Captrust Financial Advisors raised its stake in shares of Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) by 100.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,986 shares of the company's stock after purchasing an additional 15,993 shares during the period. Captrust Financial Advisors' holdings in Morgan Stanley Direct Lending were worth $661,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Comerica Bank lifted its stake in shares of Morgan Stanley Direct Lending by 100.0% in the fourth quarter. Comerica Bank now owns 2,568 shares of the company's stock worth $53,000 after buying an additional 1,284 shares in the last quarter. RE Dickinson Investment Advisors LLC purchased a new position in shares of Morgan Stanley Direct Lending in the fourth quarter worth about $84,000. Virtus ETF Advisers LLC lifted its stake in shares of Morgan Stanley Direct Lending by 47.7% in the fourth quarter. Virtus ETF Advisers LLC now owns 13,820 shares of the company's stock worth $286,000 after buying an additional 4,462 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Morgan Stanley Direct Lending by 15.5% in the fourth quarter. Invesco Ltd. now owns 34,161 shares of the company's stock worth $706,000 after buying an additional 4,573 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Morgan Stanley Direct Lending in the fourth quarter worth about $103,000.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on MSDL shares. UBS Group decreased their price target on shares of Morgan Stanley Direct Lending from $21.00 to $20.50 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada decreased their price target on shares of Morgan Stanley Direct Lending from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their price target on shares of Morgan Stanley Direct Lending from $20.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. decreased their price target on shares of Morgan Stanley Direct Lending from $20.50 to $19.50 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods decreased their price target 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $20.00.
View Our Latest Research Report on Morgan Stanley Direct Lending
Morgan Stanley Direct Lending Trading Up 0.8%
Morgan Stanley Direct Lending stock traded up $0.15 during midday trading on Friday, hitting $19.45. 247,744 shares of the stock were exchanged, compared to its average volume of 608,635. Morgan Stanley Direct Lending has a fifty-two week low of $17.59 and a fifty-two week high of $24.18. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 7.63 and a beta of 0.46. The stock's 50-day simple moving average is $19.49 and its 200 day simple moving average is $20.32. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.99.
Morgan Stanley Direct Lending (NYSE:MSDL - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.04). Morgan Stanley Direct Lending had a return on equity of 12.69% and a net margin of 54.89%. The firm had revenue of $101.50 million for the quarter, compared to analyst estimates of $102.86 million. On average, equities analysts anticipate that Morgan Stanley Direct Lending will post 2.56 EPS for the current year.
Morgan Stanley Direct Lending Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, June 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 10.28%. The ex-dividend date is Monday, June 30th. Morgan Stanley Direct Lending's payout ratio is currently 91.74%.
Morgan Stanley Direct Lending Profile
(
Free Report)
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.
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