Morgan Stanley Direct Lending (NYSE:MSDL) Given New $21.00 Price Target at Wells Fargo & Company

Morgan Stanley Direct Lending (NYSE:MSDL) had its price target lifted by research analysts at Wells Fargo & Company from $20.00 to $21.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential downside of 0.19% from the company’s current price.

Morgan Stanley Direct Lending Trading Up 0.8 %

Shares of MSDL opened at $21.04 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.56 and a current 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 firm has a market cap of $1.87 billion and a price-to-earnings ratio of 8.25. The business’s fifty day moving average is $20.98 and its 200-day moving average is $20.36.

Morgan Stanley Direct Lending (NYSE:MSDL) last released its earnings results on Thursday, November 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The firm 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 analysts anticipate that Morgan Stanley Direct Lending will post 2.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MSDL. Everpar Advisors LLC bought a new stake in Morgan Stanley Direct Lending during the 3rd quarter worth $377,000. Raymond James & Associates grew its holdings in shares of 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 purchasing an additional 97,893 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Morgan Stanley Direct Lending during the third quarter worth about $32,000. Van ECK Associates Corp increased its stake in shares of Morgan Stanley Direct Lending by 3.9% in the third quarter. Van ECK Associates Corp now owns 1,850,319 shares of the company’s stock valued at $36,192,000 after buying an additional 70,076 shares during the period. Finally, ASB Consultores LLC bought a new position in Morgan Stanley Direct Lending in the 3rd quarter valued at approximately $1,589,000.

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.