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NCDL Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
13.619
Open
13.619
VWAP
13.30
Vol
156.36K
Mkt Cap
650.43M
Low
13.120
Amount
2.08M
EV/EBITDA(TTM)
13.48
Total Shares
49.39M
EV
1.74B
EV/OCF(TTM)
9.20
P/S(TTM)
3.76
Nuveen Churchill Direct Lending Corp. is a specialty finance company. The Company's investment objective is to generate attractive risk-adjusted returns through current income by investing primarily in senior secured loans to private equity-owned United States middle market companies. It invests in directly originated senior secured loans that typically pay floating interest rates and are senior in the capital structure to junior debt and equity. It primarily focuses on investments in United States middle market companies with $10 million to $100 million of EBITDA, which it considers the core middle market. Its portfolio is comprised primarily of first-lien senior secured debt and unitranche loans. It also opportunistically invests in junior capital opportunities, including second-lien loans, equity co-investments and similar equity-related securities. It is externally managed by its investment adviser, Churchill DLC Advisor LLC, and by its sub-adviser, Churchill Asset Management LLC.
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Events Timeline

(ET)
2026-05-07
07:40:00
Company's Board Declares $0.36 Per Share Dividend
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2026-05-07
07:40:00
NCDL Reports Net Asset Value Per Share of $17.50
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2026-02-26 (ET)
2026-02-26
08:00:00
NCDL Reports Q4 NAV per Share of $17.72
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2025-11-04 (ET)
2025-11-04
07:56:50
Nuveen Churchill announces Q3 EPS of 43 cents, below consensus estimate of 45 cents
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2025-09-10 (ET)
2025-09-10
07:15:27
Nuveen Churchill Executes 948K Share Block Trade at $15.38 per Share
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News

seekingalpha
8.0
05-08seekingalpha
Nuveen Churchill Direct Lending Corp. Declares Quarterly Dividend
  • Quarterly Dividend Declaration: Nuveen Churchill Direct Lending Corp. has declared a quarterly dividend of $0.36 per share, consistent with previous distributions, indicating the company's stable cash flow and commitment to shareholder returns.
  • Supplemental Distribution Announcement: The board has also declared a supplemental distribution of $0.02 per share, payable on July 28, demonstrating the company's dedication to returning value to shareholders despite current economic conditions.
  • Earnings Performance Review: In Q1 2026, Nuveen Churchill reported a GAAP net investment income of $0.41, missing expectations by $0.01, highlighting challenges in revenue growth that could impact future dividend policies.
  • Future Outlook: The company anticipates a second-quarter distribution of $0.38 per share as spreads move towards 5%–5.25%, reflecting the potential impact of changing market conditions on the company's earnings.
seekingalpha
9.5
05-08seekingalpha
Nuveen Churchill Direct Lending Corp. Q1 2026 Earnings Insights
  • Net Investment Income: Nuveen Churchill reported a net investment income of $0.41 per share for Q1 2026, impacted by one-time interest and debt financing expenses of approximately $0.02 per share, with adjusted NII at $0.43 per share compared to $0.44 in Q4 2025, indicating slight fluctuations in profitability.
  • Shareholder Distribution: The Board declared a total second-quarter distribution of $0.38 per share, comprising a regular distribution of $0.36 and a supplemental distribution of $0.02, reflecting the company's commitment to returning value to shareholders despite a decrease from the previous quarter's $0.40.
  • Portfolio Performance: As of March 31, NAV stood at $17.50 per share, down from $17.72 at the end of December, primarily due to spread widening and slight declines in the fair value of underperforming portfolio companies, highlighting challenges in the current market environment.
  • Market Outlook: Management did not provide explicit EPS or total investment income guidance but emphasized improving momentum in new M&A activity, with CEO Kencel noting strong demand for direct lending despite a higher rate environment and competitive pressures.
NASDAQ.COM
9.5
05-07NASDAQ.COM
Nuveen Churchill Reports Decline in Q1 Profit
  • Profit Decline: Nuveen Churchill Direct Lending Corp. reported a first-quarter profit of $8.69 million, or $0.18 per share, which represents a significant drop from last year's $15.02 million and $0.29 per share, indicating a weakening in the company's profitability.
  • Revenue Decrease: The company's revenue for the quarter was $42.86 million, reflecting a 15.7% decline compared to $50.85 million last year, highlighting increasing market challenges and softening demand.
  • Profitability Metrics: The drop in earnings per share not only affects investor confidence but may also lead to higher future financing costs, thereby impacting the company's capital operations and expansion plans.
  • Market Reaction Outlook: Given the dual decline in profit and revenue, the market is expected to adopt a cautious stance regarding Nuveen Churchill's future performance, which could affect its stock price and long-term investor confidence.
seekingalpha
9.5
05-06seekingalpha
Nuveen Churchill Direct Lending Q1 Earnings Announcement Scheduled
  • Earnings Announcement Schedule: Nuveen Churchill Direct Lending Corp. (NCDL) is set to announce its Q1 2026 earnings on May 7 before market open, with consensus EPS estimate at $0.42 and revenue at $47.79 million, indicating market confidence in its stable performance.
  • Earnings Estimate Adjustments: Over the past three months, EPS estimates have seen three upward revisions with no downward adjustments, reflecting analysts' optimism about the company's profitability; however, revenue estimates have experienced one upward and two downward revisions, indicating cautious sentiment regarding revenue growth.
  • Dividend Cut and Buyback Plan: NCDL recently slashed its dividend by 20% to $0.36 per share and announced a supplemental dividend of $0.04, while also authorizing a $50 million share repurchase program to enhance shareholder returns and stabilize its stock price.
  • Stable Portfolio Performance: Despite facing challenges, NCDL has managed to maintain a stable portfolio performance and plans to distribute $0.40 per share in Q1 2026, demonstrating its resilience in an uncertain market environment.
CNBC
8.5
03-20CNBC
Investment Opportunities in Housing Municipal Bonds
  • Growing Market Demand: The issuance of housing municipal bonds has tripled from 2016 to 2025 due to increasing concerns over housing affordability, now representing 7% of the municipal market, providing investors with opportunities for additional yield.
  • Yield Comparison: Currently, the average yield on 10-year housing bonds stands at 3.58%, surpassing the broader municipal market's 3.06%, indicating that investors can achieve higher returns through housing bonds.
  • Investment Strategy: Nuveen's Chief Investment Officer recommends a barbell approach that incorporates both single-family and workforce housing bonds to balance risk and return, particularly targeting essential workers who earn too much for affordable housing yet struggle with market rates.
  • Social Impact: Investing in housing bonds not only offers tax-exempt income but also supports housing development by providing cheaper capital, resulting in meaningful savings for both renters and homebuyers, thereby enhancing social welfare.
CNBC
7.5
03-06CNBC
Municipal Bonds: A Stable Income Choice Amid Market Turmoil
  • Market Volatility Impact: Concerns over the U.S.-Iran conflict have led to a projected 2% drop in the S&P 500 and a 3% decline in the Dow this week, prompting investors to seek more stable investment options, with municipal bonds gaining attention.
  • Yield Attractiveness: Municipal bond yields have risen alongside Treasury fluctuations, and despite geopolitical risks, investors can lock in higher yields, particularly for those in higher tax brackets, where a 3.4% yield translates to a 5.8% tax-equivalent yield.
  • Market Performance Recovery: The Bloomberg Municipal Bond Index has gained approximately 1.5% year-to-date, outperforming the less than 1% return of the Bloomberg U.S. Aggregate Bond Index, indicating strong demand and reduced supply driving market recovery.
  • Investment Strategy Recommendations: Experts suggest investors adopt a barbell strategy that combines short-term and long-term bonds to maximize flexibility and returns while preparing for potential market volatility, ensuring portfolio stability.
Wall Street analysts forecast NCDL stock price to rise
2 Analyst Rating
Wall Street analysts forecast NCDL stock price to rise
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
15.00
Averages
16.50
High
18.00
Current: 0.000
sliders
Low
15.00
Averages
16.50
High
18.00
UBS
Neutral
maintain
AI Analysis
2026-04-20
Reason
UBS
Price Target
AI Analysis
2026-04-20
maintain
Neutral
Reason
UBS raised the firm's price target on Nuveen Churchill to $15.50 from $14.75 and keeps a Neutral rating on the shares.
Truist
Buy
maintain
$18 -> $16
2026-03-04
Reason
Truist
Price Target
$18 -> $16
2026-03-04
maintain
Buy
Reason
Truist lowered the firm's price target on Nuveen Churchill to $16 from $18 and keeps a Buy rating on the shares as part of a broader research on BDCs - business development companies - with updates on several models post earnings. The modest decline in 2026 estimate results from lower assumed portfolio growth as the firm assumes utilization of its recently announced $50M share repurchase plan this year, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for NCDL
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Valuation Metrics

