Fountainhead AM LLC Invests $515,000 in Morgan Stanley Direct Lending (NYSE:MSDL)

Fountainhead AM LLC acquired a new stake in Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 26,031 shares of the company's stock, valued at approximately $515,000.

Several other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP purchased a new stake in shares of Morgan Stanley Direct Lending in the third quarter worth about $32,000. Quadrature Capital Ltd bought a new position in Morgan Stanley Direct Lending in the 1st quarter valued at $223,000. Virtu Financial LLC bought a new position in Morgan Stanley Direct Lending in the 1st quarter valued at $223,000. Kingswood Wealth Advisors LLC increased its holdings in shares of Morgan Stanley Direct Lending by 64.8% in the second quarter. Kingswood Wealth Advisors LLC now owns 30,713 shares of the company's stock worth $671,000 after purchasing an additional 12,076 shares during the period. Finally, Everpar Advisors LLC purchased a new stake in shares of Morgan Stanley Direct Lending in the third quarter worth $377,000.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Royal Bank of Canada restated an "outperform" rating and set a $22.00 target price on shares of Morgan Stanley Direct Lending in a research report on Friday, September 13th. UBS Group downgraded shares of Morgan Stanley Direct Lending from a "buy" rating to a "neutral" rating and set a $23.50 target price on the stock. in a research note on Thursday, July 18th. JPMorgan Chase & Co. cut their price target on shares of 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. Finally, Wells Fargo & Company reduced their price objective on Morgan Stanley Direct Lending from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $21.42.

Morgan Stanley Direct Lending Trading Down 0.6 %

Shares of NYSE:MSDL traded down $0.13 during trading on Monday, reaching $20.11. 575,300 shares of the company traded hands, compared to its average volume of 181,555. 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 52-week low of $19.05 and a 52-week high of $24.18. The business's fifty day moving average is $19.96 and its 200-day moving average is $20.03. The firm has a market capitalization of $1.80 billion and a price-to-earnings ratio of 7.89.

Morgan Stanley Direct Lending (NYSE:MSDL - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.63. The business had revenue of $104.19 million for the quarter, compared to analyst estimates of $101.60 million. Morgan Stanley Direct Lending had a net margin of 54.89% and a return on equity of 12.77%. As a group, analysts forecast that Morgan Stanley Direct Lending will post 2.55 EPS for the current year.

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 is Tuesday, December 31st. Morgan Stanley Direct Lending's dividend payout ratio (DPR) is currently 78.43%.

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.