Activest Wealth Management Boosts Holdings in Morgan Stanley Direct Lending (NYSE:MSDL)

Activest Wealth Management grew its position in shares of Morgan Stanley Direct Lending (NYSE:MSDL) by 102.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 164,060 shares of the company’s stock after buying an additional 83,217 shares during the quarter. Morgan Stanley Direct Lending accounts for 0.9% of Activest Wealth Management’s investment portfolio, making the stock its 18th largest holding. Activest Wealth Management owned 0.18% of Morgan Stanley Direct Lending worth $3,389,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP acquired a new position in shares of Morgan Stanley Direct Lending during the 3rd quarter worth $32,000. Muzinich & Co. Inc. acquired a new position in Morgan Stanley Direct Lending during the third quarter worth about $68,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of Morgan Stanley Direct Lending in the fourth quarter valued at about $204,000. Centiva Capital LP acquired a new stake in shares of Morgan Stanley Direct Lending in the third quarter valued at approximately $213,000. Finally, Caprock Group LLC purchased a new position in shares of Morgan Stanley Direct Lending during the 3rd quarter worth approximately $245,000.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their target price on Morgan Stanley Direct Lending from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.58.

Morgan Stanley Direct Lending Stock Performance

NYSE:MSDL opened at $20.66 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $1.83 billion and a PE ratio of 8.10. The firm has a 50 day simple moving average of $20.98 and a 200-day simple moving average of $20.40. Morgan Stanley Direct Lending has a 1-year low of $19.05 and a 1-year high of $24.18.

Morgan Stanley Direct Lending (NYSE:MSDL) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. Morgan Stanley Direct Lending had a return on equity of 12.69% and a net margin of 54.89%. The company had revenue of $109.75 million for the quarter, compared to analyst estimates of $107.55 million. On average, equities analysts expect that Morgan Stanley Direct Lending will post 2.56 EPS for the current year.

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.