GBDC - Morgan Stanley Direct Lending Fund Soars 5.4%: Is Further Upside Left in the Stock? | Benzinga
Morgan Stanley Direct Lending Fund (NYSE: MSDL) shares rallied 5.4% in the last trading session to close at $24.13. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 3% gain over the past four weeks.
With the Federal Reserve expected to cut the rate once later this year, the financial services companies are in the spotlight. Hence, Morgan Stanley Direct Lending Fund is likely to see an increase in demand for loans from its portfolio companies and new entities as they realize higher rates are here ...