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

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

Several equities analysts have recently weighed in on MSIF shares. 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 research note on Thursday, June 4th. Truist Financial increased their target price on shares of MSC Income Fund from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, August 10th. UBS Group decreased 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. Zacks Research upgraded shares of MSC Income Fund from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, 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 target on the stock.

Insider Buying and Selling

In related news, Director Nicholas Meserve purchased 2,500 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average cost of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dwayne L. Hyzak purchased 5,969 shares of the stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $11.68 per share, for a total transaction of $69,717.92. Following the transaction, the chief executive officer directly owned 70,712 shares in the company, valued at approximately $825,916.16. The trade was a 9.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 18,855 shares of company stock worth $222,131.

Institutional Investors Weigh In On MSC Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. North Ground Capital bought a new position in shares of MSC Income Fund in the second quarter valued at $6,220,032. Sanders Morris Harris LLC raised its position in MSC Income Fund by 25.3% during the second quarter. Sanders Morris Harris LLC now owns 2,263,426 shares of the company’s stock worth $26,188,000 after acquiring an additional 457,004 shares in the last quarter. Van ECK Associates Corp raised its position in MSC Income Fund by 35.8% during the second 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 in the last quarter. Centaurus Financial Inc. acquired a new stake in MSC Income Fund in the second quarter valued at $2,433,000. Finally, BlackRock Inc. acquired a new stake in MSC Income Fund in the second quarter valued at $2,023,000.

MSC Income Fund Price Performance

MSIF opened at $12.91 on Tuesday. The firm has a 50-day moving average price of $11.80. MSC Income Fund has a 1 year low of $10.80 and a 1 year high of $14.46. The firm has a market cap of $608.69 million and a P/E ratio of -3,913.31.

MSC Income Fund (NYSE:MSIF) last announced its earnings results 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 company had revenue of $54.66 million during the quarter, compared to analyst estimates of $35.46 million.

MSC Income Fund Dividend Announcement

The business also recently announced a special dividend, which will be paid on Wednesday, December 23rd. Investors of record on Wednesday, December 16th will be given a $0.03 dividend. 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 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.