MSC Income Fund (NYSE:MSIF) Given Average Recommendation of “Moderate Buy” by Brokerages

MSC Income Fund (NYSE:MSIF) has received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $13.8750.

Several equities analysts recently issued reports on the company. Zacks Research cut MSC Income Fund from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Royal Bank Of Canada lowered their target price 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. B. Riley Financial started coverage on MSC Income Fund in a research report on Thursday, June 18th. They issued a “buy” rating and a $13.00 price target for the company. UBS Group cut their price target on 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. Finally, Truist Financial decreased their price objective on shares of MSC Income Fund from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th.

Insider Buying and Selling at MSC Income Fund

In other MSC Income Fund news, Director John O. Jr. Niemann purchased 4,922 shares of MSC Income Fund stock in a transaction on Friday, May 15th. The shares were bought at an average price of $12.10 per share, with a total value of $59,556.20. Following the completion of the acquisition, the director directly owned 43,648 shares of the company’s stock, valued at approximately $528,140.80. This trade represents a 12.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nicholas Meserve acquired 2,500 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of $11.43 per share, with a total value of $28,575.00. Following the completion of the purchase, the director owned 12,500 shares in the company, valued at approximately $142,875. This represents a 25.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 22,827 shares of company stock worth $269,622.

Institutional Investors Weigh In On MSC Income Fund

A number of large investors have recently bought and sold shares of MSIF. Brookstone Capital Management raised its holdings in shares of MSC Income Fund by 35.5% in the first quarter. Brookstone Capital Management now owns 17,007 shares of the company’s stock worth $207,000 after acquiring an additional 4,460 shares during the last quarter. Riverbridge Partners LLC boosted its stake in shares of MSC Income Fund by 7.4% during the first quarter. Riverbridge Partners LLC now owns 113,574 shares of the company’s stock valued at $1,383,000 after acquiring an additional 7,861 shares during the last quarter. Independent Wealth Network Inc. acquired a new stake in shares of MSC Income Fund during the first quarter valued at $140,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in MSC Income Fund during the 1st quarter worth about $215,000. Finally, Princeton Global Asset Management LLC increased its position in MSC Income Fund by 48.8% during the 1st quarter. Princeton Global Asset Management LLC now owns 17,121 shares of the company’s stock worth $209,000 after purchasing an additional 5,615 shares in the last quarter.

MSC Income Fund Price Performance

Shares of NYSE:MSIF opened at $11.31 on Monday. The stock has a market cap of $533.26 million and a price-to-earnings ratio of -3,428.31. The stock’s 50 day moving average price is $11.80. MSC Income Fund has a 12 month low of $11.16 and a 12 month high of $16.87.

MSC Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 11.7%.

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.