Adams Asset Advisors LLC Raises Stake in Morgan Stanley Direct Lending (NYSE:MSDL)

Adams Asset Advisors LLC lifted its position in shares of Morgan Stanley Direct Lending (NYSE:MSDL) by 152.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,992 shares of the company’s stock after buying an additional 37,992 shares during the period. Adams Asset Advisors LLC’s holdings in Morgan Stanley Direct Lending were worth $1,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James & Associates raised its position in Morgan Stanley Direct Lending by 377.5% in the 3rd quarter. Raymond James & Associates now owns 123,822 shares of the company’s stock valued at $2,449,000 after purchasing an additional 97,893 shares in the last quarter. Activest Wealth Management purchased a new stake in shares of Morgan Stanley Direct Lending during the 3rd quarter worth $1,599,000. ASB Consultores LLC purchased a new stake in shares of Morgan Stanley Direct Lending during the 3rd quarter worth approximately $1,589,000. Franklin Resources Inc. acquired a new stake in Morgan Stanley Direct Lending in the 3rd quarter valued at about $1,555,000. Finally, Van ECK Associates Corp increased its position in Morgan Stanley Direct Lending by 3.9% during the third quarter. Van ECK Associates Corp now owns 1,850,319 shares of the company’s stock worth $36,192,000 after purchasing an additional 70,076 shares during the last quarter.

Morgan Stanley Direct Lending Trading Up 0.7 %

NYSE MSDL traded up $0.15 during mid-day trading on Monday, hitting $20.67. The company’s stock had a trading volume of 282,723 shares, compared to its average volume of 362,238. The firm has a market capitalization of $1.83 billion and a P/E ratio of 8.11. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.56 and a quick ratio of 1.56. Morgan Stanley Direct Lending has a 52-week low of $19.05 and a 52-week high of $24.18. The stock’s fifty day simple moving average is $20.77 and its two-hundred day simple moving average is $20.26.

Morgan Stanley Direct Lending Cuts Dividend

The business also recently declared a — dividend, which will be paid on Friday, January 24th. Investors of record on Tuesday, December 31st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 10.1%. 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.