MSC Income Fund (NYSE:MSIF) Price Target Cut to $12.50 by Analysts at UBS Group

MSC Income Fund (NYSE:MSIF) had its price objective cut by equities research analysts at UBS Group from $13.50 to $12.50 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential downside of 2.47% from the company’s current price.

Several other analysts also recently issued reports on MSIF. Zacks Research raised MSC Income Fund from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. B. Riley Financial initiated coverage on MSC Income Fund in a research note on Thursday, June 18th. They set a “buy” rating and a $13.00 price objective for the company. Truist Financial increased their target price on MSC Income Fund from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada cut their target price on MSC Income Fund from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.88.

MSC Income Fund Stock Performance

MSIF stock opened at $12.82 on Tuesday. The firm’s 50 day moving average price is $11.80. MSC Income Fund has a 12-month low of $10.80 and a 12-month high of $14.46. The firm has a market cap of $604.26 million and a price-to-earnings ratio of -3,871.78.

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

Insiders Place Their Bets

In other MSC Income Fund news, Director Jeffrey B. Walker purchased 3,933 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was bought at an average price 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 $316,258.22. This trade represents a 17.58% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dwayne L. Hyzak purchased 5,969 shares of the stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $11.68 per share, for a total transaction of $69,717.92. Following the completion of the acquisition, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 18,855 shares of company stock worth $222,131.

Institutional Investors Weigh In On MSC Income Fund

A number of institutional investors have recently added to or reduced their stakes in MSIF. Beacon Financial Advisory LLC lifted its holdings in shares of MSC Income Fund by 12.3% in the second quarter. Beacon Financial Advisory LLC now owns 41,917 shares of the company’s stock valued at $485,000 after buying an additional 4,592 shares during the period. Tsfg LLC grew its holdings in MSC Income Fund by 149.4% during the second quarter. Tsfg LLC now owns 18,315 shares of the company’s stock worth $212,000 after acquiring an additional 10,972 shares during the period. Two Sigma Securities LLC acquired a new position in MSC Income Fund during the second quarter worth about $132,000. Van ECK Associates Corp grew its holdings in MSC Income Fund by 35.8% during the second quarter. Van ECK Associates Corp now owns 915,670 shares of the company’s stock worth $10,594,000 after acquiring an additional 241,495 shares during the period. Finally, Centaurus Financial Inc. bought a new stake in MSC Income Fund in the second quarter worth about $2,433,000.

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.