Morgan Stanley Direct Lending Fund (MSDL)

NYSE: MSDL · Real-Time Price · USD
16.81
+0.05 (0.30%)
Nov 13, 2025, 10:47 AM EST - Market open
0.30%
Market Cap1.48B
Revenuen/a
Net Incomen/a
Shares Out 88.28M
EPSn/a
PE Ration/a
Forward PE8.80
Dividend$2.00 (11.90%)
Ex-Dividend DateDec 31, 2025
Volume127,215
Open16.77
Previous Close16.76
Day's Range16.75 - 16.85
52-Week Range15.70 - 21.75
Betan/a
AnalystsBuy
Price Target18.36 (+9.22%)
Earnings DateNov 6, 2025

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. [Read more]

Sector Financials
Founded 2019
Country United States
Stock Exchange NYSE
Ticker Symbol MSDL
Full Company Profile

Financial Performance

Financial Statements

Analyst Summary

According to 7 analysts, the average rating for MSDL stock is "Buy." The 12-month stock price target is $18.36, which is an increase of 9.22% from the latest price.

Price Target
$18.36
(9.22% upside)
Analyst Consensus: Buy
Stock Forecasts

News

The BDC Bargain Bell Is Ringing

BDCs have had a rough year so far. Yet, Q3 earnings data points indicate that the tide could be turning. While there are some tangible improvements in BDC business environment, many risks remain open.

1 hour ago - Seeking Alpha

Morgan Stanley Direct Lending: 12% Yield And Rock Bottom Valuation

Morgan Stanley Direct Lending offers a compelling 12% yield and trades at a bargain 0.82x price-to-book, near its all-time low. MSDL has a conservatively managed, diversified portfolio of senior secur...

2 hours ago - Seeking Alpha

Morgan Stanley Direct Lending Fund (MSDL) Q3 2025 Earnings Call Transcript

Morgan Stanley Direct Lending Fund ( MSDL) Q3 2025 Earnings Call November 7, 2025 10:00 AM EST Company Participants Sanna Johnson Michael Occi - CEO & Director David Pessah - Chief Financial Officer ...

5 days ago - Seeking Alpha

Morgan Stanley Direct Lending Fund Announces September 30, 2025 Financial Results and Declares Fourth Quarter 2025 Regular Dividend of $0.50 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...

6 days ago - Business Wire

Morgan Stanley Direct Lending: Risk Is Overstated Relative To NAV Discount

Morgan Stanley Direct Lending offers compelling value, trading at a significant discount to NAV and near 52-week lows. MSDL's portfolio is defensive, with low leverage and a focus on first-lien loans,...

6 days ago - Seeking Alpha

2 BDCs To Sell Before They Cut Their Dividend

BDCs have been clearly out of favor this year. Yet, there are some clear pockets of opportunity, which have started to showcase a nice momentum - just as I outlined in my recent BDC strategic piece. I...

9 days ago - Seeking Alpha

10%+ Yielding Stocks Too Cheap To Ignore Right Now

10%+ yielding stocks tend to be risky. However, there are some sustainable 10%+ yields out there that also offer attractive capital appreciation potential. I share two 10%+ yields that are too cheap t...

Other symbols: AMLPBIZDBXSLDKDKLXLE
21 days ago - Seeking Alpha

Fearful About BDCs? Be Greedy

Many investors have become fearful of BDCs. The sector wide 22% discount to NAV is proof of that. Yet, very recently I have been adding more to my positions.

Other symbols: BIZDFDUSGLADKBDCTRIN
25 days ago - Seeking Alpha

Morgan Stanley Direct Lending: 12% Yield And 19% Discount Make It A Buy

Morgan Stanley Direct Lending offers an 11.9% dividend yield and trades near its 52-week low at a 19% discount to book value. MSDL maintains strong credit quality, full dividend coverage, and a conser...

26 days ago - Seeking Alpha

The Riskiest BDCs Might Be The Ones You Trust

BDCs have recently suffered a significant downside volatility. There is indeed a justified reason for system-wide valuation adjustments. Yet, for some BDCs the market has gone too far, while for some ...

