Activest Wealth Management Acquires 83,217 Shares of Morgan Stanley Direct Lending (NYSE:MSDL)

Activest Wealth Management increased its holdings in Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) by 102.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,060 shares of the company's stock after purchasing an additional 83,217 shares during the quarter. Morgan Stanley Direct Lending makes up 0.9% of Activest Wealth Management's investment portfolio, making the stock its 18th biggest holding. Activest Wealth Management owned approximately 0.18% of Morgan Stanley Direct Lending worth $3,389,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MSDL. Allworth Financial LP bought a new stake in shares of Morgan Stanley Direct Lending in the 3rd quarter valued at $32,000. Muzinich & Co. Inc. bought a new stake in Morgan Stanley Direct Lending during the third quarter valued at $68,000. Total Clarity Wealth Management Inc. acquired a new stake in Morgan Stanley Direct Lending during the 4th quarter worth about $204,000. Centiva Capital LP acquired a new stake in Morgan Stanley Direct Lending during the 3rd quarter worth about $213,000. Finally, Caprock Group LLC bought a new position in shares of Morgan Stanley Direct Lending in the 3rd quarter worth about $245,000.

Morgan Stanley Direct Lending Stock Up 0.7 %

Shares of NYSE MSDL traded up $0.15 during trading on Thursday, hitting $20.62. 592,042 shares of the company traded hands, compared to its average volume of 638,312. The firm has a market capitalization of $1.82 billion and a price-to-earnings ratio of 8.09. The business's fifty day moving average is $20.94 and its 200 day moving average is $20.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.56 and a current ratio of 1.56. Morgan Stanley Direct Lending has a fifty-two week low of $19.05 and a fifty-two week high of $24.18.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company raised their target price on Morgan Stanley Direct Lending from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Morgan Stanley Direct Lending currently has a consensus rating of "Hold" and a consensus target price of $21.58.

Morgan Stanley Direct Lending Company 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.