MSDL
Morgan Stanley Direct Lending Fund NYSE Listed Jan 24, 2024$15.37
+1.39%
vs $15.16
Mkt Cap $1.3B
52w Low $13.82
26.0% of range
52w High $19.79
50d MA $15.24
200d MA $16.04
P/E (TTM)
11.0x
EV/EBITDA
13.0x
P/B
0.8x
Debt/Equity
1.2x
ROE
7.0%
P/FCF
8.9x
RSI (14)
49.10
ATR (14)
$0.29
Beta
0.42
50d MA
$15.24
200d MA
$16.04
Avg Volume
624.3K
Morgan Stanley Direct Lending Fund is a business development and finance company, which engages in lending to middle-market companies. It invests in directly originated senior secured term loans including first lien senior secured term loans and second lien senior secured term loans. The company was founded on May 30, 2019 and is headquartered in New York, NY.
CIK (SEC)
Phone
+1 212 761 4000
1585 Broadway · New York City, NY 10036 · US
| Date | Time | Est | Rptd | Surp | Base | Gap% | D1% | D2% | D3% | D4% | D5% | Guide ▲★ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 7, 2026 | AMC | 0.45 | 0.47 | +4.4% | 15.51 | -0.2% | -0.2% | -2.0% | -0.1% | -0.2% | +0.6% | — |
| Feb 26, 2026 | AMC | 0.49 | 0.49 | +0.0% | 15.47 | -2.3% | -4.3% | -0.5% | -1.0% | +2.2% | -0.7% | — |
| Nov 6, 2025 | AMC | 0.49 | 0.50 | +2.0% | 16.62 | -1.5% | -1.0% | -0.1% | +1.5% | +0.4% | -0.2% | — |
| Aug 7, 2025 | AMC | 0.52 | 0.50 | -3.8% | 18.16 | -2.1% | -1.5% | -1.0% | +0.3% | +0.0% | -0.5% | — |
| May 8, 2025 | AMC | 0.56 | 0.52 | -7.1% | 19.26 | -1.3% | -3.4% | +5.6% | -0.2% | +0.2% | +1.1% | — |
| Feb 27, 2025 | AMC | 0.63 | 0.57 | -9.5% | 20.70 | -1.1% | -2.2% | +0.8% | -1.7% | +0.3% | -0.7% | — |
| Nov 7, 2024 | AMC | 0.64 | 0.66 | +3.1% | 20.22 | -0.5% | +0.1% | -0.6% | -0.7% | +1.7% | -0.4% | — |
| Aug 8, 2024 | AMC | 0.62 | 0.63 | +1.6% | 19.37 | +2.7% | +2.2% | +0.2% | -1.3% | +1.7% | -0.2% | — |
| May 9, 2024 | AMC | 0.65 | 0.63 | -3.1% | 23.32 | -1.3% | -4.5% | +0.3% | +0.3% | -0.7% | +2.5% | — |
| Mar 1, 2024 | AMC | 0.66 | 0.67 | +1.5% | 19.79 | +1.3% | +1.1% | -0.7% | +0.1% | +2.4% | -1.8% | — |
| Sep 30, 2023 | AMC | — | 0.83 | — | — | — | — | — | — | — | — | — |
| Jun 30, 2023 | AMC | — | 0.64 | — | — | — | — | — | — | — | — | — |
| Mar 31, 2023 | AMC | — | 0.50 | — | — | — | — | — | — | — | — | — |
| Date | Firm | Action | Grade | Target | Base | Open | Gap% | D1% | D2% | D3% | D4% | D5% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 20 | UBS | Maintains | Neutral → Neutral | — | $15.36 | $15.24 | -0.8% | +0.7% | -1.7% | +0.1% | -1.5% | +0.3% |
| Apr 16 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $15.32 | $15.41 | +0.6% | -0.4% | +0.7% | +0.7% | -1.7% | +0.1% |
| Mar 13 | JP Morgan | Maintains | Neutral → Neutral | — | $14.54 | $14.62 | +0.6% | +0.5% | -2.0% | +2.4% | -0.2% | -0.1% |
| Mar 13 | UBS | Maintains | Neutral → Neutral | — | $14.54 | $14.62 | +0.6% | +0.5% | -2.0% | +2.4% | -0.2% | -0.1% |
| Mar 5 | RBC Capital | Maintains | Sector Perform → Sector Perform | — | $14.90 | $14.78 | -0.8% | -0.7% | -0.2% | +0.0% | -1.6% | +0.3% |
| Mar 2 | Wells Fargo | Maintains | Equal Weight → Equal Weight | — | $14.80 | $14.60 | -1.4% | -0.5% | -1.0% | +2.2% | -0.7% | -0.2% |
| Mar 2 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $14.80 | $14.60 | -1.4% | -0.5% | -1.0% | +2.2% | -0.7% | -0.2% |
| Jan 7 | Wells Fargo | Downgrade | Overweight → Equal Weight | — | $16.75 | $16.60 | -0.9% | -4.1% | +2.9% | +0.5% | -1.4% | -0.4% |
| Nov 26 | RBC Capital | Downgrade | Outperform → Sector Perform | — | $17.24 | $17.02 | -1.3% | -0.8% | +1.1% | -0.8% | -0.1% | +1.6% |
