MSDL · Morgan Stanley Direct Lending Fund
Market Cap
$1.20B
Shares
84.11M
Volume · Oct 5
677.93K
Avg daily vol (3M)
448.35K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$13.53
Open$13.82
Day$13.43–13.84
52W close$13.53–17.79
Avg vol 30d440K
Short int4.0M · 4.8% float · 9.2d
Short vol63%
Last earningsAug 7, 2026
DataJan 2024–Oct 2026
Filing10-Q · Aug 6
Up next
Next earnings call
Oct 26, 2026
Est · unconfirmed
· in 3 wks
filed Aug 6, 2026
call held May 7, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$374.16M
Trailing 12 months
Net income (TTM)
$59.75M
Trailing 12 months
Revenue growth YoY
-10.8%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
19.6
Trailing earnings · reciprocal yield 5.1%
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$1.90B
Latest balance sheet
Dividend yield
13.7%
Trailing 12 months
Shares change YoY
-2.8%
Year over year · fewer shares
Price change (1Y)
-17.5%
Trailing year
Short interest
4.8%
Latest settlement · 9.2 days to cover
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Strong Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Weak
Quant / Vol
Low
Market backdrop
VIX 15.3 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−12%
below
Price vs 50-day avg
−9%
below
RSI (14)
23
oversold
MACD trend
Negative
52-week position
0%
near low
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−11%
trailing
6-month return
−7%
trailing
YTD return
−18%
this year
Relative strength
−20%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $15 › 200d $15 — 200d above 50d
Institutional flow
Accumulating
2 of 141 funds reported for Sep 30 · net +1.4K sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
4.81% of float · ▲ +3.4% MoM · 9.2 days cover
Volume signal
Reversal watch
High volume on a down day — possible exhaustion
Institution breadth
Multi-yr high
141 holders — near 2-yr high, broad support
Squeeze score
73
high risk · 0–100
Fundamentals
EPS growth
−42%
Y/Y
Valuation
P/E 20.7
in line
Buyback
$83.5M
remaining
Balance sheet
$2.0B
net debt
Quant / Vol
risk profile
Volatility
22%
annualized · 1-yr
Max drawdown
−24%
past year
ATR
2.2%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders Strong Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−12%
Bearish
Price vs 50-day avg
−9%
Bearish
RSI (14)
23
Neutral
MACD trend
Negative
Bearish
52-week position
0%
Bearish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $15 › 200d $15 — 200d above 50d
Institutional flow
Accumulating
2 of 141 funds reported for Sep 30 · net +1.4K sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
4.81% of float · ▲ +3.4% MoM · 9.2 days cover
Volume signal
Reversal watch
High volume on a down day — possible exhaustion
Institution breadth
Multi-yr high
141 holders — near 2-yr high, broad support
Price context
position in its 52-week range
Range low $14
Now $14 · 0%
Range high $18
vs 200-day avg -12%
vs 50-day avg -9%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Availability under credit facilities | 1.47B | As of June 30, 2026 | — |
| Average investment size | 15.5M | As of June 30, 2026 | — |
| Average investment size as percentage of total portfolio at fair value | 0.4% | As of June 30, 2026 | — |
| Average share repurchase price | $15.06 | Q2 FY2026 | — |
| Capstone JV total capital commitments called | 52.3% | As of June 30, 2026 | — |
| Combined weighted average interest rate on debt outstanding | 5.4% | Q2 FY2026 | — |
| Floating rate debt investments as a percentage of total portfolio at fair value | 99.6% | As of June 30, 2026 | — |
| Gross principal balance of new investments committed | $154.99M | For the Three Months Ended June 30, 2026 filing | — |
| Investment fundings | 146.2M | Q2 FY2026 | — |
| Net funded deployment | -94.2M | Q2 FY2026 | — |
| Net new investments committed | $94.99M | For the Three Months Ended June 30, 2026 filing | — |
| New investment commitments (net of any syndications) | 95M | Q2 FY2026 | — |
| Non-accrual investments as percentage of total investments at amortized cost | 2.9% | As of June 30, 2026 | — |
| Number of industries | 36 | As of June 30, 2026 | — |
| Number of new investment commitments in portfolio companies | 3 | Q2 FY2026 | — |
| Number of portfolio companies | 229 | As of June 30, 2026 | — |
| Number of portfolio companies exited or fully repaid | 1 | Q2 FY2026 | — |
| Sales and repayments | 240.5M | Q2 FY2026 | — |
| Shares repurchased | 831,486 | Q2 FY2026 | — |
| Total weighted average yield of investments in debt securities at amortized cost | 9.1% | As of June 30, 2026 | — |
| Total weighted average yield of investments in debt securities at fair value | 9.4% | As of June 30, 2026 | — |
| Unrestricted cash and short-term, liquid investments | 71.6M | As of June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Asset Management — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
MSDL
this stock
Morgan Stanley Direct Lending Fund
|
$1.20B | -17.9% | — | 20.7 | 4.8% |
|
BLK
BlackRock, Inc.
|
$347.03B | -1.0% | +16.2% | 25.6 | 0.6% |
|
KKR
KKR & Co. Inc.
|
$86.77B | -29.2% | -11.0% | — | 1.5% |
|
BX
Blackstone Inc.
|
$85.57B | -27.5% | +9.2% | 25.6 | 2.6% |
|
BN
BROOKFIELD Corp /ON/
|
$81.46B | -19.5% | — | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MSDL | -5.3% | -11.0% | -7.5% | -0.7% | -17.9% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -5.1% | -10.5% | -19.6% | -1.7% | -30.8% |
Capital returns
Latest dividend
$0.45
/ share · ex Sep 30, 2026
Paid (TTM)
$1.85
/ share · 4 payouts
Dividend yield (TTM, derived)
13.67%
Buyback programs
· 2 active
· as of Jun 30, 2026
Authorized (total)
$200.00M
Spent (derived)
$116.50M
Remaining
$83.50M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.