Nuveen Churchill Direct LendingNCDL
NCDL
About: Nuveen Churchill Direct Lending Corp is a specialty finance company focused predominantly on investing in senior secured loans to private equity-owned U.S. middle market companies. It invest in senior secured loans that typically pay floating interest rates and are senior in the capital structure to junior debt and equity.
0
Funds holding %
of 7,312 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 2 (+1) [Q1 2025]
6% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 17
0% more funds holding
Funds holding: 80 [Q4 2024] → 80 (+0) [Q1 2025]
1.2% less ownership
Funds ownership: 29.36% [Q4 2024] → 28.16% (-1.2%) [Q1 2025]
8% less capital invested
Capital invested by funds: $269M [Q4 2024] → $248M (-$20.9M) [Q1 2025]
14% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 28
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$14
18%
downside
Avg. target
$16.08
6%
downside
High target
$18
5%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
JMP Securities Devin Ryan | 5%upside $18 | Market Outperform Maintained | 24 Jun 2025 |
Wells Fargo Finian O'Shea | 18%downside $14 | Equal-Weight Maintained | 13 May 2025 |
UBS Vilas Abraham | 5%downside $16.25 | Neutral Maintained | 17 Apr 2025 |
Financial journalist opinion
Negative
Seeking Alpha
1 day ago
BDC Misconceptions Setting Investors Up For Failure
BDCs face a number of misconceptions in the commentariat having to do with earnings, dividend coverage, and more. Short-term rates are still attractive, BDC valuations are reasonable, and portfolio quality has improved; floating-rate assets remain compelling even at lower levels. Investors should focus on rigorous analysis, valuations, and NII yield, not simplistic headlines or price momentum.
Neutral
Forbes
1 month ago
These 5 Special Dividends Are More Than Meets The Eye
Most mainstream financial websites are not “smart enough” to include special dividends. The yields they display reflect plain ol' quarterly or monthly payouts.
Positive
Seeking Alpha
1 month ago
Nuveen Churchill Direct Lending: This High-Yielding BDC Remains Undervalued
NCDL remains attractively valued, trading at a notable discount to book despite solid performance and a well-diversified, high-quality portfolio. Fee waivers rolling off will reduce outperformance, but the new fee structure is still shareholder-friendly and supports a sustainable dividend yield. Share repurchases at a discount and management's focus on shareholder interests further enhance returns.
Neutral
Seeking Alpha
2 months ago
Nuveen Churchill Direct Lending Corp. (NCDL) Q1 2025 Earnings Call Transcript
Nuveen Churchill Direct Lending Corp. (NYSE:NCDL ) Q1 2025 Earnings Conference Call May 8, 2025 11:00 AM ET Company Participants Ken Kencel - Chairman, President and CEO Shai Vichness - CFO Robert Paun - IR Conference Call Participants Brian McKenna - Citizens JMP Doug Harter - UBS Maxwell Fritscher - Truist Securities. Operator Welcome to Nuveen Churchill Direct Lending Corp's first quarter 2025 earnings call.
Negative
Zacks Investment Research
2 months ago
Nuveen Churchill Direct Lending Corp. (NCDL) Q1 Earnings and Revenues Lag Estimates
Nuveen Churchill Direct Lending Corp. (NCDL) came out with quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.56 per share a year ago.
Neutral
Business Wire
2 months ago
Nuveen Churchill Direct Lending Corp. Announces First Quarter 2025 Results
NEW YORK--(BUSINESS WIRE)--Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) (“NCDL” or the “Company”), a business development company externally managed by its investment adviser, Churchill DLC Advisor LLC (the “Adviser”), and by its sub-adviser, Churchill Asset Management LLC (“Churchill”), today reported financial results for the first quarter ended March 31, 2025. Financial Highlights for the Quarter Ended March 31, 2025 Net investment income of $0.53 per share Net realized and unrealized.
Positive
Seeking Alpha
2 months ago
My BDC Portfolio: 2 Months In And A Clear Alpha Performance
My BDC Portfolio: 2 Months In And A Clear Alpha Performance
Positive
Seeking Alpha
2 months ago
Nuveen Churchill Direct Lending: Ridiculously Cheap Given Its Quality
Nuveen Churchill Direct Lending Corp. is a strong BDC pick, with a rock-solid portfolio and significant focus on first-lien debt investments. NCDL's portfolio includes 210 companies with an average EBITDA of $78m, indicating market-tested enterprises with strong competitive positions. Despite rising liquidity issues, NCDL's 90.6% first-lien debt investments and outstanding diversification mitigate risks and highlight its defensive orientation.
Neutral
Business Wire
2 months ago
Nuveen Churchill Direct Lending Corp. Schedules First Quarter 2025 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) (“NCDL” or “the Company”), today announced it will report its financial results for the first quarter ended March 31, 2025, on Thursday, May 8, 2025, before the market opens. The Company will host an earnings conference call and public webcast at 11:00 AM Eastern Time the same day to discuss its financial results. All interested parties may participate in the conference call by dialing (866)-605-1826 approximately 10-.
Negative
Seeking Alpha
2 months ago
BDC Weekly Review: BDCs Plunge On Macro Fears
We take a look at the action in business development companies through the first week of April and highlight some of the key themes we are watching. BDCs faced significant losses, with average returns around -9% on the week with valuations dropping below historical averages. Valuation uncertainty is high due to quarterly NAV declarations and systemic/idiosyncratic factors; estimated NAV drops are 2-3% from Q4 levels.
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