Rockefeller Capital Management L.P. Has $834,000 Stock Holdings in Morgan Stanley Direct Lending (NYSE:MSDL)

Rockefeller Capital Management L.P. raised its position in Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) by 132.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,350 shares of the company's stock after buying an additional 22,967 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Morgan Stanley Direct Lending were worth $834,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank of Nova Scotia acquired a new stake in shares of Morgan Stanley Direct Lending in the 4th quarter valued at approximately $200,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of Morgan Stanley Direct Lending in the 4th quarter valued at approximately $204,000. Samalin Investment Counsel LLC acquired a new stake in shares of Morgan Stanley Direct Lending in the 4th quarter valued at approximately $229,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Morgan Stanley Direct Lending in the 4th quarter valued at approximately $258,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Morgan Stanley Direct Lending in the 3rd quarter valued at approximately $271,000.

Morgan Stanley Direct Lending Trading Down 0.2 %

Shares of NYSE MSDL traded down $0.03 during midday trading on Monday, reaching $19.29. The stock had a trading volume of 786,229 shares, compared to its average volume of 653,626. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 7.56 and a beta of 0.44. Morgan Stanley Direct Lending has a twelve month low of $17.59 and a twelve month high of $24.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.56 and a current ratio of 1.56. The company's 50 day moving average price is $19.84 and its 200 day moving average price is $20.39.

Morgan Stanley Direct Lending (NYSE:MSDL - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.57 earnings per share (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 return on equity of 12.69% and a net margin of 54.89%. As a group, sell-side analysts expect that Morgan Stanley Direct Lending will post 2.56 EPS for the current year.

Morgan Stanley Direct Lending Announces Dividend

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

Analyst Ratings Changes

MSDL has been the topic of several recent research reports. UBS Group cut their target price on shares of Morgan Stanley Direct Lending from $21.00 to $20.50 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. cut their target price on shares of Morgan Stanley Direct Lending from $20.50 to $19.50 and set a "neutral" rating on the stock in a research report on Thursday. Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 target price on shares of Morgan Stanley Direct Lending in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods cut 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 report on Tuesday, April 8th. Finally, Wells Fargo & Company cut their target price 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 report on Monday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Morgan Stanley Direct Lending has an average rating of "Hold" and an average target price of $20.20.

Morgan Stanley Direct Lending Profile

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.