Analysts Set MSC Income Fund (NYSE:MSIF) Price Target at $14.12

Shares of MSC Income Fund (NYSE:MSIF) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $13.8750.

Several research firms recently commented on MSIF. UBS Group dropped their price target on 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. Zacks Research raised MSC Income Fund from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. B. Riley Financial assumed coverage on MSC Income Fund in a report on Thursday, June 18th. They issued a “buy” rating and a $13.00 target price for the company. Truist Financial boosted their target price on MSC Income Fund from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada cut their target price on MSC Income Fund from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th.

Insiders Place Their Bets

In other news, Director Nicholas Meserve bought 2,500 shares of MSC Income Fund stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of $11.43 per share, with a total value of $28,575.00. Following the completion of the purchase, the director owned 12,500 shares in the company, valued at $142,875. The trade was a 25.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Dwayne Hyzak bought 5,969 shares of MSC Income Fund stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of $11.68 per share, for a total transaction of $69,717.92. Following the purchase, the chief executive officer owned 70,712 shares of the company’s stock, valued at approximately $825,916.16. This trade represents a 9.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 10,419 shares of company stock worth $122,138 in the last quarter.

Institutional Trading of MSC Income Fund

Several institutional investors have recently added to or reduced their stakes in MSIF. MassMutual Private Wealth & Trust FSB bought a new position in shares of MSC Income Fund during the second quarter valued at approximately $42,000. Western Wealth Management LLC bought a new stake in shares of MSC Income Fund during the 1st quarter worth approximately $49,000. Global Retirement Partners LLC purchased a new position in MSC Income Fund during the 2nd quarter valued at $50,000. Raleigh Capital Management Inc. boosted its holdings in MSC Income Fund by 51.1% during the 1st quarter. Raleigh Capital Management Inc. now owns 5,685 shares of the company’s stock valued at $69,000 after acquiring an additional 1,923 shares during the period. Finally, Sound Income Strategies LLC grew its position in 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 acquiring an additional 2,350 shares during the last quarter.

MSC Income Fund Trading Down 0.2%

NYSE:MSIF opened at $12.63 on Tuesday. The company has a market cap of $595.49 million and a P/E ratio of -3,828.43. MSC Income Fund has a 1 year low of $10.80 and a 1 year high of $14.46. The business has a 50 day moving average price of $11.92.

MSC Income Fund (NYSE:MSIF) last posted its earnings results 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 firm had revenue of $35.70 million for the quarter, compared to analysts’ expectations of $35.46 million.

MSC Income Fund Announces Dividend

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

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.