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Morgan Stanley Direct Lending Fund

MSDL · NYSE

$12.92+$0.14 (+1.10%)TodayMarket closed ·
Prev close $12.78

About MSDL

Morgan Stanley Direct Lending Fund is a business development and finance company, which engages in lending to middle-market companies. The company is headquartered in New York City, New York. The company went IPO on 2024-01-24. The firm is a non-diversified, externally managed specialty finance company focused on lending to middle-market companies. The Company’s investment objective is to achieve attractive risk-adjusted returns via current income and, to a lesser extent, capital appreciation by investing primarily in directly originated senior secured term loans issued by United States middle-market companies backed by private equity sponsors. The firm invests primarily in directly originated senior secured term loans including first lien senior secured term loans and second lien senior secured term loans. The Company’s wholly owned subsidiaries include DLF CA SPV LLC (CA SPV), DLF SPV LLC (DLF SPV), DLF Financing SPV LLC (Financing SPV) and DLF Equity Holdings LLC. The Company’s investment adviser is MS Capital Partners Adviser Inc.

Employees
0
Headquarters
New York City, New York
Listed
Jan 24, 2024
Sector
Financials
Industry
Capital Markets
Website
msdl.com

MSDL key statistics

Market cap
1.09B
Price-earnings ratio
18.52
Dividend yield
15.67%
Average volume
528.04K
Volume
544.37K
Open price
$12.80
High today
$13.02
Low today
$12.80
52 Week high
$17.91
52 Week low
$12.71

Morgan Stanley Direct Lending Fund (MSDL) at a glance

As of Oct 20, 2026, Morgan Stanley Direct Lending Fund (MSDL) shares are priced at $12.92, giving the company a market cap of 1.09B, a price-to-earnings ratio of 18.52 and a dividend yield of 15.67%.

Today the stock has traded between $12.80 and $13.02. The current price is 0.9% above the day's low and 0.7% below its high.

Volume so far is 544.37K shares, in line with the average of 528.04K shares a day.

Over the past year Morgan Stanley Direct Lending Fund has ranged from $12.71 to $17.91, and now sits 4% of the way up that range.

Morgan Stanley Direct Lending Fund met or beat analyst EPS estimates in 3 of the last 8 quarters. In Q2 FY26 it reported $0.45 per share against an estimate of $0.459.

The average analyst price target is $16.11, 24.7% above the current price, from 6 recent ratings.

Analyst ratings

Latest rating from each analyst over the past 12 months

0%of 6 analyst ratings say Buy
  • Buy0.0%
  • Hold100.0%
  • Sell0.0%
Price target · 9 analystsAvg $16.11
Low
$14.14
Now
$12.92
High
$17.85

MSDL earnings

Earnings per share, reported against the analyst estimate

Beat the estimate in 3 of the last 8 quarters, by 8.1% on average.

  1. Q3 FY24: reported $0.66 per share against an estimate of $0.6548
  2. Q4 FY24: reported $0.57 per share against an estimate of $0.6344
  3. Q1 FY25: reported $0.52 per share against an estimate of $0.561
  4. Q2 FY25: reported $0.50 per share against an estimate of $0.5253
  5. Q3 FY25: reported $0.50 per share against an estimate of $0.5144
  6. Q4 FY25: reported $0.62 per share against an estimate of $0.5042
  7. Q1 FY26: reported $0.47 per share against an estimate of $0.4677
  8. Q2 FY26: reported $0.45 per share against an estimate of $0.459

MSDL news

  • Press releaseBusiness Wire

    Morgan Stanley Direct Lending Fund Announces Third Quarter 2026 Earnings Release and Conference Call

  • Press releaseBusiness Wire

    Morgan Stanley Direct Lending Fund Announces June 30, 2026 Financial Results and Declares Third Quarter 2026 Regular Dividend of $0.45 per Share

  • Press releaseBusiness Wire

    Morgan Stanley Direct Lending Fund Announces Second Quarter 2026 Earnings Release and Conference Call

  • Press releaseBusiness Wire

    KBRA Assigns Rating to Morgan Stanley Direct Lending Fund's $350 Million Senior Unsecured Notes

  • Press releaseBusiness Wire

    Morgan Stanley Direct Lending Fund Prices Public Offering of $350.0 Million 6.100% Notes Due 2031

  • Press releaseBusiness Wire

    Morgan Stanley Direct Lending Fund Announces March 31, 2026 Financial Results and Declares Second Quarter 2026 Regular Dividend of $0.45 per Share

  • Press releaseBusiness Wire

    Morgan Stanley Direct Lending Fund Announces First Quarter 2026 Earnings Release and Conference Call

  • Press releaseBusiness Wire

    Morgan Stanley Direct Lending Fund Announces December 31, 2025 Financial Results and Declares First Quarter 2026 Regular Dividend of $0.45 per Share

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Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.