Morgan Stanley Direct Lending (NYSE:MSDL) Holdings Raised by Raymond James & Associates

Raymond James & Associates grew its stake in Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) by 377.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 123,822 shares of the company's stock after purchasing an additional 97,893 shares during the quarter. Raymond James & Associates owned approximately 0.14% of Morgan Stanley Direct Lending worth $2,449,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MSDL. Virtu Financial LLC acquired a new stake in shares of Morgan Stanley Direct Lending in the 1st quarter valued at about $223,000. Quadrature Capital Ltd acquired a new stake in shares of Morgan Stanley Direct Lending in the 1st quarter valued at about $223,000. Everpar Advisors LLC acquired a new stake in shares of Morgan Stanley Direct Lending in the 3rd quarter valued at about $377,000. Kingswood Wealth Advisors LLC raised its stake in shares of Morgan Stanley Direct Lending by 64.8% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 30,713 shares of the company's stock valued at $671,000 after purchasing an additional 12,076 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Morgan Stanley Direct Lending by 16.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,780,243 shares of the company's stock valued at $38,898,000 after purchasing an additional 250,167 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MSDL. JPMorgan Chase & Co. dropped their price objective on shares of Morgan Stanley Direct Lending from $22.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company dropped 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 research note on Friday, July 26th. UBS Group lowered shares of Morgan Stanley Direct Lending from a "buy" rating to a "neutral" rating and set a $23.50 price objective on the stock. in a research note on Thursday, July 18th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 price objective on shares of Morgan Stanley Direct Lending in a research note on Friday, September 13th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $21.42.

Morgan Stanley Direct Lending Price Performance

Shares of Morgan Stanley Direct Lending stock traded up $0.21 on Wednesday, hitting $19.84. The company had a trading volume of 446,100 shares, compared to its average volume of 175,421. The business has a 50-day simple moving average of $19.94 and a 200-day simple moving average of $20.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $1.77 billion and a PE ratio of 6.68. Morgan Stanley Direct Lending has a 52 week low of $19.05 and a 52 week high of $24.18.

Morgan Stanley Direct Lending (NYSE:MSDL - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting 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 net margin of 60.60% and a return on equity of 12.57%. Research analysts expect that Morgan Stanley Direct Lending will post 2.55 EPS for the current fiscal 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.