The current forward P/E ratio for Nuveen Churchill Direct Lending Corp (NCDL.N) is 7.93, compared to its 5-year average forward P/E of 8.22. For a more detailed relative valuation and DCF analysis to assess Nuveen Churchill Direct Lending Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
8.22
Current PE
7.93
Overvalued PE
8.48
Undervalued PE
7.96

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
35.32
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
35.64
Undervalued EV/EBITDA
34.99

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
3.82
Current PS
3.71
Overvalued PS
3.95
Undervalued PS
3.70

Financials

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Whales Holding NCDL

A
Ares Management LLC
Holding
NCDL
-18.44%
3M Return

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Frequently Asked Questions

What is Nuveen Churchill Direct Lending Corp (NCDL) stock price today?

The current price of NCDL is 13.17 USD — it has decreased -0.38

What is Nuveen Churchill Direct Lending Corp (NCDL)'s business?

Nuveen Churchill Direct Lending Corp. is a specialty finance company. The Company's investment objective is to generate attractive risk-adjusted returns through current income by investing primarily in senior secured loans to private equity-owned United States middle market companies. It invests in directly originated senior secured loans that typically pay floating interest rates and are senior in the capital structure to junior debt and equity. It primarily focuses on investments in United States middle market companies with $10 million to $100 million of EBITDA, which it considers the core middle market. Its portfolio is comprised primarily of first-lien senior secured debt and unitranche loans. It also opportunistically invests in junior capital opportunities, including second-lien loans, equity co-investments and similar equity-related securities. It is externally managed by its investment adviser, Churchill DLC Advisor LLC, and by its sub-adviser, Churchill Asset Management LLC.

What is the price predicton of NCDL Stock?

Wall Street analysts forecast NCDL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NCDL is16.50 USD with a low forecast of 15.00 USD and a high forecast of 18.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Nuveen Churchill Direct Lending Corp (NCDL)'s revenue for the last quarter?

Nuveen Churchill Direct Lending Corp revenue for the last quarter amounts to 35.16M USD, decreased -14.50

What is Nuveen Churchill Direct Lending Corp (NCDL)'s earnings per share (EPS) for the last quarter?

Nuveen Churchill Direct Lending Corp. EPS for the last quarter amounts to 0.18 USD, decreased -37.93

How many employees does Nuveen Churchill Direct Lending Corp (NCDL). have?

Nuveen Churchill Direct Lending Corp (NCDL) has 0 emplpoyees as of May 15 2026.

What is Nuveen Churchill Direct Lending Corp (NCDL) market cap?

Today NCDL has the market capitalization of 650.43M USD.