62,491 Shares in Morgan Stanley Direct Lending (NYSE:MSDL) Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. bought a new stake in Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 62,491 shares of the company's stock, valued at approximately $1,291,000. Envestnet Asset Management Inc. owned about 0.07% of Morgan Stanley Direct Lending as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Naviter Wealth LLC bought a new stake in Morgan Stanley Direct Lending in the 4th quarter valued at $3,434,000. Franklin Resources Inc. increased its holdings in shares of Morgan Stanley Direct Lending by 207.9% during the fourth quarter. Franklin Resources Inc. now owns 237,754 shares of the company's stock worth $4,912,000 after purchasing an additional 160,536 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Morgan Stanley Direct Lending in the fourth quarter valued at approximately $3,051,000. Sfmg LLC bought a new position in Morgan Stanley Direct Lending during the 4th quarter worth $2,864,000. Finally, Americana Partners LLC bought a new position in shares of Morgan Stanley Direct Lending in the fourth quarter worth $2,819,000.

Analysts Set New Price Targets

A number of research firms have recently commented on MSDL. Wells Fargo & Company lowered their price target on Morgan Stanley Direct Lending from $20.00 to $19.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. UBS Group lowered their price objective on shares of Morgan Stanley Direct Lending from $21.00 to $20.50 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Keefe, Bruyette & Woods decreased their target price on shares of Morgan Stanley Direct Lending from $21.00 to $20.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on Morgan Stanley Direct Lending from $20.50 to $19.50 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $22.00 price target on shares of Morgan Stanley Direct Lending in a research note on Tuesday, March 4th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $20.20.

Morgan Stanley Direct Lending Stock Down 0.6 %

NYSE MSDL traded down $0.12 on Monday, hitting $19.29. 19,336 shares of the company were exchanged, compared to its average volume of 635,947. Morgan Stanley Direct Lending has a 12 month low of $17.59 and a 12 month high of $24.18. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.99. The company has a market cap of $1.70 billion, a PE ratio of 7.56 and a beta of 0.44. The stock has a fifty day moving average of $19.73 and a 200-day moving average of $20.38.

Morgan Stanley Direct Lending (NYSE:MSDL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.06). The firm had revenue of $103.00 million during the quarter, compared to analyst estimates of $107.02 million. Morgan Stanley Direct Lending had a net margin of 54.89% and a return on equity of 12.69%. As a group, analysts forecast that Morgan Stanley Direct Lending will post 2.56 earnings per share for the current year.

Morgan Stanley Direct Lending Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 31st were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 10.37%. Morgan Stanley Direct Lending's payout ratio is 82.30%.

About Morgan Stanley Direct Lending

Morgan Stanley Direct Lending Fund is a business development company. It is a non-diversified, externally managed specialty finance company focused on lending to middle-market companies. Morgan Stanley Direct Lending Fund is based in NEW YORK.