Invesco Ltd. Has $706,000 Position in Morgan Stanley Direct Lending (NYSE:MSDL)

Invesco Ltd. grew its holdings in Morgan Stanley Direct Lending (NYSE:MSDL) by 15.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,161 shares of the company’s stock after purchasing an additional 4,573 shares during the quarter. Invesco Ltd.’s holdings in Morgan Stanley Direct Lending were worth $706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MSDL. Total Clarity Wealth Management Inc. acquired a new position in Morgan Stanley Direct Lending in the fourth quarter valued at approximately $204,000. Samalin Investment Counsel LLC acquired a new position in shares of Morgan Stanley Direct Lending during the 4th quarter valued at $229,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Morgan Stanley Direct Lending during the 4th quarter valued at $258,000. B. Riley Wealth Advisors Inc. bought a new position in Morgan Stanley Direct Lending during the third quarter worth $271,000. Finally, Sanctuary Advisors LLC acquired a new stake in Morgan Stanley Direct Lending in the fourth quarter worth $286,000.

Morgan Stanley Direct Lending Trading Up 0.8 %

NYSE MSDL opened at $19.40 on Friday. The business’s fifty day moving average is $19.73 and its 200-day moving average is $20.38. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 7.61 and a beta of 0.44. Morgan Stanley Direct Lending has a one year low of $17.59 and a one year high of $24.18.

Morgan Stanley Direct Lending (NYSE:MSDL) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.06). The company had revenue of $103.00 million during the quarter, compared to the consensus estimate of $107.02 million. Morgan Stanley Direct Lending had a return on equity of 12.69% and a net margin of 54.89%. Equities research analysts predict that Morgan Stanley Direct Lending will post 2.56 EPS for the current year.

Morgan Stanley Direct Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 10.31%. Morgan Stanley Direct Lending’s payout ratio is 82.30%.

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group reduced their target price on Morgan Stanley Direct Lending from $21.00 to $20.50 and set a “neutral” rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on Morgan Stanley Direct Lending from $20.50 to $19.50 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 target price on shares of Morgan Stanley Direct Lending in a report on Tuesday, March 4th. Wells Fargo & Company dropped their price objective 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. Finally, Keefe, Bruyette & Woods lowered their price objective on Morgan Stanley Direct Lending from $21.00 to $20.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.