MSC Income Fund (NYSE:MSIF) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of MSC Income Fund (NYSE:MSIF) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $13.88.

A number of brokerages have recently issued reports on MSIF. Zacks Research raised MSC Income Fund from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Truist Financial raised their price target on MSC Income Fund from $14.00 to $15.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, UBS Group decreased their price target on 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.

Institutional Investors Weigh In On MSC Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of MSC Income Fund during the 2nd quarter worth $42,000. Western Wealth Management LLC acquired a new position in shares of MSC Income Fund during the 1st quarter worth $49,000. Global Retirement Partners LLC acquired a new position in shares of MSC Income Fund during the 2nd quarter worth $50,000. Raleigh Capital Management Inc. increased its holdings 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 valued at $69,000 after purchasing an additional 1,923 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings 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 valued at $77,000 after purchasing an additional 2,350 shares in the last quarter.

MSC Income Fund Stock Up 0.1%

NYSE MSIF opened at $11.49 on Wednesday. The stock has a market capitalization of $541.74 million and a P/E ratio of 5.37. MSC Income Fund has a 52-week low of $10.80 and a 52-week high of $14.46. The firm has a 50-day moving average price of $12.27 and a 200 day moving average price of $12.07.

MSC Income Fund (NYSE:MSIF) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.33 earnings per share 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 firm also recently disclosed a special dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Wednesday, December 16th will be given a $0.03 dividend. The ex-dividend date is Wednesday, December 16th. This represents a yield of 1,121.0%.

MSC Income Fund is a business development company that invests primarily in privately owned, lower middle-market companies in the United States. The fund seeks to provide financing to businesses that may not have access to traditional bank lending or public capital markets.

Its investment portfolio generally consists of secured and unsecured debt investments, including first-lien, unitranche and second-lien loans, as well as select equity investments and other securities. Through these investments, MSC Income Fund aims to generate current income while also pursuing long-term capital appreciation.

The fund is externally managed and is affiliated with Main Street Capital Corporation, an investment firm focused on providing customized debt and equity financing to lower middle-market and middle-market businesses.