MSC Income Fund (NYSE:MSIF) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

MSC Income Fund (NYSE:MSIF)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $12.14 and traded as high as $12.37. MSC Income Fund shares last traded at $12.32, with a volume of 188,581 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MSIF. Zacks Research raised shares of MSC Income Fund from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. UBS Group reduced their price objective on shares of MSC Income Fund from $13.50 to $12.50 and set a “neutral” rating for the company in a research report on Tuesday, September 1st. Oppenheimer started coverage on shares of MSC Income Fund in a report on Monday, October 26th. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, Truist Financial increased their price objective on shares of MSC Income Fund from $14.00 to $15.00 and gave the company a “buy” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $14.10.

MSC Income Fund Stock Performance

The company has a 50 day simple moving average of $12.10 and a 200 day simple moving average of $12.14. The company has a market capitalization of $580.88 million and a PE ratio of 5.76.

MSC Income Fund (NYSE:MSIF) last announced 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 business had revenue of $35.70 million during the quarter, compared to analyst estimates of $35.46 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB purchased a new position in MSC Income Fund in the 2nd quarter valued at $42,000. Western Wealth Management LLC acquired a new stake in MSC Income Fund during the 1st quarter worth $49,000. Global Retirement Partners LLC purchased a new stake in shares of MSC Income Fund during the second quarter worth $50,000. EP Wealth Advisors LLC purchased a new stake in shares of MSC Income Fund during the second quarter worth $123,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of MSC Income Fund during the second quarter worth $131,000.

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.