Sanctuary Advisors LLC Makes New Investment in Morgan Stanley Direct Lending (NYSE:MSDL)

Sanctuary Advisors LLC acquired a new position in shares of Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,563 shares of the company's stock, valued at approximately $286,000.

Other institutional investors have also recently bought and sold shares of the company. Muzinich & Co. Inc. acquired a new stake in shares of Morgan Stanley Direct Lending during the 3rd quarter valued at about $68,000. Total Clarity Wealth Management Inc. acquired a new stake in Morgan Stanley Direct Lending in the fourth quarter valued at approximately $204,000. Centiva Capital LP acquired a new stake in Morgan Stanley Direct Lending in the third quarter valued at approximately $213,000. Caprock Group LLC acquired a new stake in Morgan Stanley Direct Lending in the third quarter valued at approximately $245,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Morgan Stanley Direct Lending in the fourth quarter valued at approximately $258,000.

Morgan Stanley Direct Lending Stock Performance

Morgan Stanley Direct Lending stock traded up $0.26 on Friday, reaching $20.24. 635,022 shares of the stock were exchanged, compared to its average volume of 681,316. The stock has a market cap of $1.79 billion, a PE ratio of 7.94 and a beta of 0.65. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.99. Morgan Stanley Direct Lending has a twelve month low of $19.28 and a twelve month high of $24.18. The firm has a fifty day moving average price of $20.78 and a two-hundred day moving average price of $20.48.

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

Morgan Stanley Direct Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 9.88%. The ex-dividend date is Monday, March 31st. Morgan Stanley Direct Lending's payout ratio is currently 82.30%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MSDL. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 price objective on shares of Morgan Stanley Direct Lending in a research note on Tuesday. Wells Fargo & Company reduced their price target 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 Monday, March 3rd. Four 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, Morgan Stanley Direct Lending currently has a consensus rating of "Hold" and an average price target of $21.38.

About Morgan Stanley Direct Lending

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.