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MSDL

Morgan Stanley Direct Lending Fund

MSDL

NYSE·Financial Services·Financial - Conglomerates·Mkt cap $1.3B

$15.25

+0.33%

P/E

22.10

Mkt Cap

$1.3B

52-Wk Range

$13.66–$18.04

52-Week Range

$13.66 - $18.04

P/E

22.10

Fwd P/E

8.44

Beta

0.64

Div Yield

12.46%

Avg Vol

519.9K

Shares Out

85.3M

Mkt Cap

$1.3B

Price action

Price chart

Down 15.2% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Morgan Stanley institutional backing and deal sourcing
  • Direct origination model reducing intermediary costs
  • Senior secured loan positions with downside protection
  • Experienced credit underwriting and portfolio management

Bear Case

1 risk

  • Low volatility (beta 0.6).

Growth

Strong growth ahead

Increased demand for alternative credit in middle-market financing

Value

Attractively priced below sector peer average

Momentum

Stable

+0.7% over 3m

Quality

Excellent

Strong fundamentals

Dividend

High yield

12.46% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Nov 5, 2026

Q3 26 RECAP

AUG 6, 2026

Reported EPS of $0.45 vs $0.45 consensus (+0.3% surprise). Revenue of $88.8M vs $90.0M expected (-1.4%).

EPS beat +0.3%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+0.3%

Revenue trend · last 8Q

-33%

-41%

+5%

+87%

+22%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$51.8M

$50.8M

$31.3M

$38.3M

$30.8M

$53.6M

$58.4M

$88.8M

Margins · last 8Q

Gross

0.0%

Operating

0.0%

Profit

43.9%

Wall Street consensus

4 analysts · 0% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

0%

Hold

4

100%

Sell

0%

Median Price Target

Latest: Morgan Stanley · Jul 2, 2026

vs Industry

How MSDL stacks vs Financial - Conglomerates

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.