| Nov 10 | JP Morgan | Maintains | Neutral → Neutral | — | $16.46 | $16.55 | +0.5% | -0.1% | +1.5% | +0.4% | -0.2% | -0.1% |
| Nov 10 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $16.46 | $16.55 | +0.5% | -0.1% | +1.5% | +0.4% | -0.2% | -0.1% |
| Oct 14 | UBS | Maintains | Neutral → Neutral | — | $16.96 | $16.75 | -1.2% | +0.5% | -0.3% | -1.4% | +0.4% | +0.6% |
| Oct 6 | Wells Fargo | Upgrade | Equal Weight → Overweight | — | $16.30 | $16.50 | +1.2% | +1.7% | -0.9% | +0.8% | -1.5% | -1.0% |
| Oct 1 | JP Morgan | Maintains | Neutral → Neutral | — | $16.08 | $16.09 | +0.1% | -1.6% | +3.7% | -0.6% | +1.7% | -0.9% |
| Sep 10 | RBC Capital | Maintains | Outperform → Outperform | — | $17.92 | $17.87 | -0.3% | -1.3% | +1.0% | -0.5% | -1.2% | -0.5% |
| Aug 14 | Wells Fargo | Maintains | Equal Weight → Equal Weight | — | $17.75 | $17.75 | +0.0% | -0.5% | +0.5% | +0.4% | -0.5% | -0.4% |
| Jul 16 | UBS | Maintains | Neutral → Neutral | — | $19.36 | $19.40 | +0.2% | +0.4% | +0.8% | +0.6% | -0.5% | +1.0% |
| May 22 | RBC Capital | Maintains | Outperform → Outperform | — | $19.38 | $19.45 | +0.4% | -0.4% | +0.9% | +1.0% | +0.3% | -0.2% |
| Apr 28 | Wells Fargo | Maintains | Equal Weight → Equal Weight | — | $19.32 | $19.38 | +0.3% | -0.1% | +0.9% | -0.1% | -1.2% | +0.9% |
| Apr 24 | JP Morgan | Maintains | Neutral → Neutral | — | $19.30 | $19.30 | +0.0% | +0.4% | -0.3% | -0.1% | +0.9% | -0.1% |
| Apr 17 | UBS | Maintains | Neutral → Neutral | — | $19.09 | $19.05 | -0.2% | +1.3% | -1.2% | +2.0% | -0.9% | +0.4% |
| Apr 8 | Keefe, Bruyette & Woods | Maintains | Market Perform → Market Perform | — | $18.36 | $18.86 | +2.7% | -3.1% | +5.3% | -3.2% | +2.0% | +3.4% |
| Mar 4 | RBC Capital | Maintains | Outperform → Outperform | — | $20.41 | $20.25 | -0.8% | -1.7% | +0.3% | -0.7% | +1.3% | -0.4% |
| Mar 3 | Wells Fargo | Maintains | Equal Weight → Equal Weight | — | $20.24 | $20.45 | +1.0% | +0.8% | -1.7% | +0.3% | -0.7% | +1.3% |
| Jan 29 | Wells Fargo | Maintains | Equal Weight → Equal Weight | — | $21.08 | $21.08 | +0.0% | -0.9% | +0.8% | -0.2% | -0.1% | -1.2% |
| Sep 13 | RBC Capital | Maintains | Outperform → Outperform | — | $20.16 | $20.25 | +0.4% | -0.2% | +0.1% | -0.9% | +1.2% | -0.2% |
| Aug 13 | RBC Capital | Maintains | Outperform → Outperform | — | $19.82 | $19.97 | +0.8% | -1.3% | +1.7% | -0.2% | +1.2% | +0.7% |
| Jul 29 | JP Morgan | Maintains | Neutral → Neutral | — | $19.80 | $19.85 | +0.3% | +2.0% | +1.9% | -0.9% | -0.0% | -1.2% |
| Jul 26 | Wells Fargo | Maintains | Equal Weight → Equal Weight | — | $19.52 | $19.70 | +0.9% | +1.4% | +2.0% | +1.9% | -0.9% | -0.0% |
| Jul 18 | UBS | Downgrade | Buy → Neutral | — | $23.25 | $23.11 | -0.6% | -0.6% | -2.6% | -6.1% | -3.4% | -2.2% |
| May 23 | RBC Capital | Maintains | Outperform → Outperform | — | $22.19 | $22.20 | +0.0% | +0.2% | -1.5% | +2.7% | +2.3% | +0.5% |
| May 14 | Wells Fargo | Maintains | Equal Weight → Equal Weight | — | $22.33 | $22.31 | -0.1% | +0.3% | -0.7% | +2.5% | +1.1% | -0.3% |
| May 13 | Raymond James | Downgrade | Outperform → Market Perform | — | $22.26 | $22.25 | -0.0% | +0.3% | +0.3% | -0.7% | +2.5% | +1.1% |
| Apr 12 | JP Morgan | Maintains | Neutral → Neutral | — | $21.09 | $21.48 | +1.8% | +0.0% | -1.0% | +2.3% | -0.6% | +0.2% |
| Mar 4 | RBC Capital | Maintains | Outperform → Outperform | — | $19.79 | $20.04 | +1.3% | +1.1% | -0.7% | +0.1% | +2.4% | -1.8% |
No insider trades available.
