1,606 Shares in Morgan Stanley Direct Lending (NYSE:MSDL) Purchased by Allworth Financial LP

Allworth Financial LP acquired a new position in Morgan Stanley Direct Lending (NYSE:MSDL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,606 shares of the company’s stock, valued at approximately $32,000.

Several other large investors also recently bought and sold shares of the business. Van ECK Associates Corp grew its stake in shares of Morgan Stanley Direct Lending by 16.3% during the 2nd quarter. Van ECK Associates Corp now owns 1,780,243 shares of the company’s stock valued at $38,898,000 after purchasing an additional 250,167 shares during the period. Kingswood Wealth Advisors LLC grew its stake in shares of Morgan Stanley Direct Lending by 64.8% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 30,713 shares of the company’s stock valued at $671,000 after purchasing an additional 12,076 shares during the period. Capstone Investment Advisors LLC bought a new stake in shares of Morgan Stanley Direct Lending during the 1st quarter valued at about $646,000. Virtu Financial LLC bought a new stake in shares of Morgan Stanley Direct Lending during the 1st quarter valued at about $223,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Morgan Stanley Direct Lending during the 1st quarter valued at about $223,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Morgan Stanley Direct Lending from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price objective on shares of Morgan Stanley Direct Lending in a research note on Friday, September 13th. Wells Fargo & Company cut their price objective on Morgan Stanley Direct Lending from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Finally, UBS Group downgraded Morgan Stanley Direct Lending from a “buy” rating to a “neutral” rating and set a $23.50 price objective for the company. in a research note on Thursday, July 18th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Morgan Stanley Direct Lending currently has a consensus rating of “Hold” and an average target price of $21.42.

Morgan Stanley Direct Lending Stock Up 0.7 %

NYSE MSDL opened at $20.02 on Friday. The stock’s 50 day moving average is $19.96 and its 200 day moving average is $20.05. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.89. Morgan Stanley Direct Lending has a 12 month low of $19.05 and a 12 month high of $24.18. The stock has a market cap of $1.79 billion and a PE ratio of 6.74.

Morgan Stanley Direct Lending (NYSE:MSDL) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The business had revenue of $104.19 million for the quarter, compared to analysts’ expectations of $101.60 million. Morgan Stanley Direct Lending had a return on equity of 12.57% and a net margin of 60.60%. Research analysts predict that Morgan Stanley Direct Lending will post 2.55 EPS for the current fiscal year.

Morgan Stanley Direct Lending Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, January 24th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a dividend yield of 10.1%. Morgan Stanley Direct Lending’s dividend payout ratio (DPR) is 67.34%.

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.