Morgan Stanley Direct Lending (NYSE:MSDL) Trading Down 0.6%

Morgan Stanley Direct Lending (NYSE:MSDLGet Free Report) shares fell 0.6% during mid-day trading on Wednesday . The stock traded as low as $23.05 and last traded at $23.18. 37,158 shares were traded during trading, a decline of 13% from the average session volume of 42,553 shares. The stock had previously closed at $23.32.

Analyst Ratings Changes

Several brokerages have recently issued reports on MSDL. Keefe, Bruyette & Woods began coverage on shares of Morgan Stanley Direct Lending in a report on Tuesday, February 20th. They set a “market perform” rating and a $21.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of Morgan Stanley Direct Lending from $20.50 to $21.00 and gave the company a “neutral” rating in a report on Friday, April 12th. UBS Group began coverage on shares of Morgan Stanley Direct Lending in a report on Tuesday, February 20th. They set a “buy” rating and a $23.50 price target for the company. Royal Bank of Canada boosted their price target on shares of Morgan Stanley Direct Lending from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Finally, Wells Fargo & Company cut their price objective on shares of Morgan Stanley Direct Lending from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 14th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Morgan Stanley Direct Lending presently has a consensus rating of “Hold” and an average price target of $21.92.

View Our Latest Research Report on MSDL

Morgan Stanley Direct Lending Trading Down 0.6 %

The business’s 50 day moving average is $22.60 and its two-hundred day moving average is $21.65. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $2.07 billion and a P/E ratio of 7.48.

Morgan Stanley Direct Lending (NYSE:MSDLGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.63 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.63. Morgan Stanley Direct Lending had a net margin of 62.34% and a return on equity of 12.87%. The business had revenue of $99.10 million for the quarter, compared to analysts’ expectations of $98.65 million. Analysts expect that Morgan Stanley Direct Lending will post 2.52 EPS for the current year.

Morgan Stanley Direct Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Friday, June 28th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 8.63%. The ex-dividend date is Friday, June 28th. Morgan Stanley Direct Lending’s dividend payout ratio (DPR) is presently 64.52%.

Institutional Investors Weigh In On Morgan Stanley Direct Lending

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cliffwater LLC bought a new stake in Morgan Stanley Direct Lending in the first quarter worth about $47,035,000. Van ECK Associates Corp bought a new stake in Morgan Stanley Direct Lending in the first quarter worth about $32,973,000. Capstone Investment Advisors LLC bought a new stake in Morgan Stanley Direct Lending in the first quarter worth about $646,000. Virtu Financial LLC bought a new stake in Morgan Stanley Direct Lending in the first quarter worth about $223,000. Finally, Quadrature Capital Ltd bought a new stake in Morgan Stanley Direct Lending in the first quarter worth about $223,000.

About Morgan Stanley Direct Lending

(Get 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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