8-K · 1.01
! Medium
Morgan Stanley Direct Lending Fund -- 8-K 1.01: Financing / Debt Agreement
Morgan Stanley Direct Lending Fund amended its senior secured revolving credit facility with Truist Bank, expanding borrowing capacity and updating terms to support continued direct lending operations.
Apr 27
8-K · 7.01
! Medium
Unknown — 8-K 7.01: Regulation FD Disclosure
Morgan Stanley Direct Lending Fund's upcoming earnings call provides investors an opportunity to assess fund performance and management commentary, potentially influencing valuations of MSDL shares based on disclosed financial results and outlook.
Apr 6
8-K · 7.01
! Medium
Morgan Stanley Direct Lending Fund -- 8-K 7.01: Regulation FD Disclosure
Morgan Stanley Direct Lending Fund declared a $0.45 per share distribution payable April 24, 2026, providing steady income to MSDL shareholders from its lending portfolio.
Feb 26
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|---|---|---|---|---|---|
| 1 | Morgan Stanley | 31,752,672 | $523M | — | Dec 2025 |
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|---|---|---|---|---|
| 1 | VanEck BDC Income ETF | 1,032,291 | $14M | Mar 2026 |
| 2 | Putnam BDC Income ETF | 378,203 | $6M | Jan 2026 |
| 3 | FT Confluence BDC & Specialty Finance Income ETF | 47,450 | $702K | Feb 2026 |
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| 5 | Virtus Private Credit Strategy ETF | 26,839 | $435K | Jan 2026 |
| 6 | RiverNorth Active Income ETF | 25,985 | $363K | Mar 2026 |
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Valuation
Market Cap
$1.34B
Enterprise Value
$3.35B
P/E (TTM)
10.98x
Forward P/E
8.40x
PEG Ratio
-0.28x
P/B
0.77x
P/S
3.47x
P/FCF
8.89x
EV/EBITDA
12.96x
Shares Out
87.3M
Financials (TTM)
Revenue
$387.0M
Net Income
$122.1M
EBITDA
$258.2M
Free Cash Flow
$150.9M
Op Cash Flow
$154.6M
EPS Basic
$1.40
EPS Diluted
$1.40
EPS Forward
$1.83
Gross Margin
81.0%
Op Margin
66.7%
Net Margin
31.6%
Balance Sheet
Total Assets
$3.92B
Total Liab.
$2.17B
Total Equity
$1.75B
Cash
$81.4M
LT Debt
$2.09B
Book Value/Sh
$20.03
Debt/Equity
1.19x
Current Ratio
0.00
Quick Ratio
0.00
Returns & Growth
ROE
7.0%
ROA
3.1%
ROIC
6.6%
Rev Growth YoY
+16.4%
EPS Growth YoY
-42.4%
Price Returns
2W
+1.4%
1M
-0.5%
3M
+4.3%
6M
-10.7%
12M
-21.8%
Technicals
52W High
$19.79
52W Low
$13.82
50d MA
$15.24
200d MA
$16.04
RSI (14)
49.10
ATR (14)
$0.29
Beta
0.42
Avg Volume
624K
Dividends
Div Rate
$2.11
Div Yield
13.4%
Frequency
4
Ex-Div Date
Mar 31, 2026
Analyst Price Targets
Consensus
$16.81
High
$18.00
Low
$16.00
Median
$16.62
Data updated apr 26, 2026 1:25pm
· Source: financialmodelingprep.com