MSC Income Fund (NYSE:MSIF) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts give MSC Income Fund a “Moderate Buy” consensus, with three hold ratings, two buys and one strong buy. The average 12-month price target is $14.13.
• Insiders and institutions have increased their positions: insiders purchased 18,855 shares worth $222,131 over the past quarter, while several investment firms opened or expanded holdings during the second quarter.
• MSIF recently reported quarterly EPS of $0.33, below the $0.38 consensus estimate, despite revenue of $54.66 million exceeding expectations. The company also announced a $0.03 special dividend payable December 23 to shareholders of record December 16.

MSC Income Fund (NYSE:MSIF - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six analysts that are presently covering the firm, MarketBeat reports. Three research 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 objective among analysts that have issued a report on the stock in the last year is $14.1250.

Several equities analysts have recently weighed in on MSIF shares. Royal Bank Of Canada decreased 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 note on Thursday, June 4th. Truist Financial increased their target price on shares of MSC Income Fund from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, August 10th. UBS Group decreased their target price 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. Zacks Research upgraded shares of MSC Income Fund from a "strong sell" rating to a "hold" rating in a research note on Monday, July 20th. Finally, B. Riley Financial began 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 on the stock.

Insider Buying and Selling

In related news, Director Nicholas Meserve purchased 2,500 shares of the firm's stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average cost of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the purchase, the director directly owned 12,500 shares in the company, valued at $142,875. This trade represents a 25.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dwayne L. Hyzak purchased 5,969 shares of the stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $11.68 per share, for a total transaction of $69,717.92. Following the transaction, the chief executive officer directly owned 70,712 shares in the company, valued at approximately $825,916.16. The trade was a 9.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 18,855 shares of company stock worth $222,131.

Institutional Investors Weigh In On MSC Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. North Ground Capital bought a new position in shares of MSC Income Fund in the second quarter valued at $6,220,032. Sanders Morris Harris LLC raised its position in MSC Income Fund by 25.3% during the second quarter. Sanders Morris Harris LLC now owns 2,263,426 shares of the company's stock worth $26,188,000 after acquiring an additional 457,004 shares in the last quarter. Van ECK Associates Corp raised its position in MSC Income Fund by 35.8% during the second quarter. Van ECK Associates Corp now owns 915,670 shares of the company's stock worth $10,594,000 after acquiring an additional 241,495 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in MSC Income Fund in the second quarter valued at $2,433,000. Finally, BlackRock Inc. acquired a new stake in MSC Income Fund in the second quarter valued at $2,023,000.

MSC Income Fund Price Performance

MSIF opened at $12.91 on Tuesday. The firm has a 50-day moving average price of $11.80. MSC Income Fund has a 1 year low of $10.80 and a 1 year high of $14.46. The firm has a market cap of $608.69 million and a P/E ratio of -3,913.31.

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

MSC Income Fund Dividend Announcement

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

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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