Entropy Technologies LP Makes New $392,000 Investment in Morgan Stanley Direct Lending (NYSE:MSDL)

Entropy Technologies LP bought a new position in shares of Morgan Stanley Direct Lending (NYSE:MSDL) during the fourth quarter, Holdings Channel.com reports. The fund bought 18,985 shares of the company’s stock, valued at approximately $392,000.

A number of other institutional investors have also recently modified their holdings of the stock. 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. Raymond James & Associates lifted its holdings in shares of Morgan Stanley Direct Lending by 377.5% in the third quarter. Raymond James & Associates now owns 123,822 shares of the company’s stock valued at $2,449,000 after purchasing an additional 97,893 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in Morgan Stanley Direct Lending during the fourth quarter worth $2,110,000. Shikiar Asset Management Inc. bought a new stake in Morgan Stanley Direct Lending during the fourth quarter worth $1,780,000. Finally, Activest Wealth Management purchased a new stake in Morgan Stanley Direct Lending in the third quarter worth $1,599,000.

Morgan Stanley Direct Lending Price Performance

NYSE:MSDL opened at $20.45 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.99. The business’s 50-day simple moving average is $20.96 and its two-hundred day simple moving average is $20.40. The stock has a market cap of $1.81 billion and a PE ratio of 8.02. Morgan Stanley Direct Lending has a 52 week low of $19.05 and a 52 week high of $24.18.

Analyst Ratings Changes

Separately, Wells Fargo & Company boosted their price objective on Morgan Stanley Direct Lending from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Morgan Stanley Direct Lending presently has an average rating of “Hold” and a consensus price target of $21.58.

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.