Morgan Stanley Direct Lending Fund (NYSE:MSDL – Get Free Report) had its price objective boosted by research analysts at JPMorgan Chase & Co. from $14.00 to $14.50 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 5.01% from the company’s current price.
MSDL has been the subject of a number of other reports. Keefe, Bruyette & Woods decreased their price objective on Morgan Stanley Direct Lending Fund from $16.50 to $16.00 and set a “market perform” rating for the company in a research report on Thursday, April 16th. Raymond James Financial reissued an “outperform” rating and issued a $17.00 price target on shares of Morgan Stanley Direct Lending Fund in a research report on Thursday, March 5th. UBS Group raised their price target on shares of Morgan Stanley Direct Lending Fund from $16.00 to $16.25 and gave the stock a “neutral” rating in a report on Monday, April 20th. Finally, Royal Bank Of Canada lowered their price objective on shares of Morgan Stanley Direct Lending Fund from $18.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.62.
Read Our Latest Research Report on MSDL
Morgan Stanley Direct Lending Fund Price Performance
Morgan Stanley Direct Lending Fund (NYSE:MSDL – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. The business had revenue of $58.10 million during the quarter, compared to analysts’ expectations of $91.89 million. Morgan Stanley Direct Lending Fund had a return on equity of 9.73% and a net margin of 22.84%. Equities analysts expect that Morgan Stanley Direct Lending Fund will post 1.86 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors raised its stake in shares of Morgan Stanley Direct Lending Fund by 1.8% during the 2nd quarter. Captrust Financial Advisors now owns 49,345 shares of the company’s stock worth $924,000 after purchasing an additional 880 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Morgan Stanley Direct Lending Fund by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 43,585 shares of the company’s stock worth $761,000 after buying an additional 1,021 shares during the last quarter. Confluence Investment Management LLC increased its holdings in Morgan Stanley Direct Lending Fund by 1.8% in the fourth quarter. Confluence Investment Management LLC now owns 72,156 shares of the company’s stock worth $1,189,000 after buying an additional 1,308 shares during the last quarter. US Bancorp DE raised its position in Morgan Stanley Direct Lending Fund by 61.9% during the third quarter. US Bancorp DE now owns 3,707 shares of the company’s stock valued at $60,000 after acquiring an additional 1,417 shares in the last quarter. Finally, Adams Asset Advisors LLC raised its position in Morgan Stanley Direct Lending Fund by 1.6% during the fourth quarter. Adams Asset Advisors LLC now owns 111,397 shares of the company’s stock valued at $1,836,000 after acquiring an additional 1,764 shares in the last quarter.
About Morgan Stanley Direct Lending Fund
Morgan Stanley Direct Lending Fund (NYSE: MSDL) is a closed-end management investment company that seeks to provide investors with attractive current income and the potential for capital appreciation. The fund primarily invests in senior secured loans and other debt instruments issued by middle-market companies. By focusing on floating-rate structures, it aims to offer a measure of protection against rising interest rates while generating regular cash distributions.
The fund’s investment strategy centers on building a diversified portfolio of direct lending opportunities across a broad range of industries, including healthcare, business services, and industrials.
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