Morgan Stanley Direct Lending Fund Reports Q3 Results

Morgan Stanley Direct Lending Fund ( (MSDL) ) has issued an update.

On November 6, 2025, Morgan Stanley Direct Lending Fund announced its financial results for the third quarter ending September 30, 2025, reporting a net investment income of $43.7 million, or $0.50 per share, consistent with the previous quarter. The company declared a regular dividend of $0.50 per share for the fourth quarter, payable in January 2026. The fund’s net asset value per share slightly decreased to $20.41, and its debt-to-equity ratio increased to 1.17x. Notably, the company successfully closed its inaugural collateralized loan obligation (CLO) with a principal of approximately $401 million, enhancing its capital structure and liquidity.

The most recent analyst rating on (MSDL) stock is a Buy with a $19.50 price target. To see the full list of analyst forecasts on Morgan Stanley Direct Lending Fund stock, see the MSDL Stock Forecast page.

Spark’s Take on MSDL Stock

According to Spark, TipRanks’ AI Analyst, MSDL is a Outperform.

Morgan Stanley Direct Lending Fund’s strong financial performance, attractive valuation, and strategic advancements in a challenging market are significant strengths. However, recent cash flow issues and concerns from the earnings call temper the overall outlook, resulting in a cautiously optimistic score.

To see Spark’s full report on MSDL stock, click here.

More about Morgan Stanley Direct Lending Fund

Morgan Stanley Direct Lending Fund (MSDL) is a business development company managed by MS Capital Partners Adviser Inc. It operates in the financial services industry, focusing on direct lending and investment management, with a portfolio comprising various debt and equity investments across multiple industries.

Average Trading Volume: 846,101

Technical Sentiment Signal: Sell

Current Market Cap: $1.47B

For a thorough assessment of MSDL stock, go to TipRanks’ Stock Analysis page.