MSC Income Fund (NYSE:MSIF) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts rate MSC Income Fund “Moderate Buy.” Of six covering firms, three recommend holding, two recommend buying, and one gives a strong-buy rating; the average 12-month price target is $13.875 versus a recent price of $11.77.
• MSIF reported quarterly earnings of $0.33 per share, missing the $0.38 consensus estimate. The company also declared a $0.03 special dividend payable December 23 to shareholders of record December 16.
• Insider and institutional activity has been generally supportive: insiders purchased 22,827 shares worth approximately $269,622 over the past 90 days, while several investment firms initiated or increased positions.

Shares of MSC Income Fund (NYSE:MSIF - Get Free Report) have received an average rating of "Moderate Buy" from the six research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $13.8750.

A number of equities analysts have weighed in on MSIF shares. 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 decreased their price target on shares of MSC Income Fund from $16.00 to $15.00 and set an "outperform" rating on the stock in a research note on Thursday, June 4th. B. Riley Financial began coverage on MSC Income Fund in a report on Thursday, June 18th. They set a "buy" rating and a $13.00 target price for the company. Zacks Research upgraded MSC Income Fund from a "strong sell" rating to a "hold" rating in a research report on Monday, July 20th. Finally, UBS Group lowered their price target on MSC Income Fund from $14.00 to $13.50 and set a "neutral" rating on the stock in a research note on Monday, May 18th.

MSC Income Fund Stock Performance

Shares of MSIF opened at $11.77 on Friday. The firm has a market capitalization of $555.13 million and a price-to-earnings ratio of -3,568.96. MSC Income Fund has a 12 month low of $10.80 and a 12 month high of $15.14. The firm has a 50 day simple moving average of $11.57.

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 for the quarter, missing the consensus estimate of $0.38 by ($0.05).

MSC Income Fund Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Wednesday, December 16th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, December 16th.

Insider Buying and Selling at MSC Income Fund

In other MSC Income Fund news, CEO Dwayne L. Hyzak bought 5,969 shares of the stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $11.68 per share, with a total value of $69,717.92. Following the purchase, the chief executive officer directly owned 70,712 shares in the company, valued at $825,916.16. This trade represents a 9.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Nicholas Meserve bought 2,500 shares of MSC Income Fund stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average price of $11.43 per share, with a total value of $28,575.00. Following the completion of the transaction, the director directly owned 12,500 shares of the company's stock, valued at approximately $142,875. The trade was a 25.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 22,827 shares of company stock worth $269,622.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of MSC Income Fund in the second quarter valued at approximately $42,000. Western Wealth Management LLC purchased a new stake in MSC Income Fund in the 1st quarter valued at $49,000. Global Retirement Partners LLC purchased a new stake in MSC Income Fund in the 2nd quarter valued at $50,000. Raleigh Capital Management Inc. increased its stake in shares of MSC Income Fund by 51.1% in the 1st quarter. Raleigh Capital Management Inc. now owns 5,685 shares of the company's stock worth $69,000 after acquiring an additional 1,923 shares during the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of MSC Income Fund by 59.8% in the 1st quarter. Sound Income Strategies LLC now owns 6,282 shares of the company's stock worth $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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