MSC Income Fund (NYSE:MSIF) Raised to Hold at Zacks Research

MSC Income Fund (NYSE:MSIFGet Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also commented on MSIF. Royal Bank Of Canada dropped their price objective on shares of MSC Income Fund from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. UBS Group dropped their price target on shares of MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating for the company in a research note on Monday, May 18th. B. Riley Financial initiated coverage on shares of MSC Income Fund in a research report on Thursday, June 18th. They issued a “buy” rating and a $13.00 price objective on the stock. Finally, Truist Financial dropped their target price on MSC Income Fund from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, MSC Income Fund has a consensus rating of “Moderate Buy” and a consensus price target of $13.88.

Check Out Our Latest Stock Report on MSIF

MSC Income Fund Price Performance

NYSE:MSIF opened at $11.12 on Monday. The company has a market cap of $524.53 million and a price-to-earnings ratio of -3,372.23. The company has a 50 day moving average of $11.75. MSC Income Fund has a 1 year low of $11.09 and a 1 year high of $16.85.

Insider Transactions at MSC Income Fund

In other news, CEO Dwayne L. Hyzak acquired 5,969 shares of MSC Income Fund stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $11.68 per share, for a total transaction of $69,717.92. Following the acquisition, the chief executive officer directly owned 70,712 shares of the company’s stock, valued at $825,916.16. This trade represents a 9.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Nicholas Meserve bought 2,500 shares of the stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average price of $11.43 per share, with a total value of $28,575.00. Following the completion of the acquisition, the director directly owned 12,500 shares in the company, valued at approximately $142,875. This trade represents a 25.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 22,827 shares of company stock worth $269,622 in the last ninety days.

Hedge Funds Weigh In On MSC Income Fund

Several institutional investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB bought a new stake in MSC Income Fund during the 2nd quarter valued at $42,000. Western Wealth Management LLC bought a new position in shares of MSC Income Fund in the 1st quarter worth $49,000. Raleigh Capital Management Inc. raised its position 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 worth $69,000 after acquiring an additional 1,923 shares in the last quarter. Sound Income Strategies LLC lifted its stake 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 purchasing an additional 2,350 shares during the last quarter. Finally, Independent Wealth Network Inc. bought a new stake in MSC Income Fund during the first quarter valued at about $140,000.

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.

Further Reading

Analyst Recommendations for MSC Income Fund (NYSE:MSIF)

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