MSC Income Fund (NYSE:MSIF – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.
Several other analysts also recently weighed in on MSIF. Truist Financial cut their price target on MSC Income Fund from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday. Lucid Cap Mkts upgraded MSC Income Fund to a “hold” rating in a research note on Thursday, March 12th. Finally, UBS Group cut their price target on MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating on the stock in a research note on Monday. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.75.
Read Our Latest Research Report on MSIF
MSC Income Fund Price Performance
MSC Income Fund (NYSE:MSIF – Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.34 earnings per share for the quarter. The company had revenue of $52.10 million during the quarter.
Insider Transactions at MSC Income Fund
In other MSC Income Fund news, Director John O. Jr. Niemann acquired 4,922 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $12.10 per share, with a total value of $59,556.20. Following the transaction, the director owned 43,648 shares of the company’s stock, valued at $528,140.80. The trade was a 12.71% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Hedge Funds Weigh In On MSC Income Fund
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC bought a new position in MSC Income Fund in the 1st quarter valued at approximately $49,000. Raleigh Capital Management Inc. lifted its position in 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 acquiring an additional 1,923 shares in the last quarter. Sound Income Strategies LLC lifted 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 in the last quarter. Independent Wealth Network Inc. bought a new position in MSC Income Fund in the 1st quarter valued at approximately $140,000. Finally, Richmond Investment Services LLC bought a new position in MSC Income Fund in the 1st quarter valued at approximately $148,000.
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.
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