Morgan Stanley Direct Lending Fund (MSDL)
| Market Cap | 1.17B -18.3% |
| Revenue (ttm) | 360.57M -10.7% |
| Net Income | 4.84M -96.7% |
| EPS | 0.06 -96.6% |
| Shares Out | 83.30M |
| PE Ratio | 252.31 |
| Forward PE | 7.48 |
| Dividend | $1.80 (12.85%) |
| Ex-Dividend Date | Nov 30, 2026 |
| Volume | 554,495 |
| Open | 14.31 |
| Previous Close | 13.96 |
| Day's Range | 13.96 - 14.35 |
| 52-Week Range | 12.71 - 17.91 |
| Beta | 0.66 |
| Analysts | Buy |
| Price Target | 15.04 (+7.35%) |
| Earnings Date | Nov 5, 2026 |
About MSDL
Morgan Stanley Direct Lending Fund is a business development company. It is a Private Debt fund. The fund specializes in senior secured term loans, first lien senior secureds (including unitranche loans), floating rate loans and second-lien senior secured term loans. The fund specializes in mezzanine debt, joint venture, unsecured debt, equity investments, leveraged buyouts, acquisitions, debt refinancings, recapitalizations and other opportunistic asset purchases. The fund chiefly invests in riskier bonds, issued by middle-market companies or ... [Read more]
Financial Performance
In 2025, MSDL's revenue was $397.29 million, a decrease of -4.52% compared to the previous year's $416.08 million. Earnings were $122.09 million, a decrease of -43.36%.
Financial StatementsAnalyst Summary
According to 7 analysts, the average rating for MSDL stock is "Buy." The 12-month stock price target is $15.04, which is an increase of 7.35% from the latest price.
News
Morgan Stanley Direct Lending upgraded to Buy from Neutral at UBS
UBS analyst Melissa Wedel upgraded Morgan Stanley Direct Lending (MSDL) to Buy from Neutral with a $14.50 price target
Morgan Stanley Direct Lending upgraded to Buy from Neutral at UBS
UBS last night upgraded Morgan Stanley Direct Lending (MSDL) to Buy from Neutral with a price target of $14.50, down from $15.50. The shares traded lower post last week’s Q3…
Morgan Stanley Direct Lending price target lowered to $15 from $16 at Keefe Bruyette
Keefe Bruyette lowered the firm’s price target on Morgan Stanley Direct Lending (MSDL) to $15 from $16 and keeps a Market Perform rating on the shares.
Morgan Stanley Direct Lending Fund Earnings Call Transcript: Q3 2026
Q3 NII per share increased to $0.48, while NAV fell amid concentrated credit marks and the BrightPet restructuring. Lower fees begin in 2027, and a supplemental distribution adds $0.015 per share to Q4 payouts.
Morgan Stanley Direct Lending Fund Quarterly report: Q3 2026
Morgan Stanley Direct Lending Fund has published its Q3 2026 quarterly earnings report on November 6, 2026.
Morgan Stanley Direct Lending Fund Earnings release: Q3 2026
Morgan Stanley Direct Lending Fund released its Q3 2026 earnings on November 6, 2026, summarizing the period's financial results.
Morgan Stanley Direct Lending Fund Slides: Q3 2026
Morgan Stanley Direct Lending Fund has posted slides in relation to its Q3 2026 quarterly earnings report, which was published on November 6, 2026.
Morgan Stanley Direct Lending Fund Announces September 30, 2026 Financial Results and Declares Fourth Quarter 2026 Regular Dividend of $0.45 per Share, a Supplemental Dividend of $0.015 per Share and a Reduction of Base Management and Incentive Fees
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...
Morgan Stanley Direct Lending price target lowered to $15 from $17 at Raymond James
Raymond James lowered the firm’s price target on Morgan Stanley Direct Lending (MSDL) to $15 from $17 and keeps an Outperform rating on the shares.While non-accruals spiked last quarter, there…
Morgan Stanley Direct Lending Fund Announces Third Quarter 2026 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...
Morgan Stanley Direct Lending price target lowered to $15.50 from $16.25 at UBS
UBS lowered the firm’s price target on Morgan Stanley Direct Lending (MSDL) to $15.50 from $16.25 and keeps a Neutral rating on the shares.
Morgan Stanley Direct Lending Fund Earnings Call Transcript: Q2 2026
Net investment income covered the dividend, with portfolio health remaining solid and 95% of assets performing as underwritten. Non-accruals rose to 2.9% of the portfolio, but management remains confident in the dividend and outlook, supported by JV growth and active capital management.
Morgan Stanley Direct Lending Fund Quarterly report: Q2 2026
Morgan Stanley Direct Lending Fund has published its Q2 2026 quarterly earnings report on August 7, 2026.
Morgan Stanley Direct Lending Fund Earnings release: Q2 2026
Morgan Stanley Direct Lending Fund released its Q2 2026 earnings on August 7, 2026, summarizing the period's financial results.
Morgan Stanley Direct Lending Fund Slides: Q2 2026
Morgan Stanley Direct Lending Fund has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 7, 2026.
Morgan Stanley Direct Lending Fund Announces June 30, 2026 Financial Results and Declares Third 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...
Morgan Stanley Direct Lending Fund Announces Second Quarter 2026 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...
Morgan Stanley Direct price target raised to $14.50 from $14 at JPMorgan
JPMorgan raised the firm’s price target on Morgan Stanley Direct Lending (MSDL) to $14.50 from $14 and keeps a Neutral rating on the shares. The firm adjusted targets in the…
KBRA Assigns Rating to Morgan Stanley Direct Lending Fund's $350 Million Senior Unsecured Notes
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a rating of BBB to Morgan Stanley Direct Lending Fund's (NYSE: MSDL or "the company") $350 million, 6.10% senior unsecured notes due July ...
Morgan Stanley Direct Lending Fund Prices Public Offering of $350.0 Million 6.100% Notes Due 2031
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Direct Lending Fund (NYSE: MSDL) (“MSDL” or the “Company”) today announced that it has priced an offering of $350.0 million aggregate principal amount of 6.10...
Morgan Stanley Direct Lending Fund Transcript: AGM 2026
The meeting confirmed a quorum and proceeded with the election of two directors and the ratification of the independent auditor. All proposals were approved by stockholders, and the meeting was adjourned.
Morgan Stanley Direct Lending Fund Earnings Call Transcript: Q1 2026
Net investment income declined modestly to $0.47 per share due to lower base rates, but portfolio quality remained strong with non-accruals down to 1.5%. Share repurchases and JV deployment supported NAV and future income, while spreads and lender terms improved.
Morgan Stanley Direct Lending Fund Quarterly report: Q1 2026
Morgan Stanley Direct Lending Fund has published its Q1 2026 quarterly earnings report on May 8, 2026.
Morgan Stanley Direct Lending Fund Earnings release: Q1 2026
Morgan Stanley Direct Lending Fund released its Q1 2026 earnings on May 8, 2026, summarizing the period's financial results.