MSC Income Fund (NYSE:MSIF) Given Average Rating of “Hold” by Analysts

Shares of MSC Income Fund (NYSE:MSIFGet Free Report) have been given an average recommendation of “Hold” by the six brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $14.1667.

A number of research firms have commented on MSIF. B. Riley Financial initiated coverage on MSC Income Fund in a research note on Thursday. They issued a “buy” rating on the stock. UBS Group cut their price target on MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating for the company in a report on Monday, May 18th. Royal Bank Of Canada reduced their price target on shares of 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. Zacks Research lowered shares of MSC Income Fund from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, Lucid Cap Mkts upgraded shares of MSC Income Fund to a “hold” rating in a research report on Thursday, March 12th.

Check Out Our Latest Analysis on MSIF

Insider Buying and Selling

In other news, CEO Dwayne L. Hyzak acquired 4,274 shares of MSC Income Fund stock in a transaction on Tuesday, June 9th. The shares were purchased at an average price of $11.69 per share, with a total value of $49,963.06. Following the acquisition, the chief executive officer owned 64,743 shares in the company, valued at $756,845.67. This represents a 7.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey B. Walker acquired 3,933 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $12.02 per share, for a total transaction of $47,274.66. Following the completion of the transaction, the director directly owned 26,311 shares in the company, valued at approximately $316,258.22. The trade was a 17.58% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 15,183 shares of company stock worth $181,394 in the last quarter.

Hedge Funds Weigh In On MSC Income Fund

Several hedge funds have recently added to or reduced their stakes in MSIF. Western Wealth Management LLC bought a new stake in MSC Income Fund during the 1st quarter worth about $49,000. Raleigh Capital Management Inc. boosted its stake 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 during the last quarter. Sound Income Strategies LLC grew its position in shares of MSC Income Fund by 59.8% during the 1st quarter. Sound Income Strategies LLC now owns 6,282 shares of the company’s stock worth $77,000 after buying an additional 2,350 shares during the period. Independent Wealth Network Inc. acquired a new stake in shares of MSC Income Fund during the 1st quarter worth approximately $140,000. Finally, Richmond Investment Services LLC bought a new stake in shares of MSC Income Fund during the first quarter worth approximately $148,000.

MSC Income Fund Stock Performance

Shares of NYSE MSIF traded up $0.01 during mid-day trading on Thursday, hitting $11.82. 26,584 shares of the stock were exchanged, compared to its average volume of 328,277. MSC Income Fund has a twelve month low of $11.60 and a twelve month high of $17.60. The firm’s fifty day moving average price is $12.30. The firm has a market cap of $557.30 million and a P/E ratio of -3,582.90.

MSC Income Fund (NYSE:MSIFGet Free Report) last announced its earnings results on Thursday, February 26th. The company reported $0.34 EPS for the quarter. The business had revenue of $52.10 million during the quarter.

MSC Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%.

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.

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Analyst Recommendations for MSC Income Fund (NYSE:MSIF)

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