Hennion & Walsh Asset Management Inc. Buys Shares of 21,427 Morgan Stanley Direct Lending (NYSE:MSDL)

Hennion & Walsh Asset Management Inc. bought a new position in Morgan Stanley Direct Lending (NYSE:MSDL) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 21,427 shares of the company’s stock, valued at approximately $443,000.

Several other large investors have also added to or reduced their stakes in MSDL. Confluence Investment Management LLC purchased a new stake in shares of Morgan Stanley Direct Lending in the third quarter worth about $510,000. Fountainhead AM LLC bought a new position in Morgan Stanley Direct Lending in the 3rd quarter valued at $515,000. Raymond James & Associates boosted its holdings in Morgan Stanley Direct Lending by 377.5% in the 3rd quarter. Raymond James & Associates now owns 123,822 shares of the company’s stock valued at $2,449,000 after purchasing an additional 97,893 shares during the period. Jane Street Group LLC purchased a new position in shares of Morgan Stanley Direct Lending during the 3rd quarter valued at $295,000. Finally, Franklin Resources Inc. bought a new position in shares of Morgan Stanley Direct Lending in the third quarter worth $1,555,000.

Morgan Stanley Direct Lending Price Performance

NYSE:MSDL opened at $21.42 on Tuesday. Morgan Stanley Direct Lending has a 52-week low of $19.05 and a 52-week high of $24.18. The stock has a fifty day moving average of $20.89 and a 200 day moving average of $20.32. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $1.90 billion and a price-to-earnings ratio of 8.40.

Morgan Stanley Direct Lending Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 10.1%. Morgan Stanley Direct Lending’s dividend payout ratio (DPR) is presently 78.43%.

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.