MSC Income Fund (NYSE:MSIF) Rating Lowered to Strong Sell at Zacks Research

MSC Income Fund (NYSE:MSIF) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

MSIF has been the subject of a number of other research reports. UBS Group lowered their price target on MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating for the company in a research report on Monday. Truist Financial lowered their price target on MSC Income Fund from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Lucid Cap Mkts raised MSC Income Fund to a “hold” rating in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, MSC Income Fund currently has an average rating of “Hold” and an average target price of $13.75.

MSC Income Fund Price Performance

MSIF opened at $11.95 on Tuesday. The firm’s 50 day simple moving average is $12.60. The company has a market cap of $563.34 million and a price-to-earnings ratio of -3,621.70. MSC Income Fund has a one year low of $11.78 and a one year high of $18.09.

MSC Income Fund (NYSE:MSIF) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.34 EPS for the quarter. The business had revenue of $52.10 million for the quarter.

Insider Buying and Selling at MSC Income Fund

In other news, Director John O. Jr. Niemann bought 4,922 shares of MSC Income Fund stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $12.10 per share, for a total transaction of $59,556.20. Following the acquisition, the director owned 43,648 shares of the company’s stock, valued at approximately $528,140.80. The trade was a 12.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MSIF. Brookstone Capital Management grew its holdings in shares of MSC Income Fund by 35.5% during the 1st 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 period. Riverbridge Partners LLC grew its holdings in shares of MSC Income Fund by 7.4% during the 1st quarter. Riverbridge Partners LLC now owns 113,574 shares of the company’s stock worth $1,383,000 after acquiring an additional 7,861 shares during the period. Independent Wealth Network Inc. purchased a new position in shares of MSC Income Fund during the 1st quarter worth approximately $140,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of MSC Income Fund during the 1st quarter worth approximately $215,000. Finally, Princeton Global Asset Management LLC grew its holdings in shares of 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 acquiring an additional 5,615 shares during the period.

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.