Grimes & Company Inc. Makes New $455,000 Investment in Morgan Stanley Direct Lending (NYSE:MSDL)

Grimes & Company Inc. acquired a new position in shares of Morgan Stanley Direct Lending (NYSE:MSDL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 22,033 shares of the company’s stock, valued at approximately $455,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in Morgan Stanley Direct Lending during the 3rd quarter worth approximately $32,000. Muzinich & Co. Inc. purchased a new position in shares of Morgan Stanley Direct Lending during the 3rd quarter valued at $68,000. Centiva Capital LP purchased a new position in shares of Morgan Stanley Direct Lending during the 3rd quarter valued at $213,000. Caprock Group LLC purchased a new position in shares of Morgan Stanley Direct Lending during the 3rd quarter valued at $245,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Morgan Stanley Direct Lending during the 3rd quarter valued at $271,000.

Morgan Stanley Direct Lending Trading Down 0.2 %

Morgan Stanley Direct Lending stock opened at $20.75 on Friday. The company’s fifty day simple moving average is $20.95 and its 200-day simple moving average is $20.34. 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 12 month low of $19.05 and a 12 month high of $24.18. The stock has a market cap of $1.84 billion and a P/E ratio of 8.14.

Morgan Stanley Direct Lending (NYSE:MSDL) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. Morgan Stanley Direct Lending had a net margin of 54.89% and a return on equity of 12.69%. The business had revenue of $109.75 million for the quarter, compared to analysts’ expectations of $107.55 million. As a group, sell-side analysts forecast that Morgan Stanley Direct Lending will post 2.56 EPS for the current fiscal year.

Morgan Stanley Direct Lending Cuts Dividend

The business also recently declared a — dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.10 per share. This represents a dividend yield of 10.1%. The ex-dividend date was Tuesday, December 31st. Morgan Stanley Direct Lending’s dividend payout ratio is currently 78.43%.

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.