Morgan Stanley Direct Lending Fund (MSDL)
| Market Cap | 1.25B -29.7% |
| Revenue | n/a |
| Net Income | n/a |
| EPS | n/a |
| Shares Out | 85.63M |
| PE Ratio | n/a |
| Forward PE | 7.98 |
| Dividend | $2.00 (13.59%) |
| Ex-Dividend Date | Mar 31, 2026 |
| Volume | 450,654 |
| Open | 14.66 |
| Previous Close | 14.52 |
| Day's Range | 14.50 - 14.78 |
| 52-Week Range | 14.25 - 20.90 |
| Beta | 0.36 |
| Analysts | Hold |
| Price Target | 15.93 (+9.11%) |
| Earnings Date | Feb 26, 2026 |
About MSDL
Morgan Stanley Direct Lending Fund is a business development company. The fund chiefly invests in riskier bonds, issued by middle-market companies or by private equity firms looking to finance their acquisitions.
Financial Performance
Financial StatementsAnalyst Summary
According to 7 analysts, the average rating for MSDL stock is "Hold." The 12-month stock price target is $15.93, which is an increase of 9.11% from the latest price.
News
After Recognising This, I've Decided To Go All In On BDCs
I see recent credit risk repricing as excessively aggressive and overblown, creating potential opportunity. Market reactions often swing violently when sentiment shifts, lacking balanced or rational r...
I'm Buying These 7-12% Yields With Discounts To NAV And Peers
Morgan Stanley Direct Lending Fund and Energy Transfer both offer high yields, discounted valuations, and solid dividend coverage. MSDL trades at a 29% discount to NAV, has a 12.5% yield, and maintain...
2 Costly Mistakes BDC Investors Keep Making - And 3 Income Picks I Like Now
Ares Capital, Capital Southwest, and Trinity Capital stand out as attractive BDCs for income-focused investors amid sector headwinds. Rising defaults, increased leverage (average 1.25x), and potential...
How Much Does Management Matter For A Publicly Traded Company?
The performance of the VanEck BDC Income Exchange Traded Fund, which includes over 30 BDCs in its market cap-weighted index, gives a good sense of how BDCs performed in these different environments. D...
BDCs: Gloom, But Not Doom
Private credit and BDCs are under sector-specific pressure, not part of a broader fixed income risk-off trade. Recent negative sentiment is driven by liquidity events, failed mergers, and redemption p...
Two Discount BDCs Yielding 17% And 45% That You Shouldn't Touch
In my view, BDC sell-off is overdone. Given that the sector has been so punished, there are many opportunities to lock in attractive double digiti yields. Some particular names have become so discount...
2 BDCs To Dump Before Their Dividends Get Slashed
System-wide BDC dividend cuts have already started. Even high-quality names have not been isolated from this. While we have still many cuts in front of us, we have to separate interest rate driven cut...
3 Things That Make You Delusional About BDCs
High-quality BDCs warrant selective buying, but indiscriminate accumulation exposes investors to hidden portfolio risks and potential impairments. Weighted average portfolio metrics, like interest cov...
I'm Buying Up To 12% Yield For Recurring Income
Dividend stocks help to buffer the impacts of a volatile market. In this article, I highlight two names that offer 6-12% yields that are well-covered by cashflow. Both trade at significant discounts t...
Why 2026 Will Likely Bring More BDC Pain And Which 2 Picks I Like
The BDC sector faces heightened volatility in 2026 due to AI-driven software disruption and anticipated rate cuts. So far, multiple BDCs have reduced their leading dividends, with more likely in 2026....
The Most Dangerous Mistakes BDC Investors Keep Making
Double-digit yields look irresistible… but there are hidden risks few income investors truly understand. Business Development Company dividends are about to change – here's what everyone is missing.
Morgan Stanley Direct Lending Fund: 13.5% Yielding Gem To Buy For Pennies On The Dollar
Just as I predicted, Morgan Stanley Direct Lending Fund has cut its dividend. Yet, as the cut was minor (only 10%) and the recent SaaS-driven selloff has pushed the BDC into an even deeper discount zo...
Morgan Stanley Direct Lending Fund (MSDL) Q4 2025 Earnings Call Transcript
Morgan Stanley Direct Lending Fund (MSDL) Q4 2025 Earnings Call Transcript
Morgan Stanley Direct Lending Fund Announces December 31, 2025 Financial Results and Declares First Quarter 2026 Regular Dividend of $0.45 per Share
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Direct Lending Fund (NYSE: MSDL) (“MSDL” or the “Company”), a business development company externally managed by MS Capital Partners Adviser Inc. (the “Advise...
Why BDC Dividend Cuts Matter Less Than You Think
System-wide BDC dividend cuts are highly likely as base dividend coverage averages 99% and growth is constrained. As a result, many BDC investors have decided to sit on the sidelines until the expecte...
Morgan Stanley Direct Lending - Be Patient
Morgan Stanley Direct Lending (MSDL) is rated Hold, due to sector headwinds, declining portfolio quality, and dividend coverage concerns. MSDL's non-accrual loans rose to 1.2% at cost, and portfolio y...
MSDL: Time To Buy The Dip And Lock In 13% Yield
The market has punished MSDL very hard. Currently, MSDL trades at ~26% discount to NAV, which is the lowest level it has ever had and also way below the sector average. The key driver behind the depre...
Buy The Dip: 11-13% Yields Getting Way Too Cheap
The market is pricing in a disaster that the data still refuses to confirm. Deep discounts and double-digit yields are colliding in an overlooked corner of the market. If sentiment flips, the upside c...
Morgan Stanley Direct Lending Fund Announces Fourth Quarter and Full Year 2025 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Direct Lending Fund (NYSE: MSDL) ("MSDL”), a business development company externally managed by MS Capital Partners Adviser Inc., today announced it will rele...
Two 12%+ Dividends Going From Bargains To Buys
Investors are currently adopting a more conservative stance, favoring high-quality value and durable income. However, this rotation coupled with lower interest rates echoes a bit 2022's system-wide yi...
My Ultimate Buy-The-Dip Picks For 10-12% Income
These two income plays just fell hard, but the fundamentals didn't. They have double-digit yields, deep discounts, and balance sheet firepower. It's the kind of setup long-term income investors often ...
Morgan Stanley Direct Lending Is In Trouble (Rating Downgrade)
Morgan Stanley Direct Lending Fund's weighted average yield fell from 11% in Q3 2024 to 9.9% in Q3 2025, pressuring NII, but that's not my largest concern. MSDL is in trouble because of increasing str...
The Biggest Bargain And The Most Expensive Lottery Ticket I See In The BDC Space
BDC sector valuations remain depressed, with P/NAV metrics under 1x due to falling rates and credit risk concerns. Dividend sustainability is diverging across BDCs; not all will cut, but the ones with...
The Chart That Answers Your Question About BDC Dividend Cuts
Investors have started to question how sustainable BDC dividends are. A lot of this skepticism is logical and justified by valid reasons. My calculus shows that on average BDCs could cut their dividen...
Morgan Stanley Direct Lending: Continues To Disappoint Going Into 2026
Morgan Stanley Direct Lending Fund (MSDL) remains a sell as persistent NAV deterioration and thin dividend coverage signal elevated risk. MSDL trades at a 16.85% discount to NAV, reflecting portfolio ...