PNC Financial Services Group Inc. Purchases New Position in Morgan Stanley Direct Lending (NYSE:MSDL)

PNC Financial Services Group Inc. acquired a new stake in Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 24,724 shares of the company's stock, valued at approximately $511,000.

A number of other hedge funds also recently made changes to their positions in the business. Total Clarity Wealth Management Inc. bought a new stake in shares of Morgan Stanley Direct Lending in the 4th quarter worth about $204,000. Centiva Capital LP bought a new stake in shares of Morgan Stanley Direct Lending in the 3rd quarter worth about $213,000. Caprock Group LLC bought a new stake in shares of Morgan Stanley Direct Lending in the 3rd quarter worth about $245,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Morgan Stanley Direct Lending in the 4th quarter worth about $258,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Morgan Stanley Direct Lending in the 3rd quarter worth about $271,000.

Morgan Stanley Direct Lending Price Performance

NYSE:MSDL traded up $0.21 during mid-day trading on Friday, reaching $20.76. 609,658 shares of the company were exchanged, compared to its average volume of 669,607. Morgan Stanley Direct Lending has a 12 month low of $19.28 and a 12 month high of $24.18. The company has a fifty day moving average of $20.70 and a 200 day moving average of $20.51. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.99. The stock has a market cap of $1.84 billion, a PE ratio of 8.14 and a beta of 0.65.

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Morgan Stanley Direct Lending (NYSE:MSDL - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.06). Morgan Stanley Direct Lending had a net margin of 54.89% and a return on equity of 12.69%. The business had revenue of $103.00 million for the quarter, compared to analyst estimates of $107.02 million. On average, research analysts anticipate that Morgan Stanley Direct Lending will post 2.56 EPS for the current fiscal year.

Morgan Stanley Direct Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 9.63%. Morgan Stanley Direct Lending's payout ratio is presently 82.30%.

Wall Street Analysts Forecast Growth

MSDL has been the topic of several analyst reports. 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 Tuesday, March 4th. Wells Fargo & Company decreased their price objective on shares of Morgan Stanley Direct Lending from $21.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $21.38.

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.