Morgan Stanley Direct Lending (NYSE:MSDL) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in Morgan Stanley Direct Lending (NYSE:MSDLFree Report) by 3,509.0% in the 3rd quarter, Holdings Channel reports. The firm owned 28,872 shares of the company’s stock after purchasing an additional 28,072 shares during the quarter. JPMorgan Chase & Co.’s holdings in Morgan Stanley Direct Lending were worth $571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MSDL. Allworth Financial LP acquired a new stake in shares of Morgan Stanley Direct Lending in the third quarter valued at about $32,000. Muzinich & Co. Inc. acquired a new stake in shares of Morgan Stanley Direct Lending in the third quarter valued at about $68,000. Centiva Capital LP acquired a new stake in shares of Morgan Stanley Direct Lending in the third quarter valued at about $213,000. Caprock Group LLC acquired a new stake in shares of Morgan Stanley Direct Lending in the third quarter valued at about $245,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Morgan Stanley Direct Lending in the third quarter valued at about $271,000.

Morgan Stanley Direct Lending Stock Performance

Shares of MSDL opened at $21.03 on Tuesday. 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 stock has a market cap of $1.87 billion and a P/E ratio of 8.25. The company has a 50-day moving average of $20.95 and a two-hundred day moving average of $20.34. Morgan Stanley Direct Lending has a 12-month low of $19.05 and a 12-month high of $24.18.

Morgan Stanley Direct Lending (NYSE:MSDLGet Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. The company had revenue of $109.75 million during the quarter, compared to analysts’ expectations of $107.55 million. Morgan Stanley Direct Lending had a net margin of 54.89% and a return on equity of 12.69%. As a group, research analysts predict that Morgan Stanley Direct Lending will post 2.56 EPS for the current fiscal year.

Morgan Stanley Direct Lending Cuts Dividend

The firm also recently announced a — dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.10 per share. This represents a yield of 10.1%. The ex-dividend date of this dividend was Tuesday, December 31st. Morgan Stanley Direct Lending’s payout ratio is currently 78.43%.

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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Institutional Ownership by Quarter for Morgan Stanley Direct Lending (NYSE:MSDL)

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