JPMorgan Chase & Co. Has $571,000 Stock Position in Morgan Stanley Direct Lending (NYSE:MSDL)

JPMorgan Chase & Co. increased its position in shares of Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) by 3,509.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,872 shares of the company's stock after purchasing an additional 28,072 shares during the period. JPMorgan Chase & Co.'s holdings in Morgan Stanley Direct Lending were worth $571,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James & Associates raised its holdings in shares of Morgan Stanley Direct Lending by 377.5% in the 3rd quarter. Raymond James & Associates now owns 123,822 shares of the company's stock worth $2,449,000 after buying an additional 97,893 shares in the last quarter. Activest Wealth Management bought a new stake in Morgan Stanley Direct Lending in the third quarter valued at $1,599,000. ASB Consultores LLC acquired a new position in Morgan Stanley Direct Lending during the third quarter worth $1,589,000. Franklin Resources Inc. acquired a new position in Morgan Stanley Direct Lending during the third quarter worth $1,555,000. Finally, Van ECK Associates Corp lifted its holdings in shares of Morgan Stanley Direct Lending by 3.9% during the third quarter. Van ECK Associates Corp now owns 1,850,319 shares of the company's stock valued at $36,192,000 after acquiring an additional 70,076 shares during the period.

Morgan Stanley Direct Lending Price Performance

Morgan Stanley Direct Lending stock traded down $0.11 on Friday, reaching $20.94. The company's stock had a trading volume of 467,179 shares, compared to its average volume of 653,485. The business's fifty day moving average price is $20.99 and its 200 day moving average price is $20.36. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market cap of $1.85 billion and a price-to-earnings ratio of 8.21. Morgan Stanley Direct Lending has a twelve month low of $19.05 and a twelve month high of $24.18.

Morgan Stanley Direct Lending (NYSE:MSDL - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.66 earnings per share (EPS) 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 business had revenue of $109.75 million for the quarter, compared to the consensus estimate of $107.55 million. Equities analysts expect that Morgan Stanley Direct Lending will post 2.56 earnings per share for the current fiscal year.

Morgan Stanley Direct Lending Cuts Dividend

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

Analyst Ratings Changes

Separately, Wells Fargo & Company upped their target price on shares of Morgan Stanley Direct Lending from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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.