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

Activest Wealth Management raised 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 Form 13F filing with the Securities and Exchange Commission. The firm owned 164,060 shares of the company’s stock after acquiring an additional 83,217 shares during the period. Morgan Stanley Direct Lending makes up 0.9% of Activest Wealth Management’s portfolio, making the stock its 18th biggest position. Activest Wealth Management’s holdings in Morgan Stanley Direct Lending were worth $3,389,000 at the end of the most recent quarter.

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

Morgan Stanley Direct Lending Stock Down 0.5 %

NYSE MSDL opened at $20.66 on Monday. 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 fifty-two week low of $19.05 and a fifty-two week high of $24.18. The business has a 50 day moving average price of $20.98 and a two-hundred day moving average price of $20.40. The stock has a market cap of $1.83 billion and a PE ratio of 8.10.

Morgan Stanley Direct Lending (NYSE:MSDL) last announced its earnings results on Thursday, November 7th. The company reported $0.66 earnings per share 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 during the quarter, compared to the consensus estimate of $107.55 million. As a group, sell-side analysts predict that Morgan Stanley Direct Lending will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their target price on shares of 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 analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.