Grimes & Company Inc. Invests $455,000 in Morgan Stanley Direct Lending (NYSE:MSDL)

Grimes & Company Inc. bought a new position in shares of Morgan Stanley Direct Lending (NYSE:MSDL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,033 shares of the company’s stock, valued at approximately $455,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSDL. Allworth Financial LP bought a new stake in Morgan Stanley Direct Lending during the third quarter worth approximately $32,000. Muzinich & Co. Inc. bought a new stake in Morgan Stanley Direct Lending during the third quarter worth approximately $68,000. Centiva Capital LP bought a new stake in Morgan Stanley Direct Lending during the third quarter worth approximately $213,000. Caprock Group LLC bought a new stake in Morgan Stanley Direct Lending during the third quarter worth approximately $245,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Morgan Stanley Direct Lending during the third quarter worth approximately $271,000.

Morgan Stanley Direct Lending Price Performance

Shares of NYSE:MSDL opened at $20.75 on Friday. Morgan Stanley Direct Lending has a 12 month low of $19.05 and a 12 month high of $24.18. The stock has a market cap of $1.84 billion and a price-to-earnings ratio of 8.14. The stock’s 50 day moving average price is $20.95 and its 200 day moving average price is $20.34. 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 (NYSE:MSDL) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $109.75 million for the quarter, compared to analysts’ expectations of $107.55 million. Morgan Stanley Direct Lending had a return on equity of 12.69% and a net margin of 54.89%. Equities research analysts anticipate that Morgan Stanley Direct Lending will post 2.56 earnings per share for the current fiscal year.

Morgan Stanley Direct Lending Cuts Dividend

The business also recently declared a — dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, December 31st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a dividend yield of 10.1%. Morgan Stanley Direct Lending’s dividend payout ratio is currently 78.43%.

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.