MSC Income Fund (NYSE:MSIF) Stock Price Down 0.8% – Time to Sell?

MSC Income Fund (NYSE:MSIF)’s stock price was down 0.8% during trading on Thursday . The company traded as low as $11.69 and last traded at $11.7280. Approximately 263,148 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 332,330 shares. The stock had previously closed at $11.82.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Lucid Cap Mkts raised shares of MSC Income Fund to a “hold” rating in a report on Thursday, March 12th. UBS Group cut their target price on shares of MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating on the stock in a report on Monday, May 18th. Zacks Research cut shares of MSC Income Fund from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Royal Bank Of Canada cut their target price 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, Truist Financial cut their target price on shares of MSC Income Fund from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.17.

MSC Income Fund Trading Up 2.1%

The stock has a fifty day moving average price of $12.33. The firm has a market capitalization of $563.95 million and a PE ratio of -3,625.64.

MSC Income Fund (NYSE:MSIF) last released 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 Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend is Wednesday, September 16th.

Insider Activity

In other MSC Income Fund news, Director Jeffrey B. Walker purchased 3,933 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were bought at an average price of $12.02 per share, with a total value of $47,274.66. Following the completion of the acquisition, the director owned 26,311 shares in the company, valued at approximately $316,258.22. This represents a 17.58% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John O. Jr. Niemann purchased 4,922 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $12.10 per share, for a total transaction of $59,556.20. Following the acquisition, the director owned 43,648 shares of the company’s stock, valued at approximately $528,140.80. The trade was a 12.71% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 14,183 shares of company stock valued at $169,614.

Institutional Investors Weigh In On MSC Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. raised its holdings in MSC Income Fund by 51.1% during the first quarter. Raleigh Capital Management Inc. now owns 5,685 shares of the company’s stock worth $69,000 after purchasing an additional 1,923 shares in the last quarter. PFG Investments LLC raised its holdings in MSC Income Fund by 15.4% during the first quarter. PFG Investments LLC now owns 14,846 shares of the company’s stock worth $181,000 after purchasing an additional 1,983 shares in the last quarter. Sound Income Strategies LLC raised its holdings in MSC Income Fund by 59.8% during the first quarter. Sound Income Strategies LLC now owns 6,282 shares of the company’s stock worth $77,000 after purchasing an additional 2,350 shares in the last quarter. Legacy Wealth Managment LLC ID raised its holdings in MSC Income Fund by 2.8% during the first quarter. Legacy Wealth Managment LLC ID now owns 138,174 shares of the company’s stock worth $1,683,000 after purchasing an additional 3,767 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in MSC Income Fund during the first quarter worth approximately $49,000.

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.