Morgan Stanley Direct Lending Fund (NYSE:MSDL – Get Free Report)’s stock price hit a new 52-week low during trading on Wednesday. The company traded as low as $13.23 and last traded at $13.3060, with a volume of 61581 shares. The stock had previously closed at $13.48.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on MSDL shares. JPMorgan Chase & Co. upped their target price on shares of Morgan Stanley Direct Lending Fund from $14.00 to $14.50 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. UBS Group cut their price objective on Morgan Stanley Direct Lending Fund from $16.25 to $15.50 and set a “neutral” rating for the company in a report on Tuesday, September 1st. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.50.
View Our Latest Stock Report on MSDL
Morgan Stanley Direct Lending Fund Stock Up 1.9%
Morgan Stanley Direct Lending Fund (NYSE:MSDL – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Morgan Stanley Direct Lending Fund had a net margin of 15.97% and a return on equity of 9.61%. The business had revenue of $88.77 million during the quarter, compared to the consensus estimate of $89.99 million. On average, analysts predict that Morgan Stanley Direct Lending Fund will post 1.82 earnings per share for the current year.
Morgan Stanley Direct Lending Fund Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Wednesday, September 30th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.80 annualized dividend and a yield of 13.3%. Morgan Stanley Direct Lending Fund’s dividend payout ratio is currently 260.87%.
Hedge Funds Weigh In On Morgan Stanley Direct Lending Fund
A number of large investors have recently bought and sold shares of the stock. SHP Wealth Management purchased a new stake in shares of Morgan Stanley Direct Lending Fund during the fourth quarter valued at approximately $39,000. Sunbelt Securities Inc. bought a new stake in Morgan Stanley Direct Lending Fund during the 1st quarter valued at $42,000. Ameritas Advisory Services LLC purchased a new stake in Morgan Stanley Direct Lending Fund during the 2nd quarter valued at $51,000. Sweeney & Michel LLC bought a new stake in Morgan Stanley Direct Lending Fund in the 1st quarter worth $154,000. Finally, Infrastructure Capital Advisors LLC bought a new stake in Morgan Stanley Direct Lending Fund in the 4th quarter worth $165,000.
Morgan Stanley Direct Lending Fund Company Profile
Morgan Stanley Direct Lending Fund (NYSE: MSDL) is a business development company that seeks to generate current income and, to a lesser extent, long-term capital appreciation through investments in privately held middle-market companies. The fund is externally managed by MS Capital Partners Adviser Inc, an investment adviser affiliated with Morgan Stanley Investment Management.
MSDL primarily invests in directly originated senior secured loans, including first-lien and unitranche loans, to companies across a range of industries.
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