UBS Group Issues Pessimistic Forecast for MSC Income Fund (NYSE:MSIF) Stock Price

Key Points

• UBS Group lowered MSC Income Fund’s price target from $13.50 to $12.50 while maintaining a “neutral” rating, implying 2.47% downside from the stock’s $12.82 price. Analysts overall assign the shares a “Moderate Buy” rating with a consensus target of $13.88.
• MSC Income Fund reported quarterly earnings of $0.33 per share, missing the $0.38 consensus estimate, although revenue of $54.66 million exceeded expectations of $35.46 million.
• Company insiders purchased 18,855 shares worth about $222,131 over the past three months, while several institutional investors initiated or increased positions in the fund.

MSC Income Fund (NYSE:MSIF - Get Free Report) had its target price cut by analysts at UBS Group from $13.50 to $12.50 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's target price would suggest a potential downside of 2.47% from the stock's current price.

MSIF has been the topic of several other research reports. Truist Financial raised their price target 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. Royal Bank Of Canada decreased their price objective 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. B. Riley Financial began coverage on shares of MSC Income Fund in a research report on Thursday, June 18th. They issued a "buy" rating and a $13.00 price objective for the company. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $13.88.

MSC Income Fund Price Performance

Shares of NYSE:MSIF opened at $12.82 on Tuesday. The firm has a market capitalization of $604.26 million and a price-to-earnings ratio of -3,871.78. The stock's 50-day moving average price is $11.80. MSC Income Fund has a 12 month low of $10.80 and a 12 month high of $14.46.

MSC Income Fund (NYSE:MSIF - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.05). The firm had revenue of $54.66 million during the quarter, compared to analyst estimates of $35.46 million.

Insider Activity at MSC Income Fund

In other news, Director Jeffrey B. Walker purchased 3,933 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average cost of $12.02 per share, with a total value of $47,274.66. Following the acquisition, the director owned 26,311 shares in the company, valued at approximately $316,258.22. This trade represents a 17.58% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dwayne L. Hyzak acquired 5,969 shares of the business's stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of $11.68 per share, for a total transaction of $69,717.92. Following the acquisition, the chief executive officer directly owned 70,712 shares in the company, valued at $825,916.16. This represents a 9.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 18,855 shares of company stock valued at $222,131.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MSIF. MassMutual Private Wealth & Trust FSB purchased a new position in shares of MSC Income Fund during the 2nd quarter valued at approximately $42,000. Western Wealth Management LLC bought a new stake in shares of MSC Income Fund in the first quarter worth $49,000. Global Retirement Partners LLC bought a new stake in shares of MSC Income Fund in the second quarter worth $50,000. Raleigh Capital Management Inc. raised its holdings in MSC Income Fund by 51.1% in the first quarter. Raleigh Capital Management Inc. now owns 5,685 shares of the company's stock valued at $69,000 after acquiring an additional 1,923 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in MSC Income Fund by 59.8% during 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 during the last quarter.

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.

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