Adams Asset Advisors LLC increased its holdings in Morgan Stanley Direct Lending (NYSE:MSDL - Free Report) by 152.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,992 shares of the company's stock after buying an additional 37,992 shares during the period. Adams Asset Advisors LLC owned about 0.07% of Morgan Stanley Direct Lending worth $1,301,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. Allworth Financial LP bought a new position in Morgan Stanley Direct Lending in the third quarter worth about $32,000. Muzinich & Co. Inc. purchased a new stake in shares of Morgan Stanley Direct Lending during the 3rd quarter valued at $68,000. Centiva Capital LP purchased a new stake in shares of Morgan Stanley Direct Lending during the third quarter worth about $213,000. Caprock Group LLC acquired a new position in shares of Morgan Stanley Direct Lending during the third quarter valued at about $245,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Morgan Stanley Direct Lending in the 3rd quarter valued at $271,000.
NYSE:MSDL traded up $0.15 during midday trading on Monday, hitting $20.67. The company's stock had a trading volume of 282,723 shares, compared to its average volume of 362,238. The firm's 50 day moving average is $20.77 and its 200-day moving average is $20.26. The firm has a market cap of $1.83 billion and a P/E ratio of 8.11. 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 has a fifty-two week low of $19.05 and a fifty-two week high of $24.18.
The firm also recently announced a -- dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.10 per share. This represents a dividend yield of 10.1%. The ex-dividend date of this dividend is Tuesday, December 31st. Morgan Stanley Direct Lending's dividend payout ratio (DPR) is presently 78.43%.
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.
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