MSC Income Fund (NYSE:MSIF – Get Free Report) declared a special dividend on Wednesday, November 4th. Investors of record on Tuesday, March 16th will be paid a dividend of $0.03 per share on Tuesday, March 23rd. The ex-dividend date of this dividend is Tuesday, March 16th.
MSC Income Fund Trading Down 0.5%
MSIF stock opened at $12.28 on Friday. The stock has a 50-day moving average price of $12.09 and a two-hundred day moving average price of $12.14. The stock has a market cap of $578.75 million and a PE ratio of 5.74. MSC Income Fund has a 1 year low of $10.80 and a 1 year high of $14.46.
MSC Income Fund (NYSE:MSIF – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01).
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in MSIF. MassMutual Private Wealth & Trust FSB acquired a new stake in MSC Income Fund in the 2nd quarter valued at $42,000. Western Wealth Management LLC bought a new stake in MSC Income Fund during the 1st quarter worth about $49,000. Global Retirement Partners LLC bought a new stake in MSC Income Fund during the 2nd quarter worth about $50,000. EP Wealth Advisors LLC acquired a new position in shares of MSC Income Fund during the 2nd quarter worth about $123,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of MSC Income Fund during the 2nd quarter worth about $131,000.
MSC Income Fund (NYSE: MSIF) is a business development company that invests in privately held, primarily U.S.-based businesses. The fund seeks to provide capital to lower middle-market companies that may have limited access to traditional financing sources.
Its investment activities generally include providing senior secured loans, subordinated debt and other forms of financing, along with selective equity investments. MSC Income Fund works with portfolio companies across a range of industries and may support acquisitions, recapitalizations, growth initiatives and other corporate financing needs.
The fund is externally managed by MSC Adviser I, LLC, an affiliate of Main Street Capital Corporation.
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