Caprock Group LLC Makes New Investment in Morgan Stanley Direct Lending (NYSE:MSDL)

Caprock Group LLC acquired a new stake in shares of Morgan Stanley Direct Lending (NYSE:MSDL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,046 shares of the company’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP acquired a new stake in Morgan Stanley Direct Lending in the third quarter valued at approximately $32,000. Muzinich & Co. Inc. bought a new stake in Morgan Stanley Direct Lending during the 3rd quarter valued at $68,000. Quadrature Capital Ltd acquired a new position in Morgan Stanley Direct Lending during the first quarter worth $223,000. Virtu Financial LLC bought a new position in shares of Morgan Stanley Direct Lending in the first quarter valued at $223,000. Finally, Everpar Advisors LLC acquired a new position in shares of Morgan Stanley Direct Lending during the third quarter valued at about $377,000.

Wall Street Analyst Weigh In

MSDL has been the topic of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 target price on shares of Morgan Stanley Direct Lending in a report on Friday, September 13th. JPMorgan Chase & Co. lowered their price objective on Morgan Stanley Direct Lending from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.42.

Morgan Stanley Direct Lending Stock Down 1.0 %

Morgan Stanley Direct Lending stock opened at $20.43 on Monday. Morgan Stanley Direct Lending has a fifty-two week low of $19.05 and a fifty-two week high of $24.18. 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’s 50-day simple moving average is $20.04 and its 200 day simple moving average is $20.10. The stock has a market cap of $1.81 billion and a PE ratio of 8.01.

Morgan Stanley Direct Lending Cuts Dividend

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

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.