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

Shares of MSC Income Fund (NYSE:MSIF) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $13.88.

Several research analysts have recently weighed in on the company. UBS Group reduced their target price on MSC Income Fund from $13.50 to $12.50 and set a “neutral” rating for the company in a research note on Tuesday, September 1st. Truist Financial boosted their price target 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. 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 objective for the company. 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 on the stock in a report on Thursday, June 4th. Finally, Zacks Research upgraded shares of MSC Income Fund from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th.

MSC Income Fund Trading Up 0.3%

NYSE MSIF opened at $12.21 on Friday. The stock has a market capitalization of $575.50 million and a price-to-earnings ratio of -3,699.91. MSC Income Fund has a twelve month low of $10.80 and a twelve month high of $14.46. The stock has a 50-day moving average of $12.17 and a 200 day moving average of $12.19.

MSC Income Fund (NYSE:MSIF) last issued its quarterly 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 business had revenue of $35.70 million during the quarter, compared to the consensus estimate of $35.46 million.

MSC Income Fund Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Dwayne Hyzak acquired 5,969 shares of the stock in a transaction that occurred 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 acquisition, the chief executive officer owned 70,712 shares in the company, valued at approximately $825,916.16. This represents a 9.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge Funds Weigh In On MSC Income Fund

A number of hedge funds have recently made changes to their positions in MSIF. Integrated Wealth Concepts LLC acquired a new position in MSC Income Fund in the 2nd quarter valued at $131,000. RFG Advisory LLC purchased a new position in MSC Income Fund in the 2nd quarter valued at $656,000. Beacon Financial Advisory LLC boosted its stake in MSC Income Fund by 12.3% during the 2nd quarter. Beacon Financial Advisory LLC now owns 41,917 shares of the company’s stock worth $485,000 after purchasing an additional 4,592 shares during the last quarter. Tsfg LLC boosted its stake in MSC Income Fund by 149.4% during the 2nd quarter. Tsfg LLC now owns 18,315 shares of the company’s stock worth $212,000 after purchasing an additional 10,972 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of MSC Income Fund during the second quarter worth $132,000.

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.