Short Interest in MSC Income Fund (NYSE:MSIF) Expands By 66.2%

MSC Income Fund (NYSE:MSIF) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 620,300 shares, a growth of 66.2% from the July 15th total of 373,246 shares. Based on an average trading volume of 301,769 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.3% of the company’s stock are sold short.

MSC Income Fund Trading Up 1.6%

MSIF opened at $12.40 on Wednesday. MSC Income Fund has a 12 month low of $10.80 and a 12 month high of $14.55. The firm has a market cap of $584.65 million and a PE ratio of -3,758.71. The firm has a 50 day simple moving average of $11.63.

MSC Income Fund (NYSE:MSIF) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). The business had revenue of $54.66 million during the quarter, compared to the consensus estimate of $35.46 million.

MSC Income Fund Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, December 23rd. Investors of record on Wednesday, December 16th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a yield of 1,121.0%.

Insider Buying and Selling at MSC Income Fund

In other news, Director Nicholas Meserve acquired 2,500 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average price of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the purchase, the director directly owned 12,500 shares of the company’s stock, valued at approximately $142,875. This trade represents a 25.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Dwayne L. Hyzak acquired 5,969 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of $11.68 per share, for a total transaction of $69,717.92. Following the purchase, the chief executive officer directly owned 70,712 shares of the company’s stock, valued at approximately $825,916.16. This trade represents a 9.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 17,905 shares of company stock valued at $210,066 over the last 90 days.

Institutional Trading of MSC Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in MSIF. Raleigh Capital Management Inc. boosted its holdings in shares of 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 acquiring an additional 1,923 shares in the last quarter. PFG Investments LLC boosted its stake in MSC Income Fund by 15.4% during the 1st quarter. PFG Investments LLC now owns 14,846 shares of the company’s stock valued at $181,000 after purchasing an additional 1,983 shares in the last quarter. Sound Income Strategies LLC increased its position 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 valued at $77,000 after purchasing an additional 2,350 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new position in shares of MSC Income Fund during the 2nd quarter valued at $42,000. Finally, Legacy Wealth Managment LLC ID raised its stake in shares of MSC Income Fund by 2.8% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 138,174 shares of the company’s stock worth $1,683,000 after buying an additional 3,767 shares in the last quarter.

Analyst Upgrades and Downgrades

MSIF has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of MSC Income Fund from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, August 10th. UBS Group dropped their target price on MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating on the stock in a research report on Monday, May 18th. B. Riley Financial initiated coverage on MSC Income Fund in a research note on Thursday, June 18th. They issued a “buy” rating and a $13.00 price target on the stock. Zacks Research raised MSC Income Fund from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Royal Bank Of Canada dropped their price objective on MSC Income Fund from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, MSC Income Fund has an average rating of “Moderate Buy” and an average price target of $14.12.

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.