Zacks Research Downgrades MSC Income Fund (NYSE:MSIF) to Strong Sell

MSC Income Fund (NYSE:MSIF) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

MSIF has been the topic of several other reports. Truist Financial reduced their price objective on MSC Income Fund from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday. Lucid Cap Mkts upgraded MSC Income Fund to a “hold” rating in a report on Thursday, March 12th. Finally, UBS Group dropped their target price on MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating for the company in a report on Monday. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, MSC Income Fund presently has a consensus rating of “Hold” and an average price target of $13.75.

MSC Income Fund Price Performance

Shares of MSC Income Fund stock opened at $11.95 on Tuesday. The company has a market cap of $563.34 million and a price-to-earnings ratio of -3,621.70. The firm’s 50-day moving average price is $12.60. MSC Income Fund has a 12 month low of $11.78 and a 12 month high of $18.09.

MSC Income Fund (NYSE:MSIF) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.34 EPS for the quarter. The firm had revenue of $52.10 million for the quarter.

Insiders Place Their Bets

In related news, Director John O. Jr. Niemann bought 4,922 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $12.10 per share, for a total transaction of $59,556.20. Following the acquisition, the director directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Investors Weigh In On MSC Income Fund

Several institutional investors have recently bought and sold shares of the stock. Richmond Investment Services LLC purchased a new stake in MSC Income Fund in the 1st quarter worth approximately $148,000. Meridian Investment Counsel Inc. lifted its holdings in MSC Income Fund by 150.5% in the 1st quarter. Meridian Investment Counsel Inc. now owns 40,700 shares of the company’s stock worth $496,000 after buying an additional 24,450 shares during the period. Raleigh Capital Management Inc. lifted its holdings 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 worth $69,000 after buying an additional 1,923 shares during the period. Beacon Financial Advisory LLC purchased a new stake in MSC Income Fund in the 1st quarter worth approximately $455,000. Finally, PFG Investments LLC lifted its holdings in MSC Income Fund by 15.4% in the 1st quarter. PFG Investments LLC now owns 14,846 shares of the company’s stock worth $181,000 after buying an additional 1,983 shares during the period.

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.