MSC Income Fund (NYSE:MSIF) Short Interest Up 66.2% in July

MSC Income Fund (NYSE:MSIF) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 620,300 shares, an increase of 66.2% from the July 15th total of 373,246 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average trading volume of 301,769 shares, the days-to-cover ratio is currently 2.1 days.

Insider Buying and Selling at MSC Income Fund

In other news, Director Nicholas Meserve purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average cost of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the transaction, the director directly owned 12,500 shares of the company’s stock, valued at $142,875. This trade represents a 25.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey B. Walker purchased 3,933 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average price of $12.02 per share, for a total transaction of $47,274.66. Following the completion of the transaction, the director directly owned 26,311 shares of the company’s stock, valued at $316,258.22. This represents a 17.58% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 17,905 shares of company stock valued at $210,066.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MSIF. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of MSC Income Fund during the second quarter valued at approximately $42,000. Western Wealth Management LLC purchased a new position in MSC Income Fund in the 1st quarter worth approximately $49,000. Global Retirement Partners LLC purchased a new position in MSC Income Fund in the 2nd quarter worth approximately $50,000. Raleigh Capital Management Inc. raised its holdings in MSC Income Fund by 51.1% in 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 during the last quarter. Finally, Sound Income Strategies LLC lifted 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.

Analyst Upgrades and Downgrades

Several brokerages have commented on MSIF. Truist Financial raised their price objective on MSC Income Fund from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, August 10th. UBS Group decreased their price target on shares of MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating for the company in a research note on Monday, May 18th. B. Riley Financial assumed 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 for the company. Royal Bank Of Canada lowered 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 report on Thursday, June 4th. Finally, Zacks Research upgraded shares of MSC Income Fund from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.12.

MSC Income Fund Price Performance

NYSE:MSIF traded up $0.19 during trading hours on Tuesday, reaching $12.40. 189,881 shares of the company traded hands, compared to its average volume of 323,897. The firm has a 50-day moving average price of $11.61. MSC Income Fund has a 1 year low of $10.80 and a 1 year high of $14.55. The firm has a market capitalization of $584.65 million and a PE ratio of -3,758.71.

MSC Income Fund (NYSE:MSIF) last released its 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 $54.66 million during the quarter, compared to analysts’ expectations of $35.46 million.

MSC Income Fund Announces Dividend

The company also recently disclosed 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. This represents a yield of 1,121.0%. The ex-dividend date is Wednesday, December 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.