Sumitomo Mitsui Trust Group Inc. Acquires New Holdings in Morgan Stanley Direct Lending (NYSE:MSDL)

Sumitomo Mitsui Trust Group Inc. bought a new stake in Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 102,118 shares of the company's stock, valued at approximately $2,110,000. Sumitomo Mitsui Trust Group Inc. owned about 0.12% of Morgan Stanley Direct Lending at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new stake in shares of Morgan Stanley Direct Lending during the 3rd quarter worth about $32,000. Muzinich & Co. Inc. acquired a new stake in shares of Morgan Stanley Direct Lending during the 3rd quarter valued at approximately $68,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of Morgan Stanley Direct Lending during the 4th quarter valued at approximately $204,000. Centiva Capital LP acquired a new stake in shares of Morgan Stanley Direct Lending during the 3rd quarter valued at approximately $213,000. Finally, Caprock Group LLC acquired a new stake in Morgan Stanley Direct Lending in the third quarter worth $245,000.

Morgan Stanley Direct Lending Price Performance

MSDL stock traded up $0.21 during trading on Monday, hitting $20.87. The company had a trading volume of 445,813 shares, compared to its average volume of 686,374. The company has a fifty day moving average price of $20.93 and a two-hundred day moving average price of $20.42. 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 fifty-two week low of $19.05 and a fifty-two week high of $24.18. The company has a market cap of $1.85 billion and a P/E ratio of 8.18.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised their price target on Morgan Stanley Direct Lending from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $21.58.

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.