4 weeks ago - Seeking Alpha

From The Discount Rack To Your Portfolio: Two 8%+ Yielders

The chances for a notable correction are certainly not low. Going into richly priced and growth-focused names might not be the smartest idea. Yet, sitting on sidelines might come with some serious opp...

4 weeks ago - Seeking Alpha

Morgan Stanley Direct Lending Fund Announces Third Quarter 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...

5 weeks ago - Business Wire

Bottom Fishing BDCs? This Is What You Have To Know

The BDC sector has been hammered. The discounts have become deep almost across the board. The question is whether to enter now, or is the risk still too high that it will end up being a 'catching a fa...

5 weeks ago - Seeking Alpha

Morgan Stanley Direct Lending: Buy The Dip Opportunity

MSDL has seen its stock price decline ~20% YTD, creating a significant valuation gap versus peer BXSL. Morgan Stanley Direct Lending now trades at ~0.8x NAV compared to BXSL's 1.0x, making the current...

5 weeks ago - Seeking Alpha

MSDL: From One Extreme To Another

Since May 2025, I have been bearish on the Morgan Stanley Direct Lending Fund. My concern was that MSDL's price-to-NAV aligned valuation did not factor in the forthcoming pressures from base rate cuts...

6 weeks ago - Seeking Alpha

Mr. Market's Warning: 2 Quality BDCs Who Could Slash Their Dividends Soon

Blackstone Secured Lending and Morgan Stanley Direct Lending are high-quality BDCs facing potential dividend cuts due to falling coverage ratios. BXSL's fundamentals remain strong, but tight dividend ...

6 weeks ago - Seeking Alpha

2 Income Powerhouses Entering Deep Bargain Territory

The current economic environment is marked by persistent inflation and a weakening labor market, raising uncertainty and risk for investors. Despite these risks, large-cap equities, tech stocks, and h...

7 weeks ago - Seeking Alpha

What Will It Take To Halt BDC Dividend Cuts? 1 Catalyst On The Horizon

14 BDCs have base dividend coverage levels between 100% and 105%. 16 BDCs have them already below 100%. Given the unfavorable future earnings outlook, a system-wide BDC dividend cutting process is ver...

7 weeks ago - Seeking Alpha

Is A 10%+ Yield Safe Right Now? 2 Picks For A Retiree's Radar

Interest rates are one of the most important drivers of asset valuations, directly impacting discount rates and valuations. So, as the Fed lowers rates, yield compression occurs, making it harder to f...

7 weeks ago - Seeking Alpha

Are You Falling For These 3 BDC Dividend Myths

BDCs have two issues: 1) almost no margin of safety for dividend coverage, and 2) depressed earnings outlook. For many players it is just a matter of several quarters before they become forced to cut ...

2 months ago - Seeking Alpha

5 BDCs That Deliver Double-Digit Yields (Up To 12.6%)

Wall Street suits tend to avoid business development companies (BDCs). That's a mistake.

Other symbols: BXSLOBDCOCSLTRIN
2 months ago - Forbes

The Worst Setup For BDCs In Years

BDCs have outperformed over the past half-decade. However, macro and sector conditions are shifting rapidly. This could be the toughest environment BDCs have faced in years.

2 months ago - Seeking Alpha

CEFs Are Becoming Less Appealing For Income Investors

The investment case for closed-end funds (CEFs) is weak now due to tight discounts, high leverage costs, and expensive underlying assets. Most CEFs do not deliver sustainable alpha, and lower-fee acti...

2 months ago - Seeking Alpha

Buy The Dip: 8-11% Blue Chip Yields Getting Way Too Cheap

Wall Street is asleep on two monster yields that could fuel early retirement. These blue-chip payouts are too cheap to last. Here's why I'm adding them to my portfolio before the market wakes up.

Other symbols: BXSLEPDETMPLX
2 months ago - Seeking Alpha

Morgan Stanley Direct Lending: Consistent Performer With A Rockbottom Valuation

We take a look at the Q2 results of BDC MSDL, which trades at an 11.3% dividend yield and a 14% discount. MSDL allocates primarily to less-cyclical sectors such as Software, Insurance and Commercial S...

2 months ago - Seeking Alpha