Adams Asset Advisors LLC Buys 37,992 Shares of Morgan Stanley Direct Lending (NYSE:MSDL)

Adams Asset Advisors LLC raised its position in Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) by 152.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,992 shares of the company's stock after acquiring an additional 37,992 shares during the quarter. Adams Asset Advisors LLC owned approximately 0.07% of Morgan Stanley Direct Lending worth $1,301,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP bought a new position in shares of Morgan Stanley Direct Lending during the third quarter valued at approximately $32,000. Muzinich & Co. Inc. purchased a new position in Morgan Stanley Direct Lending during the 3rd quarter valued at $68,000. Centiva Capital LP bought a new position in Morgan Stanley Direct Lending in the 3rd quarter worth $213,000. Caprock Group LLC purchased a new stake in shares of Morgan Stanley Direct Lending in the 3rd quarter worth about $245,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Morgan Stanley Direct Lending during the 3rd quarter valued at about $271,000.

Morgan Stanley Direct Lending Stock Up 1.9 %

MSDL traded up $0.39 on Monday, hitting $20.91. The company had a trading volume of 448,233 shares, compared to its average volume of 386,933. Morgan Stanley Direct Lending has a 52-week low of $19.05 and a 52-week high of $24.18. The stock has a fifty day simple moving average of $20.77 and a 200-day simple moving average of $20.26. 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 firm has a market capitalization of $1.86 billion and a P/E ratio of 8.20.

Morgan Stanley Direct Lending Cuts Dividend

The firm also recently disclosed a -- dividend, which will be paid on Friday, January 24th. Shareholders of record on Tuesday, December 31st will be issued a $0.10 dividend. This represents a yield of 10.1%. The ex-dividend date of this dividend is Tuesday, December 31st. Morgan Stanley Direct Lending's dividend payout ratio (DPR) is presently 78.43%.

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.