MSC Income Fund (NYSE:MSIF) Stock Has Average Target Price of $14.30 According to Analysts

Key Points

• Analyst sentiment is moderately positive: Seven brokerages average a “Moderate Buy” rating, with a 12-month price target of $14.30 versus the latest reported share price of $12.45.
• Recent analyst views were mixed: B. Riley and Truist raised their targets to $14 and $15, respectively, while UBS cut its target to $12.50 and maintained a neutral rating.
• Quarterly results fell slightly short of estimates: MSC Income Fund reported EPS of $0.34 versus $0.35 expected and revenue of $35.53 million versus $36.82 million expected; it also announced a $0.03-per-share special dividend.

MSC Income Fund (NYSE:MSIF - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $14.30.

A number of research analysts recently weighed in on MSIF shares. UBS Group lowered their target price 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. B. Riley Financial upped their target price on shares of MSC Income Fund from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday. Truist Financial increased their price target on MSC Income Fund from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Zacks Research upgraded MSC Income Fund from a "strong sell" rating to a "hold" rating in a research report on Monday, July 20th. Finally, Oppenheimer initiated coverage on MSC Income Fund in a research note on Monday, October 26th. They issued an "outperform" rating and a $15.00 price objective for the company.

MSC Income Fund Trading Up 0.1%

NYSE MSIF traded up $0.01 on Friday, reaching $12.45. 145,041 shares of the stock were exchanged, compared to its average volume of 284,489. MSC Income Fund has a one year low of $10.80 and a one year high of $14.46. The firm has a market capitalization of $561.66 million and a PE ratio of 6.29. The company's 50-day simple moving average is $12.07 and its two-hundred day simple moving average is $12.15.

MSC Income Fund (NYSE:MSIF - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The business had revenue of $35.53 million for the quarter, compared to analyst estimates of $36.82 million.

MSC Income Fund Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, March 23rd. Investors of record on Tuesday, March 16th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, March 16th. MSC Income Fund's dividend payout ratio (DPR) is 66.67%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB purchased a new stake in MSC Income Fund during the 2nd quarter valued at approximately $42,000. Western Wealth Management LLC purchased a new position in shares of MSC Income Fund in the first quarter worth $49,000. Global Retirement Partners LLC bought a new position in shares of MSC Income Fund during the second quarter worth $50,000. EP Wealth Advisors LLC bought a new position in shares of MSC Income Fund during the second quarter worth $123,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of MSC Income Fund during the second quarter worth $131,000.

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.

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