MSC Income Fund (NYSE:MSIF) Stock Price Target Raised at B. Riley Financial

MSC Income Fund (NYSE:MSIF) had its target price upped by investment analysts at B. Riley Financial from $13.00 to $14.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial‘s price objective indicates a potential upside of 12.04% from the company’s current price.

A number of other equities analysts also recently commented on the stock. UBS Group cut their price objective 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 lifted their target price 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. Oppenheimer started coverage on shares of MSC Income Fund in a report on Monday, October 26th. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, Zacks Research upgraded shares of MSC Income Fund from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, MSC Income Fund has a consensus rating of “Moderate Buy” and an average target price of $14.30.

MSC Income Fund Trading Up 0.0%

NYSE:MSIF traded up $0.01 during midday trading on Wednesday, hitting $12.49. 5,054 shares of the company were exchanged, compared to its average volume of 285,022. The company has a fifty day simple moving average of $12.08 and a 200 day simple moving average of $12.15. MSC Income Fund has a fifty-two week low of $10.80 and a fifty-two week high of $14.46. The company has a market capitalization of $589.13 million and a PE ratio of 6.29.

MSC Income Fund (NYSE:MSIF) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $35.53 million during the quarter, compared to analyst estimates of $36.82 million.

Hedge Funds Weigh In On MSC Income Fund

A number of institutional investors have recently made changes to their positions in MSIF. MassMutual Private Wealth & Trust FSB purchased a new position in MSC Income Fund in the 2nd quarter valued at about $42,000. Western Wealth Management LLC acquired a new stake in shares of MSC Income Fund during the 1st quarter worth about $49,000. Global Retirement Partners LLC acquired a new stake in shares of MSC Income Fund during the 2nd quarter worth about $50,000. Silver Oak Securities Incorporated grew its holdings in shares of MSC Income Fund by 77.4% during the third quarter. Silver Oak Securities Incorporated now owns 10,599 shares of the company’s stock worth $133,000 after buying an additional 4,623 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of MSC Income Fund during the second quarter worth about $123,000.

MSC Income Fund is a business development company that provides financing to privately held U.S. businesses. It seeks to support companies’ growth and other business needs through a portfolio of debt and equity investments. The fund focuses on lower middle-market and middle-market companies, offering financing that may be used for acquisitions, recapitalizations, refinancing, and growth initiatives. Its investments include secured debt and, in some cases, equity interests. MSC Income Fund is externally managed by MSC Adviser I, LLC, an affiliate of Main Street Capital Corporation.