80,310 Shares in Morgan Stanley Direct Lending (NYSE:MSDL) Purchased by ASB Consultores LLC

ASB Consultores LLC bought a new stake in Morgan Stanley Direct Lending (NYSE:MSDL) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 80,310 shares of the company’s stock, valued at approximately $1,589,000. Morgan Stanley Direct Lending makes up approximately 0.6% of ASB Consultores LLC’s portfolio, making the stock its 25th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capstone Investment Advisors LLC purchased a new position in Morgan Stanley Direct Lending in the 1st quarter valued at approximately $646,000. Cliffwater LLC acquired a new stake in shares of Morgan Stanley Direct Lending in the first quarter valued at $47,035,000. Quadrature Capital Ltd purchased a new position in Morgan Stanley Direct Lending in the first quarter valued at $223,000. Virtu Financial LLC acquired a new position in Morgan Stanley Direct Lending during the 1st quarter worth $223,000. Finally, Kingswood Wealth Advisors LLC increased its holdings in Morgan Stanley Direct Lending by 64.8% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 30,713 shares of the company’s stock worth $671,000 after purchasing an additional 12,076 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MSDL. Wells Fargo & Company decreased their price objective on Morgan Stanley Direct Lending from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. JPMorgan Chase & Co. decreased their price target on shares of 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. UBS Group downgraded shares of Morgan Stanley Direct Lending from a “buy” rating to a “neutral” rating and set a $23.50 price objective on the stock. in a research report on Thursday, July 18th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price objective on shares of Morgan Stanley Direct Lending in a report on Friday, September 13th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.42.

Morgan Stanley Direct Lending Stock Performance

Shares of Morgan Stanley Direct Lending stock opened at $19.64 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.89. Morgan Stanley Direct Lending has a 52 week low of $19.05 and a 52 week high of $24.18. The firm’s 50 day moving average is $19.96 and its two-hundred day moving average is $20.05. The firm has a market capitalization of $1.76 billion and a P/E ratio of 6.61.

Morgan Stanley Direct Lending (NYSE:MSDL) last posted its earnings results on Thursday, August 8th. The company reported $0.63 EPS for the quarter, meeting analysts’ consensus estimates of $0.63. Morgan Stanley Direct Lending had a net margin of 60.60% and a return on equity of 12.57%. The firm had revenue of $104.19 million for the quarter, compared to the consensus estimate of $101.60 million. Research analysts forecast that Morgan Stanley Direct Lending will post 2.55 EPS for the current fiscal year.

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.