3,422 Shares in Morgan Stanley Direct Lending (NYSE:MSDL) Bought by Muzinich & Co. Inc.

Muzinich & Co. Inc. bought a new position in shares of Morgan Stanley Direct Lending (NYSE:MSDL) during the 3rd quarter, Holdings Channel.com reports. The firm bought 3,422 shares of the company’s stock, valued at approximately $68,000.

Other institutional investors have also recently made changes to their positions in the company. Cliffwater LLC acquired a new position in shares of Morgan Stanley Direct Lending in the first quarter worth approximately $47,035,000. Van ECK Associates Corp raised its holdings in Morgan Stanley Direct Lending by 16.3% during the 2nd quarter. Van ECK Associates Corp now owns 1,780,243 shares of the company’s stock worth $38,898,000 after purchasing an additional 250,167 shares during the last quarter. Raymond James & Associates lifted its position in shares of Morgan Stanley Direct Lending by 377.5% in the 3rd quarter. Raymond James & Associates now owns 123,822 shares of the company’s stock worth $2,449,000 after purchasing an additional 97,893 shares during the period. ASB Consultores LLC bought a new stake in shares of Morgan Stanley Direct Lending in the 3rd quarter valued at $1,589,000. Finally, Fountainhead AM LLC acquired a new stake in shares of Morgan Stanley Direct Lending during the third quarter worth $515,000.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MSDL. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of Morgan Stanley Direct Lending in a research report on Friday, September 13th. Wells Fargo & Company dropped their price objective on 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. Finally, JPMorgan Chase & Co. decreased their target price on Morgan Stanley Direct Lending from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $21.42.

Morgan Stanley Direct Lending Trading Up 0.6 %

MSDL opened at $20.33 on Friday. The company has a market cap of $1.80 billion and a P/E ratio of 7.97. The company has a fifty day moving average price of $19.99 and a two-hundred day moving average price of $20.07. 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 1-year low of $19.05 and a 1-year high of $24.18.

Morgan Stanley Direct Lending Cuts Dividend

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

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.