MSDL icon

Morgan Stanley Direct Lending Fund

19.86 USD
-0.14
0.70%
At close May 20, 4:00 PM EDT
After hours
19.72
-0.14
0.70%
1 day
-0.70%
5 days
0.56%
1 month
3.98%
3 months
-4.66%
6 months
-3.03%
Year to date
-5.02%
1 year
-13.61%
5 years
-3.78%
10 years
-3.78%
 

About: Morgan Stanley Direct Lending Fund is a fund whose investment objective is to achieve attractive risk-adjusted returns via current income and to a lesser extent, capital appreciation by investing predominantly in directly originated senior secured term loans issued by U.S. middle-market companies backed by private equity sponsors. It invests predominantly in directly originated senior secured term loans including first lien senior secured term loans including unitranche loans and second lien senior secured term loans, with the balance of the investments expected to be in higher-yielding assets such as mezzanine debt, unsecured debt, equity investments and other opportunistic asset purchases.

0
Funds holding %
of 7,202 funds
0
Analysts bullish %
of 5 analysts

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

325% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 12

127% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 11

19% more capital invested

Capital invested by funds: $431M [Q4 2024] → $513M (+$81.2M) [Q1 2025]

15% more funds holding

Funds holding: 82 [Q4 2024] → 94 (+12) [Q1 2025]

5.54% more ownership

Funds ownership: 23.48% [Q4 2024] → 29.02% (+5.54%) [Q1 2025]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]

57% less call options, than puts

Call options by funds: $1.26M | Put options by funds: $2.92M

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$19
4%
downside
Avg. target
$20
2%
upside
High target
$22
11%
upside

5 analyst ratings

positive
20%
neutral
80%
negative
0%
Wells Fargo
Finian O'Shea
4%downside
$19
Equal-Weight
Maintained
28 Apr 2025
JP Morgan
Melissa Wedel
2%downside
$19.50
Neutral
Maintained
24 Apr 2025
UBS
Doug Harter
3%upside
$21
Neutral
Maintained
17 Apr 2025
Keefe, Bruyette & Woods
Ryan Lynch
1%upside
$20
Market Perform
Maintained
8 Apr 2025
RBC Capital
Kenneth Lee
11%upside
$22
Outperform
Reiterated
4 Mar 2025

Financial journalist opinion

Based on 11 articles about MSDL published over the past 30 days

Neutral
Business Wire
1 week ago
Morgan Stanley Direct Lending Fund Prices Public Offering of $350.0 Million 6.000% Notes Due 2030
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 6.000% notes due 2030 (the “Notes”). The Notes will mature on May 19, 2030 and may be redeemed in whole or in part at the Company's option at any time at par plus a “make-whole” premium, provided that the Notes may be redeemed at par one month prior to their maturity. The offering is expected to close.
Morgan Stanley Direct Lending Fund Prices Public Offering of $350.0 Million 6.000% Notes Due 2030
Positive
Seeking Alpha
1 week ago
10% Yields Every Retiree Should Own
These 10% yielders combine safety, growth, and big upside potential—perfect for living off dividends in retirement. Both are fully covering their dividends with cash flow and trade at attractive valuations—grab them while they're cheap. We also look at the risks facing each of them.
10% Yields Every Retiree Should Own
Neutral
Seeking Alpha
1 week ago
Morgan Stanley Direct Lending Fund (MSDL) Q1 2025 Earnings Call Transcript
Morgan Stanley Direct Lending Fund (NYSE:MSDL ) Q1 2025 Earnings Conference Call May 9, 2025 10:00 AM ET Company Participants Sanna Johnson – Head-Investor Relations Jeff Levin – Chief Executive Officer Michael Occi – President David Pessah – Chief Financial Officer Conference Call Participants Melissa Wedel – J.P. Morgan Heli Sheth – Raymond James Marissa Lobo – UBS Operator Welcome to Morgan Stanley Direct Lending First Quarter 2025 Earnings Call.
Morgan Stanley Direct Lending Fund (MSDL) Q1 2025 Earnings Call Transcript
Negative
Zacks Investment Research
1 week ago
Morgan Stanley Direct Lending Fund (MSDL) Q1 Earnings and Revenues Lag Estimates
Morgan Stanley Direct Lending Fund (MSDL) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.63 per share a year ago.
Morgan Stanley Direct Lending Fund (MSDL) Q1 Earnings and Revenues Lag Estimates
Neutral
Business Wire
1 week ago
Morgan Stanley Direct Lending Fund Announces March 31, 2025 Financial Results and Declares Second 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 “Adviser”), today announced its financial results for the first quarter ended March 31, 2025. QUARTERLY HIGHLIGHTS Net investment income of $46.2 million, or $0.52 per share, as compared to $50.7 million, or $0.57 per share, for the quarter ended December 31, 2024; Net asset value of $20.65 per share, as.
Morgan Stanley Direct Lending Fund Announces March 31, 2025 Financial Results and Declares Second Quarter 2025 Regular Dividend of $0.50 per Share
Negative
Zacks Investment Research
2 weeks ago
Earnings Preview: Morgan Stanley Direct Lending Fund (MSDL) Q1 Earnings Expected to Decline
Morgan Stanley Direct Lending Fund (MSDL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Earnings Preview: Morgan Stanley Direct Lending Fund (MSDL) Q1 Earnings Expected to Decline
Positive
Seeking Alpha
2 weeks ago
My BDC Portfolio: 2 Months In And A Clear Alpha Performance
My BDC Portfolio: 2 Months In And A Clear Alpha Performance
My BDC Portfolio: 2 Months In And A Clear Alpha Performance
Positive
Seeking Alpha
3 weeks ago
3 High-Yielding BDCs For 2025
Despite expected volatility and potential recession, Ares Capital, Blackstone Secured Lending, and Morgan Stanley Direct Lending are likely to maintain their current dividends in 2025. Ares Capital's conservative fiscal strategy, solid dividend coverage, and investment-grade credit ratings position it well for the year ahead. Blackstone Secured Lending's defensively-positioned portfolio and robust liquidity make it a strong contender, despite lower interest rates potentially impacting the sector.
3 High-Yielding BDCs For 2025
Neutral
Seeking Alpha
3 weeks ago
Investing In BDCs For Durable Income Amidst The Looming Recession
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Negative
Seeking Alpha
4 weeks ago
The Dark Side Of BDC Investing
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