Morgan Stanley Direct Lending (NYSE:MSDL) Position Increased by Van ECK Associates Corp

Van ECK Associates Corp raised its position in Morgan Stanley Direct Lending (NYSE:MSDL) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,922,174 shares of the company’s stock after purchasing an additional 71,855 shares during the quarter. Van ECK Associates Corp owned approximately 2.17% of Morgan Stanley Direct Lending worth $39,712,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MSDL. Opal Wealth Advisors LLC acquired a new stake in shares of Morgan Stanley Direct Lending during the 4th quarter valued at about $312,000. Activest Wealth Management raised its position in Morgan Stanley Direct Lending by 102.9% during the fourth quarter. Activest Wealth Management now owns 164,060 shares of the company’s stock valued at $3,389,000 after acquiring an additional 83,217 shares in the last quarter. Entropy Technologies LP acquired a new stake in Morgan Stanley Direct Lending in the fourth quarter valued at approximately $392,000. Wilmington Savings Fund Society FSB acquired a new stake in Morgan Stanley Direct Lending in the fourth quarter valued at approximately $258,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in Morgan Stanley Direct Lending in the fourth quarter worth approximately $2,110,000.

Morgan Stanley Direct Lending Stock Up 0.7 %

MSDL opened at $20.62 on Friday. The firm has a market cap of $1.82 billion and a P/E ratio of 8.09. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.56 and a current ratio of 1.56. The business has a 50 day moving average price of $20.94 and a 200 day moving average price of $20.40. Morgan Stanley Direct Lending has a twelve month low of $19.05 and a twelve month high of $24.18.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised their price target on shares of Morgan Stanley Direct Lending from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.58.

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.