Everpar Advisors LLC Makes New Investment in Morgan Stanley Direct Lending (NYSE:MSDL)

Everpar Advisors LLC acquired a new position in Morgan Stanley Direct Lending (NYSE:MSDL) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,068 shares of the company’s stock, valued at approximately $377,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new position in Morgan Stanley Direct Lending in the first quarter worth $223,000. Virtu Financial LLC bought a new position in shares of Morgan Stanley Direct Lending during the first quarter valued at $223,000. Kingswood Wealth Advisors LLC increased its holdings in shares of Morgan Stanley Direct Lending by 64.8% during the second quarter. Kingswood Wealth Advisors LLC now owns 30,713 shares of the company’s stock valued at $671,000 after acquiring an additional 12,076 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Morgan Stanley Direct Lending during the first quarter valued at $646,000. Finally, Van ECK Associates Corp increased its holdings in shares of Morgan Stanley Direct Lending by 16.3% during the second quarter. Van ECK Associates Corp now owns 1,780,243 shares of the company’s stock valued at $38,898,000 after acquiring an additional 250,167 shares in the last quarter.

Morgan Stanley Direct Lending Trading Down 0.9 %

Morgan Stanley Direct Lending stock opened at $20.00 on Tuesday. The stock has a market capitalization of $1.79 billion and a PE ratio of 6.45. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.09 and a quick ratio of 1.09. The business’s fifty day moving average is $20.03 and its 200 day moving average is $20.70. Morgan Stanley Direct Lending has a one year low of $19.05 and a one year high of $24.18.

Morgan Stanley Direct Lending (NYSE:MSDL) last announced its earnings results on Thursday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The business had revenue of $104.19 million for the quarter, compared to analysts’ expectations of $101.60 million. Morgan Stanley Direct Lending had a return on equity of 12.57% and a net margin of 60.60%. On average, sell-side analysts predict that Morgan Stanley Direct Lending will post 2.54 EPS for the current year.

Morgan Stanley Direct Lending Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, January 24th. Stockholders of record on Monday, November 4th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a dividend yield of 10.1%. Morgan Stanley Direct Lending’s payout ratio is currently 64.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Morgan Stanley Direct Lending from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price target on shares of Morgan Stanley Direct Lending in a report on Friday, September 13th. UBS Group cut Morgan Stanley Direct Lending from a “buy” rating to a “neutral” rating and set a $23.50 price objective on the stock. in a research report on Thursday, July 18th. Finally, 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 report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Morgan Stanley Direct Lending presently has a consensus rating of “Hold” and a consensus price target of $21.42.

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.