Morgan Stanley Direct Lending Fund (MSDL) To Go Ex-Dividend on June 30th

Morgan Stanley Direct Lending Fund (NYSE:MSDL) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, June 30th will be given a dividend of 0.45 per share on Friday, July 24th. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date is Tuesday, June 30th.

Morgan Stanley Direct Lending Fund Stock Performance

Shares of MSDL stock opened at $15.47 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 1.21. The business has a 50 day moving average of $15.27 and a two-hundred day moving average of $15.54. Morgan Stanley Direct Lending Fund has a 52 week low of $13.66 and a 52 week high of $19.94. The company has a market cap of $1.31 billion, a P/E ratio of 15.32 and a beta of 0.53.

Morgan Stanley Direct Lending Fund (NYSE:MSDL) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. Morgan Stanley Direct Lending Fund had a return on equity of 9.73% and a net margin of 22.84%.The business had revenue of $58.10 million for the quarter, compared to analysts’ expectations of $91.89 million. As a group, analysts anticipate that Morgan Stanley Direct Lending Fund will post 1.86 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp raised its holdings in Morgan Stanley Direct Lending Fund by 2.5% during the third quarter. Van ECK Associates Corp now owns 1,967,697 shares of the company’s stock worth $31,640,000 after purchasing an additional 48,248 shares in the last quarter. UBS Group AG boosted its stake in Morgan Stanley Direct Lending Fund by 73.0% during the 4th quarter. UBS Group AG now owns 1,668,693 shares of the company’s stock valued at $27,500,000 after purchasing an additional 704,394 shares in the last quarter. Rivernorth Capital Management LLC increased its position in shares of Morgan Stanley Direct Lending Fund by 37.6% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,052,351 shares of the company’s stock valued at $14,691,000 after purchasing an additional 287,808 shares during the period. Muzinich & Co. Inc. increased its position in shares of Morgan Stanley Direct Lending Fund by 31.1% during the 4th quarter. Muzinich & Co. Inc. now owns 766,451 shares of the company’s stock valued at $12,631,000 after purchasing an additional 181,830 shares during the period. Finally, Toronto Dominion Bank raised its stake in shares of Morgan Stanley Direct Lending Fund by 26.2% in the 4th quarter. Toronto Dominion Bank now owns 713,641 shares of the company’s stock worth $11,761,000 after buying an additional 148,020 shares in the last quarter.

Morgan Stanley Direct Lending Fund Company Profile

Morgan Stanley Direct Lending Fund (NYSE: MSDL) is a closed-end management investment company that seeks to provide investors with attractive current income and the potential for capital appreciation. The fund primarily invests in senior secured loans and other debt instruments issued by middle-market companies. By focusing on floating-rate structures, it aims to offer a measure of protection against rising interest rates while generating regular cash distributions.

The fund’s investment strategy centers on building a diversified portfolio of direct lending opportunities across a broad range of industries, including healthcare, business services, and industrials.