Captrust Financial Advisors Makes New $316,000 Investment in Morgan Stanley Direct Lending (NYSE:MSDL)

Captrust Financial Advisors acquired a new stake in shares of Morgan Stanley Direct Lending (NYSE:MSDL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,993 shares of the company’s stock, valued at approximately $316,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Rockefeller Capital Management L.P. bought a new position in shares of Morgan Stanley Direct Lending in the third quarter valued at approximately $344,000. Activest Wealth Management purchased a new position in Morgan Stanley Direct Lending in the third quarter worth $1,599,000. Caprock Group LLC bought a new position in Morgan Stanley Direct Lending in the 3rd quarter valued at $245,000. Muzinich & Co. Inc. purchased a new stake in shares of Morgan Stanley Direct Lending during the 3rd quarter valued at $68,000. Finally, Fountainhead AM LLC bought a new stake in shares of Morgan Stanley Direct Lending during the 3rd quarter worth $515,000.

Morgan Stanley Direct Lending Price Performance

Shares of NYSE:MSDL opened at $21.18 on Friday. The firm has a market capitalization of $1.88 billion and a PE ratio of 8.31. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $20.41 and a two-hundred day moving average price of $20.20. Morgan Stanley Direct Lending has a twelve month low of $19.05 and a twelve month high of $24.18.

Morgan Stanley Direct Lending Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 24th. Investors of record on Tuesday, December 31st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 10.1%. Morgan Stanley Direct Lending’s dividend payout ratio is 78.43%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Morgan Stanley Direct Lending in a research report on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.