Morgan Stanley Direct Lending Fund (NYSE:MSDL – Get Free Report) had its price target reduced by UBS Group from $16.25 to $15.50 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 1.30% from the company’s current price.
Separately, JPMorgan Chase & Co. boosted their price target on shares of Morgan Stanley Direct Lending Fund from $14.00 to $14.50 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Morgan Stanley Direct Lending Fund presently has an average rating of “Hold” and a consensus target price of $15.50.
View Our Latest Analysis on Morgan Stanley Direct Lending Fund
Morgan Stanley Direct Lending Fund Price Performance
Morgan Stanley Direct Lending Fund (NYSE:MSDL – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates 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 $59.28 million for the quarter, compared to analyst estimates of $89.99 million. As a group, sell-side analysts forecast that Morgan Stanley Direct Lending Fund will post 1.82 EPS for the current fiscal year.
Hedge Funds Weigh In On Morgan Stanley Direct Lending Fund
Institutional investors have recently modified their holdings of the company. Caz Investments LP purchased a new position in shares of Morgan Stanley Direct Lending Fund during the 2nd quarter valued at about $6,040,000. Ameritas Advisory Services LLC purchased a new stake in Morgan Stanley Direct Lending Fund in the second quarter worth approximately $51,000. LM Advisors LLC purchased a new stake in Morgan Stanley Direct Lending Fund in the second quarter worth approximately $1,310,000. Hennion & Walsh Asset Management Inc. boosted its stake in Morgan Stanley Direct Lending Fund by 9.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 315,801 shares of the company’s stock worth $4,775,000 after buying an additional 28,418 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new position in Morgan Stanley Direct Lending Fund during the first quarter valued at approximately $42,000.
Morgan Stanley Direct Lending Fund Company Profile
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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