MSC Income Fund (NYSE:MSIF) Receives Consensus Recommendation of “Hold” from Analysts

Shares of MSC Income Fund (NYSE:MSIF) have earned an average rating of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $14.1667.

A number of brokerages have recently commented on MSIF. Lucid Cap Mkts raised MSC Income Fund to a “hold” rating in a research note on Thursday, March 12th. UBS Group reduced their price objective on shares of MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating on the stock in a research note on Monday, May 18th. Royal Bank Of Canada decreased 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 report on Thursday, June 4th. Truist Financial cut their target price on shares of MSC Income Fund from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Finally, B. Riley Financial assumed coverage on shares of MSC Income Fund in a research report on Thursday. They set a “buy” rating on the stock.

Insiders Place Their Bets

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

Hedge Funds Weigh In On MSC Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Western Wealth Management LLC bought a new stake in MSC Income Fund during the 1st quarter worth approximately $49,000. Raleigh Capital Management Inc. lifted its stake in MSC Income Fund by 51.1% in the first quarter. Raleigh Capital Management Inc. now owns 5,685 shares of the company’s stock valued at $69,000 after buying an additional 1,923 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of MSC Income Fund by 59.8% in the first quarter. Sound Income Strategies LLC now owns 6,282 shares of the company’s stock valued at $77,000 after buying an additional 2,350 shares during the period. Independent Wealth Network Inc. acquired a new position in shares of MSC Income Fund in the first quarter valued at approximately $140,000. Finally, Richmond Investment Services LLC bought a new stake in shares of MSC Income Fund during the first quarter worth $148,000.

MSC Income Fund Stock Up 0.1%

Shares of MSC Income Fund stock traded up $0.01 during trading on Thursday, reaching $11.82. 26,584 shares of the company were exchanged, compared to its average volume of 328,277. The business’s 50-day simple moving average is $12.30. The stock has a market cap of $557.30 million and a price-to-earnings ratio of -3,582.90. MSC Income Fund has a twelve month low of $11.60 and a twelve month high of $17.60.

MSC Income Fund (NYSE:MSIF) last released its 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.

MSC Income Fund Announces Dividend

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

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.