Financial Services
Morgan Stanley Direct Lending Fund(MSDL)
Live Price
Offline$15.37
+1.39% today
1Y Change
-19.57%
Window
Jun 25, 2025 โ Jun 18, 2026
- Market Cap
- $1.35B
- Revenue Growth
- +16.4%
- EPS Growth
- -42.4%
- Dividend Yield
- 12.4%
Coverage: 247 bars ยท Jun 25, 2025 โ Jun 18, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
Morgan Stanley Direct Lending Fund (MSDL) is a Financial Services stock with a market cap of $1.35B and listed on NYSE. The stock last traded around $15.37 and down 19.6% across the available one-year price window (Jun 25, 2025 โ Jun 18, 2026). Baseline metrics include revenue growth of +16.4%, EPS growth of -42.4%, a dividend yield of 12.4%. What stands out right now is revenue +16.4%, EPS -42.4%, free cash flow -25.1% with operating margin 54.0% and ROIC 4.0%. The dividend matters to the case here, with a current yield around 12.4%. Valuation is more restrained than many high-expectation growth names at P/E 11.3 and price/sales 4.6. Overall, the current profile looks closer to a income-oriented value setup than a generic broad-market placeholder. Stock Foundry combines MSDL price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Financial Services peers on this page.
Sector Context
How this name stacks up against nearby peers on first-pass metrics.
Revenue Growth
Above sector median
+16.4% vs +3.4% peer median
Operating Margin
Above sector median
+54.0% vs +4.7% peer median
What Changed This Quarter
Latest report context and the signals most likely to have changed the story.
Latest report is on the board
2026 was reported on May 7, 2026, but the surprise data is still limited.
The operating picture looks softer than before
Revenue is at +16.4% and EPS is at -42.4%, with operating margin around 54.0%.
Shareholder return is still part of the story
The stock is still offering a dividend yield around 12.4%, which matters if the thesis depends on income as much as growth.
Earnings Reaction Memory
How the stock has tended to move after recent reports.
Across the last 3 reported quarters, the stock averaged -1.9% over the next 5 trading days and finished higher after 1 of those reports.
View quarter-by-quarter reaction table
| Quarter | EPS ฮ | 1D | 5D | 20D |
|---|---|---|---|---|
2026 May 7, 2026 | โ | -0.2% | -1.9% | -2.3% |
2026 Feb 26, 2026 | +0.0% | -4.3% | -4.4% | -6.7% |
2025 Nov 6, 2025 | +2.0% | -1.0% | +0.6% | +5.5% |
Benchmark Edge
MSDL vs SPY, QQQ, and Sector ETFs
Normalized return, excess return, max drawdown, and calendar-year wins against the benchmarks investors actually use.
MSDL
โ
Normalized return
SPY
--
S&P 500
Excess Return
--
Relative to SPY
MSDL Max Drawdown
-30.17%
Trailing 1Y
SPY Max Drawdown
โ
Trailing 1Y
Calendar-Year Returns
Uses the longest available daily history for MSDL and SPY.
Company Overview
Morgan Stanley Direct Lending Fund
New York Stock Exchange
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.
- Leadership
- Michael Occi Jr.
- IPO Date
- Jan 24, 2024
- Street Address
- 1585 Broadway
- Mailing
- New York City
- Region
- New York City, US
- Reporting Currency
- USD
- Investor Line
- +1 212 761 4000
- Last Updated
- May 2, 2026
Key Fundamentals
Valuation, growth, profitability, and balance sheet signals.
Valuation
- P/E
- 11.3
- EV/EBITDA
- 21.4
- Price/Sales
- 4.6
- Price/Book
- 0.8
Growth
- Revenue
- +16.4%
- EPS
- -42.4%
- Free Cash Flow
- -25.1%
Profitability
- Gross Margin
- 58.7%
- Operating Margin
- 54.0%
- Net Margin
- 42.1%
- ROE
- 6.9%
- ROIC
- 4.0%
Balance Sheet
- Debt/Equity
- 1.19
- Current Ratio
- โ
Earnings Reports
Latest News
Official Releases
Company announcements and filings-style updates.
Next Step
Keep the research moving
After the overview, the strongest next step is usually chart context or a tighter compare set.