Wilmington Savings Fund Society FSB Invests $258,000 in Morgan Stanley Direct Lending (NYSE:MSDL)

Wilmington Savings Fund Society FSB acquired a new stake in Morgan Stanley Direct Lending (NYSE:MSDL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,500 shares of the company’s stock, valued at approximately $258,000.

Several other large investors have also bought and sold shares of the stock. Van ECK Associates Corp increased its stake in shares of Morgan Stanley Direct Lending by 3.9% in the third quarter. Van ECK Associates Corp now owns 1,850,319 shares of the company’s stock valued at $36,192,000 after buying an additional 70,076 shares during the period. Raymond James & Associates boosted its holdings in Morgan Stanley Direct Lending by 377.5% in the third quarter. Raymond James & Associates now owns 123,822 shares of the company’s stock valued at $2,449,000 after acquiring an additional 97,893 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in Morgan Stanley Direct Lending in the fourth quarter valued at approximately $2,110,000. Shikiar Asset Management Inc. acquired a new stake in Morgan Stanley Direct Lending during the 4th quarter valued at approximately $1,780,000. Finally, Activest Wealth Management acquired a new position in shares of Morgan Stanley Direct Lending in the 3rd quarter worth approximately $1,599,000.

Morgan Stanley Direct Lending Stock Performance

Shares of MSDL stock opened at $20.58 on Wednesday. The company has a market cap of $1.82 billion and a P/E ratio of 8.07. Morgan Stanley Direct Lending has a fifty-two week low of $19.05 and a fifty-two week high of $24.18. The stock has a 50 day simple moving average of $20.97 and a two-hundred day simple moving average of $20.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.56 and a current ratio of 1.56.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company increased their price objective on shares of Morgan Stanley Direct Lending from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.58.

Morgan Stanley Direct Lending 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.