MSC Income Fund (NYSE:MSIF) Receives $14.17 Consensus Price Target from Analysts

MSC Income Fund (NYSE:MSIF) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.8750.

MSIF has been the topic of a number of research reports. UBS Group reduced 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 report on Monday, May 18th. Zacks Research lowered shares of MSC Income Fund from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Royal Bank Of Canada reduced their target price on shares of MSC Income Fund from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Lucid Cap Mkts upgraded shares of MSC Income Fund to a “hold” rating in a report on Thursday, March 12th. Finally, B. Riley Financial initiated coverage on shares of MSC Income Fund in a report on Thursday, June 18th. They issued a “buy” rating and a $13.00 price objective on the stock.

MSC Income Fund Stock Performance

MSC Income Fund stock opened at $11.17 on Thursday. The firm has a market cap of $526.56 million and a price-to-earnings ratio of -3,385.27. MSC Income Fund has a 52-week low of $11.16 and a 52-week high of $17.00. The business’s 50 day simple moving average is $12.22.

MSC Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be issued a $0.11 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date is Wednesday, September 16th.

Insider Activity

In other news, CEO Dwayne L. Hyzak acquired 4,274 shares of MSC Income Fund stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average cost of $11.69 per share, for a total transaction of $49,963.06. Following the acquisition, the chief executive officer owned 64,743 shares of the company’s stock, valued at $756,845.67. This trade represents a 7.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John O. Jr. Niemann acquired 4,922 shares of MSC Income Fund stock in a transaction dated Friday, May 15th. The stock was purchased at an average price of $12.10 per share, for a total transaction of $59,556.20. Following the completion of the acquisition, the director directly owned 43,648 shares in the company, valued at approximately $528,140.80. This represents a 12.71% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 15,183 shares of company stock worth $181,394.

Institutional Investors Weigh In On MSC Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Western Wealth Management LLC acquired a new stake in shares of MSC Income Fund in the 1st quarter valued at $49,000. Raleigh Capital Management Inc. grew its position 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 valued at $69,000 after buying an additional 1,923 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of MSC Income Fund by 59.8% in the 1st 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 last quarter. Independent Wealth Network Inc. purchased a new position in shares of MSC Income Fund in the 1st quarter valued at $140,000. Finally, Richmond Investment Services LLC purchased a new position in shares of MSC Income Fund in the 1st quarter valued at $148,000.

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.