Raymond James & Associates Has $2.45 Million Stock Holdings in Morgan Stanley Direct Lending (NYSE:MSDL)

Raymond James & Associates boosted its holdings in shares of Morgan Stanley Direct Lending (NYSE:MSDL) by 377.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,822 shares of the company’s stock after buying an additional 97,893 shares during the quarter. Raymond James & Associates’ holdings in Morgan Stanley Direct Lending were worth $2,449,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cliffwater LLC bought a new stake in shares of Morgan Stanley Direct Lending in the first quarter valued at about $47,035,000. Van ECK Associates Corp raised its position in Morgan Stanley Direct Lending by 16.3% in the second quarter. Van ECK Associates Corp now owns 1,780,243 shares of the company’s stock worth $38,898,000 after purchasing an additional 250,167 shares in the last quarter. 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 worth $671,000 after buying an additional 12,076 shares in the last quarter. Everpar Advisors LLC acquired a new stake in shares of Morgan Stanley Direct Lending during the third quarter worth approximately $377,000. Finally, Virtu Financial LLC acquired a new stake in shares of Morgan Stanley Direct Lending during the first quarter worth approximately $223,000.

Morgan Stanley Direct Lending Trading Down 0.1 %

MSDL opened at $19.63 on Wednesday. Morgan Stanley Direct Lending has a twelve month low of $19.05 and a twelve month high of $24.18. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.89. The company has a fifty day moving average of $19.95 and a 200-day moving average of $20.05. The stock has a market cap of $1.75 billion and a PE ratio of 6.61.

Morgan Stanley Direct Lending (NYSE:MSDL) last issued 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 analyst estimates of $101.60 million. Morgan Stanley Direct Lending had a net margin of 60.60% and a return on equity of 12.57%. On average, sell-side analysts predict that Morgan Stanley Direct Lending will post 2.55 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of 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 objective on shares of Morgan Stanley Direct Lending in a report on Friday, September 13th. UBS Group lowered shares of Morgan Stanley Direct Lending from a “buy” rating to a “neutral” rating and set a $23.50 price target on the stock. in a research note on Thursday, July 18th. Finally, Wells Fargo & Company lowered their price target on shares of Morgan Stanley Direct Lending from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.