MSC Income Fund (NYSE:MSIF) Rating Increased to Hold at Zacks Research

Key Points

• Zacks Research upgraded MSC Income Fund from a “strong sell” to a “hold,” while the broader analyst picture remains mixed with an average rating of Moderate Buy and a $13.88 price target.
• The stock was trading down about 1.1% at $11.12, near its 1-year low of $11.09 and below its 50-day moving average of $11.75.
• Insiders and institutions have been buying shares recently, including two directors whose purchases lifted their ownership stakes, and several hedge funds increased or initiated positions in the first quarter.

MSC Income Fund (NYSE:MSIF - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the stock. Truist Financial reduced their price objective on shares of MSC Income Fund from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, May 19th. Royal Bank Of Canada reduced 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 report on Thursday, June 4th. UBS Group lowered their price objective on MSC Income Fund from $14.00 to $13.50 and set a "neutral" rating on the stock in a report on Monday, May 18th. Finally, B. Riley Financial assumed coverage on MSC Income Fund in a research note on Thursday, June 18th. They set a "buy" rating and a $13.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $13.88.

MSC Income Fund Trading Down 1.1%

Shares of MSIF stock opened at $11.12 on Monday. The firm has a market cap of $524.53 million and a P/E ratio of -3,372.23. The stock's 50 day simple moving average is $11.75. MSC Income Fund has a 1-year low of $11.09 and a 1-year high of $16.85.

Insider Buying and Selling

In related news, Director Jeffrey B. Walker acquired 3,933 shares of the stock in a transaction on Friday, June 5th. The shares were bought at an average price of $12.02 per share, with a total value of $47,274.66. Following the completion of the purchase, the director owned 26,311 shares of the company's stock, valued at approximately $316,258.22. This represents a 17.58% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nicholas Meserve bought 2,500 shares of the company's stock in a transaction on Tuesday, June 23rd. The stock was bought at an average price of $11.43 per share, with a total value of $28,575.00. Following the completion of the acquisition, the director owned 12,500 shares in the company, valued at $142,875. This represents a 25.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 22,827 shares of company stock valued at $269,622 over the last ninety days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Lido Advisors LLC purchased a new position in MSC Income Fund during the first quarter worth about $163,000. Simplicity Wealth LLC boosted its holdings in MSC Income Fund by 55.6% in the 1st quarter. Simplicity Wealth LLC now owns 33,233 shares of the company's stock valued at $405,000 after purchasing an additional 11,875 shares during the last quarter. Money Concepts Capital Corp increased its holdings in shares of MSC Income Fund by 69.6% during the 1st quarter. Money Concepts Capital Corp now owns 18,074 shares of the company's stock worth $220,000 after buying an additional 7,416 shares during the last quarter. Global Assets Advisory LLC increased its holdings in shares of MSC Income Fund by 50.9% during the 1st quarter. Global Assets Advisory LLC now owns 15,781 shares of the company's stock worth $192,000 after buying an additional 5,325 shares during the last quarter. Finally, Carmel Capital Partners LLC raised its position in shares of MSC Income Fund by 54.4% during the 1st quarter. Carmel Capital Partners LLC now owns 18,312 shares of the company's stock valued at $223,000 after buying an additional 6,449 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.

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