86,150 Shares in Morgan Stanley Direct Lending (NYSE:MSDL) Bought by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. purchased a new stake in Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 86,150 shares of the company's stock, valued at approximately $1,780,000. Shikiar Asset Management Inc. owned 0.10% of Morgan Stanley Direct Lending as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MSDL. Everpar Advisors LLC grew its stake in shares of Morgan Stanley Direct Lending by 36.2% in the fourth quarter. Everpar Advisors LLC now owns 25,969 shares of the company's stock valued at $537,000 after acquiring an additional 6,901 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of Morgan Stanley Direct Lending during the fourth quarter worth approximately $443,000. Adams Asset Advisors LLC raised its position in shares of Morgan Stanley Direct Lending by 152.0% in the fourth quarter. Adams Asset Advisors LLC now owns 62,992 shares of the company's stock valued at $1,301,000 after buying an additional 37,992 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Morgan Stanley Direct Lending by 3,509.0% in the third quarter. JPMorgan Chase & Co. now owns 28,872 shares of the company's stock valued at $571,000 after buying an additional 28,072 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Morgan Stanley Direct Lending during the third quarter worth approximately $271,000.

Morgan Stanley Direct Lending Price Performance

NYSE MSDL traded up $0.17 during midday trading on Friday, hitting $21.42. The company had a trading volume of 278,210 shares, compared to its average volume of 282,493. The firm has a 50-day moving average price of $20.87 and a 200-day moving average price of $20.30. The company has a market capitalization of $1.90 billion and a PE ratio of 8.40. 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 $19.05 and a twelve month high of $24.18.

Morgan Stanley Direct Lending Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, January 24th. Investors of record on Tuesday, December 31st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 31st. This represents a yield of 10.1%. Morgan Stanley Direct Lending's dividend payout ratio is 78.43%.

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.