Grimes & Company Inc. acquired a new stake in Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 22,033 shares of the company's stock, valued at approximately $455,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Allworth Financial LP purchased a new stake in Morgan Stanley Direct Lending in the 3rd quarter worth approximately $32,000. Muzinich & Co. Inc. bought a new position in shares of Morgan Stanley Direct Lending in the third quarter worth $68,000. Centiva Capital LP purchased a new stake in shares of Morgan Stanley Direct Lending in the third quarter worth $213,000. Caprock Group LLC bought a new stake in Morgan Stanley Direct Lending during the third quarter valued at $245,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Morgan Stanley Direct Lending during the third quarter worth about $271,000.
Morgan Stanley Direct Lending Price Performance
NYSE MSDL traded down $0.05 during trading on Friday, reaching $20.75. The company's stock had a trading volume of 1,111,086 shares, compared to its average volume of 332,591. The stock has a market capitalization of $1.84 billion and a PE ratio of 8.14. 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 fifty day moving average of $20.95 and a 200 day moving average of $20.34. Morgan Stanley Direct Lending has a one year low of $19.05 and a one year high of $24.18.
Morgan Stanley Direct Lending (NYSE:MSDL - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.01. Morgan Stanley Direct Lending had a net margin of 54.89% and a return on equity of 12.69%. The company had revenue of $109.75 million for the quarter, compared to analysts' expectations of $107.55 million. Analysts expect that Morgan Stanley Direct Lending will post 2.56 EPS for the current fiscal year.
Morgan Stanley Direct Lending Cuts Dividend
The business also recently disclosed a -- dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.10 per share. This represents a dividend yield of 10.1%. The ex-dividend date was Tuesday, December 31st. Morgan Stanley Direct Lending's dividend payout ratio is currently 78.43%.
About Morgan Stanley Direct Lending
(
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.
Further Reading
Before you consider Morgan Stanley Direct Lending, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Morgan Stanley Direct Lending wasn't on the list.
While Morgan Stanley Direct Lending currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
