Analysts Set Morgan Stanley Direct Lending (NYSE:MSDL) PT at $21.42

Morgan Stanley Direct Lending (NYSE:MSDL) has been given an average recommendation of “Hold” by the six brokerages that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $21.42.

Separately, Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of Morgan Stanley Direct Lending in a research report on Friday, September 13th.

Institutional Trading of Morgan Stanley Direct Lending

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP purchased a new position in Morgan Stanley Direct Lending during the third quarter worth $32,000. Muzinich & Co. Inc. bought a new stake in shares of Morgan Stanley Direct Lending in the 3rd quarter worth about $68,000. Centiva Capital LP purchased a new position in shares of Morgan Stanley Direct Lending during the 3rd quarter worth about $213,000. Virtu Financial LLC bought a new position in Morgan Stanley Direct Lending during the 1st quarter valued at about $223,000. Finally, Quadrature Capital Ltd purchased a new stake in Morgan Stanley Direct Lending in the 1st quarter worth about $223,000.

Morgan Stanley Direct Lending Stock Performance

NYSE MSDL opened at $21.34 on Thursday. The stock has a market capitalization of $1.89 billion and a PE ratio of 8.37. Morgan Stanley Direct Lending has a 1-year low of $19.05 and a 1-year high of $24.18. The business has a 50 day simple moving average of $20.13 and a two-hundred day simple moving average of $20.14. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.56 and a quick ratio of 1.56.

Morgan Stanley Direct Lending Cuts Dividend

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

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.