 shares of the company’s stock worth $3,795,000 after purchasing an additional 144,882 shares in the last quarter. Centaurus Financial Inc. boosted its stake in MSC Income Fund by 74.0% in the 1st 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 during the period. Sigma Planning Corp boosted its stake in MSC Income Fund by 55.2% in the 1st quarter. Sigma Planning Corp now owns 207,539 shares of the company’s stock worth $2,528,000 after purchasing an additional 73,847 shares during the period. Finally, Legacy Wealth Managment LLC ID grew its holdings in MSC Income Fund by 2.8% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 138,174 shares of the company’s stock valued at $1,683,000 after buying an additional 3,767 shares in the last quarter.

MSC Income Fund Trading Down 0.1%

Shares of NYSE MSIF opened at $11.70 on Monday. The firm’s fifty day moving average price is $11.96. MSC Income Fund has a 1-year low of $11.16 and a 1-year high of $16.87. The company has a market capitalization of $551.41 million and a price-to-earnings ratio of -3,545.01.

MSC Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be paid a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date 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.