Shikiar Asset Management Inc. Buys New Position in Morgan Stanley Direct Lending (NYSE:MSDL)

Shikiar Asset Management Inc. purchased a new position in Morgan Stanley Direct Lending (NYSE:MSDL) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 86,150 shares of the company’s stock, valued at approximately $1,780,000. Shikiar Asset Management Inc. owned 0.10% of Morgan Stanley Direct Lending at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MSDL. Van ECK Associates Corp boosted its stake in Morgan Stanley Direct Lending by 3.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,850,319 shares of the company’s stock valued at $36,192,000 after purchasing an additional 70,076 shares in the last quarter. Raymond James & Associates grew its holdings in 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 acquiring an additional 97,893 shares during the period. Activest Wealth Management acquired a new stake in Morgan Stanley Direct Lending in the 3rd quarter valued at about $1,599,000. ASB Consultores LLC bought a new position in shares of Morgan Stanley Direct Lending during the 3rd quarter valued at about $1,589,000. Finally, Franklin Resources Inc. acquired a new position in shares of Morgan Stanley Direct Lending in the 3rd quarter worth approximately $1,555,000.

Morgan Stanley Direct Lending Stock Up 0.8 %

NYSE MSDL opened at $21.42 on Friday. The company has a market capitalization of $1.90 billion and a P/E ratio of 8.40. Morgan Stanley Direct Lending has a 12 month low of $19.05 and a 12 month high of $24.18. 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 company’s 50 day simple moving average is $20.87 and its 200 day simple moving average is $20.30.

Morgan Stanley Direct Lending Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 10.1%. Morgan Stanley Direct Lending’s dividend payout ratio (DPR) is presently 78.43%.

Morgan Stanley Direct Lending Company 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.