MSC Income Fund (NYSE:MSIF) Announces Earnings Results, Misses Expectations By $0.01 EPS

MSC Income Fund (NYSE:MSIF) issued its earnings results on Thursday. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01), FiscalAI reports.

MSC Income Fund Stock Performance

Shares of MSIF traded down $0.07 during mid-day trading on Thursday, reaching $12.28. 188,869 shares of the company were exchanged, compared to its average volume of 287,036. The business has a 50 day simple moving average of $12.10 and a two-hundred day simple moving average of $12.14. The stock has a market capitalization of $578.75 million and a PE ratio of 5.74. MSC Income Fund has a 52 week low of $10.80 and a 52 week high of $14.46.

Analyst Ratings Changes

Several analysts have recently weighed in on MSIF shares. UBS Group reduced their price target on MSC Income Fund from $13.50 to $12.50 and set a “neutral” rating on the stock in a report on Tuesday, September 1st. Oppenheimer started coverage on shares of MSC Income Fund in a research report on Monday, October 26th. They set an “outperform” rating and a $15.00 target price on the stock. Zacks Research upgraded shares of MSC Income Fund from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Truist Financial boosted their target price on shares of MSC Income Fund from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MSIF. Confluence Investment Management LLC lifted its holdings in MSC Income Fund by 1.6% during the third quarter. Confluence Investment Management LLC now owns 55,294 shares of the company’s stock valued at $651,000 after purchasing an additional 872 shares during the last quarter. PFG Investments LLC increased its stake in shares of MSC Income Fund by 15.4% in the first quarter. PFG Investments LLC now owns 14,846 shares of the company’s stock worth $181,000 after purchasing an additional 1,983 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of MSC Income Fund by 8.9% in the third quarter. Kestra Advisory Services LLC now owns 27,194 shares of the company’s stock worth $320,000 after purchasing an additional 2,221 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new position in shares of MSC Income Fund in the second quarter worth about $42,000. Finally, Legacy Wealth Managment LLC ID increased its stake in shares of MSC Income Fund by 2.8% in the first quarter. Legacy Wealth Managment LLC ID now owns 138,174 shares of the company’s stock worth $1,683,000 after purchasing an additional 3,767 shares in the last quarter.

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.