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StockVS

NYSE · Asset Management · USD

Morgan Stanley Direct Lending Fund (MSDL) Stock Analysis

Morgan Stanley Direct Lending Fund (MSDL) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

MSDL

$12.89

−$0.03 (−0.23%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MSDL Key Statistics

As of Oct 21, 2026
Trading
Open
$13.00
Previous Close
$12.92
Day's Range
12.78–13.00
52-Week Range
12.71–17.91
Volume
605.27K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.68
Valuation
Market Cap
$1.08B
P/E Ratio
18.68
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
7.12
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.90
EPS (ttm)Profit attributable to each share over the last twelve months.
0.69
Financials (FY)
Revenue (FY)
$133.07M−36.51%
Net Income (FY)
$122.09M−43.36%
Profit marginThe share of revenue left as profit after all costs and taxes.
15.97%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
84.11M
1-Year Return
−17.01%
Dividend and dates
Dividend
$1.80+13.93%
Ex-Dividend Date
September 30, 2026
Earnings Date
November 5, 2026
Avg Volume
472.31K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, MSDL closed at $12.89, −17.01% over 1 year.

Morgan Stanley Direct Lending Fund (MSDL) has a market capitalization of $1.08B.

In fiscal 2025, MSDL reported revenue of $133.07M.

MSDL Stock Return by Calendar Year

Morgan Stanley Direct Lending Fund (MSDL) return since Jan 2024: what $10,000 became

1 year
$10,000 $8,299
−17.01%
Since Jan 2024
$10,000 $8,227
−17.73%

If you had invested $10,000 in Morgan Stanley Direct Lending Fund (MSDL) at the close on January 24, 2024, the earliest close on record here, it would have been worth $8,227 at the close on October 21, 2026: −17.73% in total, −6.87% a year, with dividends reinvested, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−16.81%
2025−10.85%
2024+10.95%

As of October 21, 2026.

MSDL Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$133.07M$122.09M91.8%
2024$209.59M$215.56M102.8%
2023$215.25M$231.01M107.3%
2022$33.03M$48.54M146.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$133.07M——$122.09M91.8%
2024$209.59M——$215.56M102.8%
2023$215.25M——$231.01M107.3%
2022$33.03M——$48.54M146.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

MSDL Dividend History

$2.00−9.1% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$0.902—
2025$2.004−9.1%
2024$2.206—

Most recent payment: $0.45 per share, ex-dividend June 30, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

MSDL Valuation vs Asset Management Median

Median of 512 stocks
MetricMSDLAsset Management medianvs median
P/E18.689.4498% above
P/S ratio2.908.5966% below
Profit margin15.97%74.97%59.0 pts below

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 10 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Morgan Stanley Direct Lending Fund (MSDL) is capitalised at $1.08B on the latest close. It is classified in the Asset Management industry, within the Financial Services sector.

Over the past 52 weeks the price has ranged from $12.71 to $17.91. The most recent close on file for MSDL is $12.89, dated October 21, 2026. That is −$0.03 (−0.23%) against the previous close. The latest close sits 1.42% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $133.07M. That is −36.51% against the prior fiscal year, when revenue was $209.59M. The same year closed with net income of $122.09M. That is −43.36% against the prior fiscal year. Profit margin runs at 15.97%. That is 59 percentage points below the Asset Management median of 74.97%. Trailing earnings per share are 0.69.

Across the 4 fiscal years on file, revenue moves from $33.03M in 2022 to $133.07M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 18.68 times earnings. That is 97.88% above the Asset Management median of 9.44. On forward earnings the ratio is 7.12. The price-to-sales ratio is 2.9. On price-to-sales that is 66.28% below the Asset Management median of 8.59. The medians here are taken across 512 Asset Management companies that report the metric.

The reported beta is 0.68. Daily returns over the trailing 2 years annualize to a volatility of 20.77%. Over the trailing twelve months the total return is −17.01%. The stored price history starts on January 24, 2024, and the total return since then is −17.73%.

Growth & Income

Shareholders receive a dividend, yielding 13.93% on the latest price. That is 5 percentage points above the Asset Management median yield of 8.91%. The indicated annual rate is $1.80 a share. The ex-dividend date on file is September 30, 2026. Dividends are recorded for 3 calendar years; 2026 shows 2 payments totalling $0.90 a share. The year before, 2025, totalled $2.00 a share.

2026 is still running; the total return is −16.81% year to date. The strongest complete calendar year on file is 2024 at +10.95%; the weakest is 2025 at −10.85%.

Peer Comparison

Morgan Stanley Direct Lending Fund (MSDL) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Morgan Stanley Direct Lending Fund MSDL $1.08B 18.7
BlackRock, Inc. BLK $184.31B 25.8
Blackstone Inc. BX $127.43B 23.9
Brookfield Corporation BN $83.74B 69.5

The Asset Management industry average P/E ratio is 9.4x. Morgan Stanley Direct Lending Fund trades at a P/E of 18.7.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Morgan Stanley Direct Lending Fund

Morgan Stanley Direct Lending Fund is a business development company. It is a Private Debt fund. The fund chiefly invests in riskier bonds, issued by middle-market companies or by private equity firms looking to finance their acquisitions.