Shikiar Asset Management Inc. Takes Position in Morgan Stanley Direct Lending (NYSE:MSDL)

Shikiar Asset Management Inc. bought a new stake in shares of Morgan Stanley Direct Lending (NYSE:MSDL) during the 4th quarter, HoldingsChannel.com reports. The firm bought 86,150 shares of the company’s stock, valued at approximately $1,780,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. 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. bought a new stake in shares of Morgan Stanley Direct Lending during the 3rd quarter worth $68,000. Centiva Capital LP acquired a new position in shares of Morgan Stanley Direct Lending during the 3rd quarter worth about $213,000. Caprock Group LLC acquired a new position in shares of Morgan Stanley Direct Lending during the third quarter worth approximately $245,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Morgan Stanley Direct Lending in the third quarter worth $271,000.

Morgan Stanley Direct Lending Stock Performance

NYSE:MSDL opened at $21.42 on Friday. 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 firm’s 50-day moving average is $20.87 and its 200-day moving average is $20.30. Morgan Stanley Direct Lending has a 52-week low of $19.05 and a 52-week high of $24.18. The company has a market cap of $1.90 billion and a price-to-earnings ratio of 8.40.

Morgan Stanley Direct Lending Cuts Dividend

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