Quadrature Capital Ltd Takes $437,000 Position in Morgan Stanley Direct Lending (NYSE:MSDL)

Quadrature Capital Ltd bought a new position in shares of Morgan Stanley Direct Lending (NYSE:MSDL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 22,112 shares of the company’s stock, valued at approximately $437,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Confluence Investment Management LLC acquired a new stake in shares of Morgan Stanley Direct Lending during the third quarter worth $510,000. Fountainhead AM LLC purchased a new position in Morgan Stanley Direct Lending in the 3rd quarter worth $515,000. Raymond James & Associates lifted its position in Morgan Stanley Direct Lending by 377.5% during the 3rd quarter. Raymond James & Associates now owns 123,822 shares of the company’s stock worth $2,449,000 after acquiring an additional 97,893 shares during the period. ASB Consultores LLC purchased a new stake in Morgan Stanley Direct Lending during the 3rd quarter valued at about $1,589,000. Finally, Van ECK Associates Corp increased its holdings in shares of Morgan Stanley Direct Lending by 16.3% in the second quarter. Van ECK Associates Corp now owns 1,780,243 shares of the company’s stock valued at $38,898,000 after purchasing an additional 250,167 shares during the period.

Morgan Stanley Direct Lending Trading Down 0.8 %

MSDL stock opened at $20.97 on Tuesday. The company’s 50-day simple moving average is $20.30 and its 200-day simple moving average is $20.18. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.99. Morgan Stanley Direct Lending has a 52-week low of $19.05 and a 52-week high of $24.18. The firm has a market cap of $1.86 billion and a P/E ratio of 8.22.

Morgan Stanley Direct Lending Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.