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) during the third quarter, HoldingsChannel reports. The fund acquired 15,993 shares of the company’s stock, valued at approximately $316,000.

A number of other hedge funds also recently bought and sold shares of MSDL. Allworth Financial LP bought a new stake in shares of Morgan Stanley Direct Lending in the 3rd quarter worth approximately $32,000. Muzinich & Co. Inc. purchased a new position in Morgan Stanley Direct Lending in the 3rd quarter worth $68,000. Caprock Group LLC bought a new stake in Morgan Stanley Direct Lending in the third quarter worth $245,000. Rockefeller Capital Management L.P. purchased a new stake in Morgan Stanley Direct Lending during the third quarter valued at about $344,000. Finally, Everpar Advisors LLC bought a new position in shares of Morgan Stanley Direct Lending during the third quarter valued at about $377,000.

Morgan Stanley Direct Lending Stock Performance

Morgan Stanley Direct Lending stock opened at $21.18 on Friday. Morgan Stanley Direct Lending has a 1-year low of $19.05 and a 1-year high of $24.18. The firm has a market cap of $1.88 billion and a P/E ratio of 8.31. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average of $20.41 and a 200-day moving average of $20.20.

Morgan Stanley Direct Lending Cuts Dividend

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

Analyst Ratings Changes

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 target price on shares of Morgan Stanley Direct Lending in a research note on Friday, September 13th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Morgan Stanley Direct Lending has an average rating of “Hold” and a consensus price target of $21.42.

About Morgan Stanley Direct Lending

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.