MSC Income Fund (NYSE:MSIF) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of MSC Income Fund (NYSE:MSIF) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday,Zacks.com reports.

MSIF has been the topic of a number of other research reports. Truist Financial lowered their price target on MSC Income Fund from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday. 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 report on Monday. Finally, Lucid Cap Mkts raised MSC Income Fund to a “hold” rating in a research report on Thursday, March 12th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.75.

MSC Income Fund Stock Down 0.2%

MSIF opened at $11.95 on Tuesday. The stock’s 50-day moving average is $12.60. The company has a market capitalization of $563.34 million and a price-to-earnings ratio of -3,621.70. MSC Income Fund has a 52-week low of $11.78 and a 52-week high of $18.09.

MSC Income Fund (NYSE:MSIF) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.34 earnings per share for the quarter. The business had revenue of $52.10 million for the quarter.

MSC Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 11.0%.

Insider Activity at MSC Income Fund

In other news, Director John O. Jr. Niemann bought 4,922 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were bought at an average price of $12.10 per share, with a total value of $59,556.20. Following the completion of the transaction, the director owned 43,648 shares of the company’s stock, valued at $528,140.80. This trade represents a 12.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hedge Funds Weigh In On MSC Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in MSIF. Brookstone Capital Management grew its position in shares of MSC Income Fund by 35.5% in the first quarter. Brookstone Capital Management now owns 17,007 shares of the company’s stock valued at $207,000 after purchasing an additional 4,460 shares during the last quarter. Riverbridge Partners LLC grew its position in shares of MSC Income Fund by 7.4% in the first quarter. Riverbridge Partners LLC now owns 113,574 shares of the company’s stock valued at $1,383,000 after purchasing an additional 7,861 shares during the last quarter. Independent Wealth Network Inc. acquired a new position in shares of MSC Income Fund in the first quarter valued at approximately $140,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of MSC Income Fund in the first quarter valued at approximately $215,000. Finally, Princeton Global Asset Management LLC grew its position in shares of MSC Income Fund by 48.8% in the first quarter. Princeton Global Asset Management LLC now owns 17,121 shares of the company’s stock valued at $209,000 after purchasing an additional 5,615 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.