MSC Income Fund

MSIF · NYSE

$11.47−$0.01 (−0.09%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $11.48

MSIF analyst rating

BuyConsensus of 8 analysts over the last 12 months. 75% rate it a buy.

Strong buy0
Buy6
Hold2
Underperform0
Sell0

12-month price target · 10 analysts

Average $14.85 (+29.5% upside)

Low: $12.63
Now: $11.47
High: $16.80

Upgrades and downgrades

The latest rating actions, newest first

MSIF analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Sep 1, 2026	Maintains	Neutral	$13.50 → $12.50	—
Truist Securities	Aug 10, 2026	Maintains	Buy	$14.00 → $15.00	68%
B. Riley Securities	Jun 18, 2026	Initiates	Buy	$13.00	0%
RBC Capital	Jun 4, 2026	Maintains	Outperform	$16.00 → $15.00	29%
Truist Securities	May 19, 2026	Maintains	Buy	$16.00 → $14.00	68%
UBS	May 18, 2026	Maintains	Neutral	$14.00 → $13.50	—
UBS	Mar 13, 2026	Maintains	Neutral	$14.50 → $14.00	—
LUCID CAPITAL MARKETS	Mar 12, 2026	Initiates	Neutral	$15.00	0%
Truist Securities	Mar 4, 2026	Maintains	Buy	$17.00 → $16.00	68%
Keefe, Bruyette & Woods	Nov 18, 2025	Maintains	Outperform	$16.50 → $15.50	36%

The case for and against

Updated Feb 9, 2026

Bull case

The MSC Income Fund Inc has demonstrated a positive financial trajectory, evidenced by a 1.4% increase in Net Asset Value (NAV), which rose to $15.54, along with an impressive annualized operating return on equity (ROE) of 9.1% and a net income ROE of 14.6%. The total investment income for the quarter was reported at $35.6 million, exceeding estimates due to stronger-than-anticipated dividend income, which positions the fund favorably for generating ongoing income. Furthermore, the expectation of realizing gains from exiting a non-accrual investment and the potential for increased earnings through enhanced leverage underscores a robust outlook for the fund’s continued financial performance.

Bear case

The MSC Income Fund has experienced a decline in its weighted average yield on lower middle-market investments and private loans, dropping to 12.9% and 11.3% respectively, indicating reduced income generation capacity. Additionally, net leverage adjusted for cash decreased to 0.70x, reflecting a conservative approach that may limit potential growth and investment opportunities, as management acknowledged missing out on investments due to unfavorable pricing and terms. These factors, combined with a slight decrease in portfolio value and anticipated credit losses in a potentially downturning credit cycle, contribute to a negative outlook for the fund's stock performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.