MSC Income Fund (NYSE:MSIF) Upgraded at Zacks Research

Zacks Research upgraded shares of MSC Income Fund (NYSE:MSIF) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Several other equities analysts have also recently commented on MSIF. Truist Financial reduced their price objective on shares of MSC Income Fund from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. UBS Group lowered their target price 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 cut their price target 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. Finally, B. Riley Financial started coverage on shares of MSC Income Fund in a research report on Thursday, June 18th. They set a “buy” rating and a $13.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $13.88.

MSC Income Fund Stock Performance

Shares of MSC Income Fund stock opened at $11.01 on Monday. MSC Income Fund has a 12-month low of $10.95 and a 12-month high of $16.85. The stock has a market capitalization of $519.11 million and a P/E ratio of -3,337.37. The stock has a 50-day moving average price of $11.72.

MSC Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date is Wednesday, September 16th.

Insiders Place Their Bets

In other MSC Income Fund news, CEO Dwayne L. Hyzak acquired 5,969 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $11.68 per share, with a total value of $69,717.92. Following the completion of the acquisition, the chief executive officer owned 70,712 shares of the company’s stock, valued at $825,916.16. This trade represents a 9.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John O. Jr. Niemann acquired 4,922 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $12.10 per share, for a total transaction of $59,556.20. Following the completion of the transaction, the director owned 43,648 shares of the company’s stock, valued at $528,140.80. The trade was a 12.71% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 22,827 shares of company stock worth $269,622 over the last three months.

Hedge Funds Weigh In On MSC Income Fund

A number of institutional investors have recently made changes to their positions in the stock. Richmond Investment Services LLC purchased a new stake in MSC Income Fund during the first quarter valued at about $148,000. Meridian Investment Counsel Inc. lifted its holdings in shares of 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 acquiring an additional 24,450 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings 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 during the last quarter. Beacon Financial Advisory LLC bought a new stake in MSC Income Fund in the first quarter worth $455,000. Finally, PFG Investments LLC lifted its stake in shares of MSC Income Fund by 15.4% in the 1st quarter. PFG Investments LLC now owns 14,846 shares of the company’s stock valued at $181,000 after acquiring an additional 1,983 shares during the last quarter.

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.