B. Riley Financial Forecasts Strong Price Appreciation for MSC Income Fund (NYSE:MSIF) Stock

MSC Income Fund (NYSE:MSIF) had its price objective boosted by investment analysts at B. Riley Financial from $13.00 to $14.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial‘s price target points to a potential upside of 12.04% from the stock’s previous close.

A number of other equities research analysts have also issued reports on MSIF. Zacks Research raised shares of MSC Income Fund from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. UBS Group decreased their price target on shares of MSC Income Fund from $13.50 to $12.50 and set a “neutral” rating on the stock in a research note on Tuesday, September 1st. Truist Financial raised their price target on shares of MSC Income Fund from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Oppenheimer began coverage on shares of MSC Income Fund in a research report on Monday, October 26th. They set an “outperform” rating and a $15.00 price target on the stock. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.30.

MSC Income Fund Stock Up 0.0%

Shares of MSIF traded up $0.01 during mid-day trading on Wednesday, reaching $12.49. The company had a trading volume of 5,054 shares, compared to its average volume of 285,022. MSC Income Fund has a 52-week low of $10.80 and a 52-week high of $14.46. The stock has a market capitalization of $589.13 million and a P/E ratio of 6.29. The stock has a 50 day moving average of $12.08 and a two-hundred day moving average of $12.15.

MSC Income Fund (NYSE:MSIF) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $35.53 million during the quarter, compared to analysts’ expectations of $36.82 million.

Hedge Funds Weigh In On MSC Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSIF. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of MSC Income Fund in the 2nd quarter valued at $42,000. Western Wealth Management LLC purchased a new stake in shares of MSC Income Fund during the 1st quarter worth $49,000. Global Retirement Partners LLC acquired a new position in shares of MSC Income Fund during the second quarter worth $50,000. Silver Oak Securities Incorporated grew its stake in shares of MSC Income Fund by 77.4% during the third quarter. Silver Oak Securities Incorporated now owns 10,599 shares of the company’s stock worth $133,000 after purchasing an additional 4,623 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of MSC Income Fund during the second quarter worth $123,000.

MSC Income Fund is a business development company that provides financing to privately held U.S. businesses. It seeks to support companies’ growth and other business needs through a portfolio of debt and equity investments. The fund focuses on lower middle-market and middle-market companies, offering financing that may be used for acquisitions, recapitalizations, refinancing, and growth initiatives. Its investments include secured debt and, in some cases, equity interests. MSC Income Fund is externally managed by MSC Adviser I, LLC, an affiliate of Main Street Capital Corporation.