92,836 Shares in Morgan Stanley Direct Lending (NYSE:MSDL) Bought by Denali Advisors LLC

Denali Advisors LLC purchased a new position in shares of Morgan Stanley Direct Lending (NYSE:MSDL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 92,836 shares of the company’s stock, valued at approximately $1,918,000. Denali Advisors LLC owned approximately 0.10% of Morgan Stanley Direct Lending at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Morgan Stanley Direct Lending by 3,509.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,872 shares of the company’s stock valued at $571,000 after purchasing an additional 28,072 shares during the period. Confluence Investment Management LLC acquired a new position in Morgan Stanley Direct Lending during the third quarter worth approximately $510,000. Fountainhead AM LLC bought a new stake in Morgan Stanley Direct Lending in the third quarter valued at approximately $515,000. Raymond James & Associates lifted its position in shares of 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 buying an additional 97,893 shares during the last quarter. Finally, Shikiar Asset Management Inc. bought a new position in shares of Morgan Stanley Direct Lending during the 4th quarter worth approximately $1,780,000.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company increased their price target on Morgan Stanley Direct Lending from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.63.

Morgan Stanley Direct Lending Trading Down 0.9 %

Shares of NYSE:MSDL opened at $20.77 on Thursday. Morgan Stanley Direct Lending has a 12-month low of $19.05 and a 12-month high of $24.18. The business has a 50 day moving average of $20.88 and a 200-day moving average of $20.46. 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 stock has a market cap of $1.84 billion and a PE ratio of 8.15.

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.