Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) had its price target decreased by Wells Fargo & Company from $21.00 to $20.00 in a research report released on Monday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.
Morgan Stanley Direct Lending Price Performance
Shares of NYSE MSDL traded up $0.18 during trading on Monday, hitting $20.42. The company had a trading volume of 1,063,603 shares, compared to its average volume of 682,075. The company has a market cap of $1.81 billion and a P/E ratio of 8.01. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.56 and a current ratio of 1.56. The business's 50-day moving average is $20.87 and its 200 day moving average is $20.48. Morgan Stanley Direct Lending has a 52 week low of $19.28 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, February 27th. The company reported $0.57 earnings per share (EPS) 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 company had revenue of $103.00 million for the quarter, compared to analyst estimates of $107.02 million. Equities research analysts predict that Morgan Stanley Direct Lending will post 2.56 earnings per share 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. Stockholders of record on Monday, March 31st will be given a $0.50 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 9.79%. Morgan Stanley Direct Lending's dividend payout ratio (DPR) is presently 82.30%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in Morgan Stanley Direct Lending by 3,509.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,872 shares of the company's stock worth $571,000 after acquiring an additional 28,072 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of Morgan Stanley Direct Lending during the third quarter worth approximately $510,000. Fountainhead AM LLC purchased a new position in Morgan Stanley Direct Lending during the third quarter valued at approximately $515,000. Raymond James & Associates increased its stake in Morgan Stanley Direct Lending by 377.5% in the 3rd quarter. Raymond James & Associates now owns 123,822 shares of the company's stock valued at $2,449,000 after buying an additional 97,893 shares during the period. Finally, Shikiar Asset Management Inc. acquired a new position in Morgan Stanley Direct Lending in the 4th quarter valued at approximately $1,780,000.
Morgan Stanley Direct Lending Company Profile
(
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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.
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