ASB Consultores LLC Makes New Investment in Morgan Stanley Direct Lending (NYSE:MSDL)

ASB Consultores LLC bought a new position in shares of Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 80,310 shares of the company's stock, valued at approximately $1,589,000. Morgan Stanley Direct Lending accounts for approximately 0.6% of ASB Consultores LLC's holdings, making the stock its 25th biggest position. ASB Consultores LLC owned 0.09% of Morgan Stanley Direct Lending at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Allworth Financial LP acquired a new position in shares of Morgan Stanley Direct Lending in the 3rd quarter worth approximately $32,000. Virtu Financial LLC bought a new position in Morgan Stanley Direct Lending in the 1st quarter valued at $223,000. Quadrature Capital Ltd acquired a new position in shares of Morgan Stanley Direct Lending in the 1st quarter valued at $223,000. Everpar Advisors LLC acquired a new stake in shares of Morgan Stanley Direct Lending during the third quarter worth about $377,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Morgan Stanley Direct Lending in the 1st quarter valued at approximately $646,000.

Analyst Upgrades and Downgrades

MSDL has been the subject of several recent research reports. Wells Fargo & Company reduced their price objective on Morgan Stanley Direct Lending from $21.00 to $20.00 and set an "equal weight" rating for the company in a research report on Friday, July 26th. UBS Group downgraded Morgan Stanley Direct Lending from a "buy" rating to a "neutral" rating and set a $23.50 price objective for the company. in a report on Thursday, July 18th. JPMorgan Chase & Co. lowered their target price on shares of Morgan Stanley Direct Lending from $22.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, July 29th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 target price on shares of Morgan Stanley Direct Lending in a report on Friday, September 13th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Morgan Stanley Direct Lending currently has a consensus rating of "Hold" and a consensus price target of $21.42.

Morgan Stanley Direct Lending Stock Performance

Morgan Stanley Direct Lending stock traded down $0.01 during trading hours on Tuesday, hitting $19.63. The company had a trading volume of 424,842 shares, compared to its average volume of 174,054. Morgan Stanley Direct Lending has a one year low of $19.05 and a one year high of $24.18. The firm has a market cap of $1.75 billion and a PE ratio of 6.61. The firm has a 50-day moving average of $19.96 and a 200 day moving average of $20.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.09 and a quick ratio of 1.09.

Morgan Stanley Direct Lending (NYSE:MSDL - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. The business had revenue of $104.19 million during the quarter, compared to analysts' expectations of $101.60 million. Morgan Stanley Direct Lending had a return on equity of 12.57% and a net margin of 60.60%. On average, sell-side analysts expect that Morgan Stanley Direct Lending will post 2.55 earnings per share for the current year.

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.