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

Shares of MSC Income Fund (NYSE:MSIF) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three 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 target among brokerages that have issued ratings on the stock in the last year is $14.1250.

Several research analysts have recently commented on MSIF shares. Royal Bank Of Canada reduced their target price on 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. B. Riley Financial initiated coverage on MSC Income Fund in a report on Thursday, June 18th. They set a “buy” rating and a $13.00 price target for the company. UBS Group reduced their price objective 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. Truist Financial upped 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. 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.

MSC Income Fund Price Performance

Shares of NYSE:MSIF opened at $12.42 on Friday. MSC Income Fund has a 52-week low of $10.80 and a 52-week high of $14.59. The firm has a market cap of $585.68 million and a P/E ratio of -3,765.38. The firm has a 50-day moving average price of $11.59.

MSC Income Fund (NYSE:MSIF) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). The business had revenue of $54.66 million during the quarter, compared to analysts’ expectations of $35.46 million.

MSC Income Fund Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, December 23rd. Investors of record on Wednesday, December 16th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, December 16th. This represents a yield of 1,121.0%.

Insider Buying and Selling at MSC Income Fund

In other news, CEO Dwayne L. Hyzak bought 5,969 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $11.68 per share, with a total value of $69,717.92. Following the completion of the transaction, the chief executive officer owned 70,712 shares of the company’s stock, valued at $825,916.16. This trade represents a 9.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey B. Walker bought 3,933 shares of the stock in a transaction dated 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 purchase, the director owned 26,311 shares of the company’s stock, valued at $316,258.22. This trade represents a 17.58% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 17,905 shares of company stock valued at $210,066 in the last three months.

Institutional Trading of MSC Income Fund

Several institutional investors have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. increased its position in MSC Income Fund by 51.1% during the 1st quarter. Raleigh Capital Management Inc. now owns 5,685 shares of the company’s stock worth $69,000 after buying an additional 1,923 shares during the period. PFG Investments LLC grew its stake in shares of MSC Income Fund by 15.4% in the first quarter. PFG Investments LLC now owns 14,846 shares of the company’s stock valued at $181,000 after acquiring an additional 1,983 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of MSC Income Fund by 59.8% in the first 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. MassMutual Private Wealth & Trust FSB bought a new position in MSC Income Fund during the second quarter worth about $42,000. Finally, Legacy Wealth Managment LLC ID increased its position in MSC Income Fund by 2.8% during the first quarter. Legacy Wealth Managment LLC ID now owns 138,174 shares of the company’s stock worth $1,683,000 after acquiring an additional 3,767 shares during the period.

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.