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

ASB Consultores LLC acquired a new position in shares of Morgan Stanley Direct Lending (NYSE:MSDL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 80,310 shares of the company’s stock, valued at approximately $1,589,000. Morgan Stanley Direct Lending accounts for 0.6% of ASB Consultores LLC’s portfolio, making the stock its 25th largest position. ASB Consultores LLC owned about 0.09% of Morgan Stanley Direct Lending at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cliffwater LLC acquired a new stake in shares of Morgan Stanley Direct Lending in the first quarter worth approximately $47,035,000. Van ECK Associates Corp boosted its stake in Morgan Stanley Direct Lending by 3.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,850,319 shares of the company’s stock worth $36,192,000 after purchasing an additional 70,076 shares during the last quarter. Raymond James & Associates boosted its stake 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 purchasing an additional 97,893 shares during the last quarter. Kingswood Wealth Advisors LLC grew its holdings in shares of Morgan Stanley Direct Lending by 64.8% during the second quarter. Kingswood Wealth Advisors LLC now owns 30,713 shares of the company’s stock worth $671,000 after buying an additional 12,076 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Morgan Stanley Direct Lending in the first quarter valued at about $646,000.

Morgan Stanley Direct Lending Price Performance

MSDL stock opened at $19.64 on Tuesday. Morgan Stanley Direct Lending has a 52-week low of $19.05 and a 52-week high of $24.18. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.89. The stock has a market cap of $1.76 billion and a price-to-earnings ratio of 6.61. The business has a fifty day moving average of $19.96 and a two-hundred day moving average of $20.05.

Morgan Stanley Direct Lending (NYSE:MSDL) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.63. Morgan Stanley Direct Lending had a return on equity of 12.57% and a net margin of 60.60%. The firm had revenue of $104.19 million during the quarter, compared to the consensus estimate of $101.60 million. As a group, research analysts anticipate that Morgan Stanley Direct Lending will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MSDL shares. Wells Fargo & Company dropped their price objective on shares of 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. UBS Group downgraded 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. JPMorgan Chase & Co. cut their target price 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. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price target on shares of Morgan Stanley Direct Lending in a research report on Friday, September 13th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.