MSC Income Fund (NYSE:MSIF – Free Report) had its price target upped by B. Riley Financial from $13.00 to $14.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.
A number of other equities analysts have also recently issued reports 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 on the stock in a research report on Tuesday, September 1st. Truist Financial raised their target price on MSC Income Fund from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Oppenheimer started coverage on MSC Income Fund in a research report on Monday, October 26th. They issued an “outperform” rating and a $15.00 target price for the company. Finally, Zacks Research raised MSC Income Fund from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.30.
Check Out Our Latest Analysis on MSIF
MSC Income Fund Stock Up 0.4%
Shares of NYSE MSIF opened at $12.54 on Wednesday. The firm has a market cap of $591.01 million and a PE ratio of 6.33. MSC Income Fund has a 12-month low of $10.80 and a 12-month high of $14.46. The company’s fifty day simple moving average is $12.08 and its 200 day simple moving average is $12.15.
MSC Income Fund (NYSE:MSIF – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $35.53 million for the quarter, compared to analyst estimates of $36.82 million.
MSC Income Fund Announces Dividend
The firm also recently declared a special dividend, which will be paid on Tuesday, March 23rd. Investors of record on Tuesday, March 16th will be given a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, March 16th. MSC Income Fund’s dividend payout ratio (DPR) is presently 66.67%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of MSIF. EP Wealth Advisors LLC bought a new position in shares of MSC Income Fund in the second quarter valued at $123,000. Global Retirement Partners LLC bought a new stake in shares of MSC Income Fund during the second quarter worth about $50,000. Allworth Financial LP bought a new stake in shares of MSC Income Fund during the second quarter worth about $317,000. True Freedom Investing LLC bought a new stake in shares of MSC Income Fund during the second quarter worth about $171,000. Finally, Perigon Wealth Management LLC acquired a new stake in shares of MSC Income Fund in the 2nd quarter worth about $422,000.
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.
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