Royal Bank of Canada Cuts Morgan Stanley Direct Lending (NYSE:MSDL) Price Target to $22.00

Morgan Stanley Direct Lending (NYSE:MSDL – Get a Free Report) The target price was cut by analysts at Royal Bank of Canada from $23.00 to $22.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 10.50% from the company’s previous close.

Several other brokerages have recently issued reports on MSDL. Wells Fargo & Company cut their price objective on shares of Morgan Stanley Direct Lending from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th . JPMorgan Chase & Co. decreased their price objective on Morgan Stanley Direct Lending from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, July 29th. UBS Group lowered Morgan Stanley Direct Lending from a “buy” rating to a “neutral” rating and set a $23.50 target price on the stock. in a research note on Thursday, July 18th. Finally, Raymond James lowered shares of Morgan Stanley Direct Lending from an “outperform” rating to a “market perform” rating in a research note on Monday, May 13th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $21.42, according to MarketBeat.

Get the latest Morgan Stanley Direct Lending research report

Morgan Stanley Direct Lending Price Performance

Shares of Morgan Stanley Direct Lending stock opened at $19.91 on Tuesday. The stock has a market cap of $1.78 billion and a price-to-earnings ratio of 6.42. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.39, and a current ratio of 1.39. The stock has a 50-day moving average price of $20.87 and a 200-day moving average price of $22.12. Morgan Stanley Direct Lending has a one year low of $19.05 and a one year high of $24.18.

Morgan Stanley Direct Lending (NYSE:MSDL – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.63 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.63. The business had revenue of $104.19 million for the quarter, compared to analysts’ expectations of $101.60 million. Morgan Stanley Direct Lending had a net margin of 62.34% and a return on equity of 12.87%. equities analysts expect that Morgan Stanley Direct Lending will post 2.55 EPS for the current year.

Hedge Funds Influence Morgan Stanley Direct Lending

A number of hedge funds and other institutional investors have recently made changes to their positions in MSDL. Kingswood Wealth Advisors LLC boosted its holdings in shares of Morgan Stanley Direct Lending by 64.8% in the second quarter. Kingswood Wealth Advisors LLC now owns 30,713 shares of the company’s stock valued at $671,000 after purchasing an additional 12,076 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Morgan Stanley Direct Lending in the first quarter valued at approximately $646,000. Virtu Financial LLC acquired a new stake in shares of Morgan Stanley Direct Lending in the first quarter worth about $223,000. Quadrature Capital Ltd purchased a new stake in shares of Morgan Stanley Direct Lending in the 1st quarter valued at approximately $223,000. Finally, Van ECK Associates Corp raised its stake in shares of Morgan Stanley Direct Lending by 16.3% during the second quarter. Van ECK Associates Corp now owns 1,780,243 shares of the company’s stock valued at $38,898,000 after buying an additional 250,167 shares in the last quarter.

About Morgan Stanley Direct Lending

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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 headquartered in NEW YORK.

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