Van ECK Associates Corp Purchases 71,855 Shares of Morgan Stanley Direct Lending (NYSE:MSDL)

Van ECK Associates Corp lifted its holdings in Morgan Stanley Direct Lending (NYSE:MSDL) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,922,174 shares of the company’s stock after purchasing an additional 71,855 shares during the period. Van ECK Associates Corp’s holdings in Morgan Stanley Direct Lending were worth $39,712,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Morgan Stanley Direct Lending in the 4th quarter valued at approximately $2,110,000. Raymond James & Associates lifted its holdings in shares of Morgan Stanley Direct Lending by 377.5% during the third quarter. Raymond James & Associates now owns 123,822 shares of the company’s stock worth $2,449,000 after buying an additional 97,893 shares during the last quarter. Shikiar Asset Management Inc. bought a new stake in shares of Morgan Stanley Direct Lending in the fourth quarter valued at approximately $1,780,000. Activest Wealth Management grew its stake in shares of Morgan Stanley Direct Lending by 102.9% in the fourth quarter. Activest Wealth Management now owns 164,060 shares of the company’s stock worth $3,389,000 after acquiring an additional 83,217 shares during the last quarter. Finally, ASB Consultores LLC bought a new position in Morgan Stanley Direct Lending during the third quarter worth $1,589,000.

Morgan Stanley Direct Lending Stock Up 0.7 %

MSDL opened at $20.62 on Friday. The company has a market capitalization of $1.82 billion and a P/E ratio of 8.09. 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’s fifty day moving average price is $20.94 and its two-hundred day moving average price is $20.40. Morgan Stanley Direct Lending has a fifty-two week low of $19.05 and a fifty-two week high of $24.18.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company increased 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.58.

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.