MSC Income Fund (NYSE:MSIF) Stock Has Consensus Target Price of $13.88 According to Analysts

Key Points

• Analyst sentiment is moderately bullish: MSC Income Fund has a consensus “Moderate Buy” rating from six analysts, with an average 12-month price target of $13.88 versus its recent $12.21 price.
• The company reported quarterly EPS of $0.33, missing the $0.38 consensus estimate, while revenue of $35.70 million slightly exceeded expectations.
• MSC Income Fund announced a $0.03 special dividend payable December 23 to shareholders of record December 16; CEO Dwayne Hyzak also increased his stake by purchasing 5,969 shares.

MSC Income Fund (NYSE:MSIF - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $13.88.

MSIF has been the subject of several research reports. 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 initiated coverage on shares of MSC Income Fund in a report on Thursday, June 18th. They set a "buy" rating and a $13.00 target price for the company. UBS Group decreased their target price on shares of MSC Income Fund from $13.50 to $12.50 and set a "neutral" rating for the company in a research report on Tuesday, September 1st. Truist Financial upped 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. Finally, Zacks Research raised MSC Income Fund from a "strong sell" rating to a "hold" rating in a research report on Monday, July 20th.

MSC Income Fund Stock Performance

MSC Income Fund stock opened at $12.21 on Friday. The business's 50-day simple moving average is $12.17 and its two-hundred day simple moving average is $12.19. The company has a market cap of $575.50 million and a PE ratio of -3,699.91. MSC Income Fund has a fifty-two week low of $10.80 and a fifty-two week high of $14.46.

MSC Income Fund (NYSE:MSIF - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $35.70 million for the quarter, compared to the consensus estimate of $35.46 million.

MSC Income Fund Dividend Announcement

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

Insider Activity at MSC Income Fund

In related news, CEO Dwayne Hyzak bought 5,969 shares of the company's stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $11.68 per share, with a total value of $69,717.92. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Investors Weigh In On MSC Income Fund

Hedge funds have recently bought and sold shares of the stock. Simplicity Wealth LLC purchased a new position in shares of MSC Income Fund during the 2nd quarter valued at approximately $394,000. Tactive Advisors LLC purchased a new stake in MSC Income Fund during the second quarter worth $176,000. MassMutual Private Wealth & Trust FSB acquired a new stake in MSC Income Fund during the second quarter valued at $42,000. Lido Advisors LLC acquired a new stake in MSC Income Fund during the first quarter valued at $163,000. Finally, Kestra Advisory Services LLC increased its holdings in MSC Income Fund by 22.2% in the first quarter. Kestra Advisory Services LLC now owns 32,436 shares of the company's stock valued at $395,000 after buying an additional 5,897 shares in the last quarter.

MSC Income Fund NYSE: MSIF is a closed-end investment company that has elected to operate as a business development company (BDC) under the Investment Company Act of 1940. The fund seeks to generate current income and, to a lesser extent, long-term capital appreciation by investing in privately held middle-market companies.

The fund primarily invests in debt securities, including first-lien, unitranche and second-lien loans, and may also invest in equity interests, preferred securities and warrants.

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