Zacks Research Upgrades MSC Income Fund (NYSE:MSIF) to Hold

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

Several other brokerages have also commented on MSIF. Truist Financial decreased their price objective on shares of MSC Income Fund from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Royal Bank Of Canada lowered their price target on MSC Income Fund from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. UBS Group cut their price objective on MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating on the stock in a report on Monday, May 18th. Finally, B. Riley Financial initiated 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 on the stock. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.88.

MSC Income Fund Trading Down 1.1%

Shares of MSIF stock opened at $11.12 on Monday. The stock has a market capitalization of $524.53 million and a price-to-earnings ratio of -3,372.23. The stock’s 50-day moving average is $11.75. MSC Income Fund has a 1-year low of $11.09 and a 1-year high of $16.85.

Insider Activity

In other news, Director John O. Jr. Niemann bought 4,922 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $12.10 per share, for a total transaction of $59,556.20. Following the completion of the purchase, the director owned 43,648 shares of the company’s stock, valued at approximately $528,140.80. This represents a 12.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey B. Walker purchased 3,933 shares of the stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $12.02 per share, with a total value of $47,274.66. Following the acquisition, the director directly owned 26,311 shares in the company, valued at $316,258.22. This represents a 17.58% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 22,827 shares of company stock valued at $269,622 over the last three months.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB purchased a new stake in MSC Income Fund during the second quarter worth approximately $42,000. Western Wealth Management LLC acquired a new stake in MSC Income Fund during the 1st quarter worth $49,000. Raleigh Capital Management Inc. lifted its position in MSC Income Fund by 51.1% in the first quarter. Raleigh Capital Management Inc. now owns 5,685 shares of the company’s stock valued at $69,000 after acquiring an additional 1,923 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of MSC Income Fund by 59.8% during the first quarter. Sound Income Strategies LLC now owns 6,282 shares of the company’s stock worth $77,000 after purchasing an additional 2,350 shares during the last quarter. Finally, Independent Wealth Network Inc. acquired a new stake in shares of MSC Income Fund during the first quarter worth about $140,000.

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.