Symbols / NCDL Stock $14.63 +3.54% Nuveen Churchill Direct Lending Corp.

Financial Services • Asset Management • United States • NYQ
NCDL (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Asset Management
CEO Mr. Kenneth John Kencel J.D.
Exch · Country NYQ · United States
Market Cap 722.53M
Enterprise Value —
Income —
Sales —
FCF (ttm) —
Book/sh —
Cash/sh —
Employees —
Insider 10d —
IPO Jan 25, 2024
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 138.46%
P/E 11.25
Forward P/E 9.05
PEG —
P/S —
P/B —
P/C —
EV/EBITDA —
EV/Sales —
Quick Ratio —
Current Ratio —
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 1.30
EPS next Y 1.62
EPS Growth —
Revenue Growth —
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-02-26
Earnings (prior) 2026-02-26
ROA —
ROE —
ROIC —
Gross Margin 0.00%
Oper. Margin 0.00%
Profit Margin 0.00%
Shs Outstand 49.39M
Shs Float —
Insider Own 5.88%
Instit Own 42.63%
Short Float 1.55%
Short Ratio 2.69
Short Interest 655.81K
52W High 17.27
vs 52W High -15.29%
52W Low 12.43
vs 52W Low 17.75%
Beta —
Impl. Vol. —
Rel Volume 0.69
Avg Volume 256.94K
Volume 177.41K
Target (mean) $15.12
Tgt Median $15.38
Tgt Low $13.00
Tgt High $16.00
# Analysts 6
Recom Buy
Prev Close $14.13
Price $14.63
Change 3.54%
About

Nuveen Churchill Direct Lending Corp. (the “Company”) is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations. The Company is a closed-end, externally managed, non-diversified management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company's investment objective is to generate attractive risk-adjusted returns primarily through current income by investing primarily in senior secured loans to private equity-owned U.S. middle market companies, which the Company defines as companies with approximately $10.0 million to $100.0 million of earnings before interest, taxes, depreciation and amortization (“EBITDA”). The Company will focus on privately originated debt to performing U.S. middle market companies, with a portfolio expected to comprise primarily of first-lien senior secured debt and unitranche loans (other than last-out positions in unitranche loans) (collectively “Senior Loans”). The Company will also opportunistically invest in junior capital opportunities (second-lien loans, subordinated debt, last-out positions in unitranche loans and equity-related securities) (collectively “Junior Capital Investments”).

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$15.13
Mean price target
2. Current target
$14.63
Latest analyst target
3. DCF / Fair value
$19.50
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$14.63
Low
$13.00
High
$16.00
Mean
$15.13

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-20 main UBS Neutral → Neutral $16
2026-03-04 main Truist Securities Buy → Buy $16
2026-03-04 main Wells Fargo Equal-Weight → Equal-Weight $13
2026-02-27 main Keefe, Bruyette & Woods Market Perform → Market Perform $15
2025-11-05 main Wells Fargo Equal-Weight → Equal-Weight $14
2025-11-05 main Keefe, Bruyette & Woods Market Perform → Market Perform $16
2025-10-14 main UBS Neutral → Neutral $15
2025-07-16 main UBS Neutral → Neutral $18
2025-06-24 main JMP Securities Market Outperform → Market Outperform $18
2025-05-13 main Wells Fargo Equal-Weight → Equal-Weight $14
2025-04-28 main Wells Fargo Equal-Weight → Equal-Weight $15
2025-04-17 main UBS Neutral → Neutral $16
2025-04-08 main Keefe, Bruyette & Woods Market Perform → Market Perform $17
2024-08-12 main Wells Fargo Equal-Weight → Equal-Weight $17
2024-03-26 reit JMP Securities Market Outperform → Market Outperform $19
2024-02-28 up JMP Securities Market Perform → Market Outperform $19
2024-02-20 init B of A Securities — → Buy $19
2024-02-20 init Truist Securities — → Buy $19
2024-02-20 init Wells Fargo — → Equal-Weight $18
2024-02-20 init JMP Securities — → Market Perform —
News
RSS: Latest NCDL news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-12 VICHNESS SHAUL Chief Financial Officer — 5,000 $13.13 $65,650
2026-03-10 RITCHIE JAMES JOSEPH Director — 17,857 $13.71 $244,819
2026-03-06 LINETT MAT Managing Director — 2,000 $13.05 $26,099
2026-03-05 MCCALLY JOHN Officer — 2,000 $13.30 $26,595
2026-03-04 STRIFE JASON Divisional Officer — 7,690 $13.40 $103,046
2026-03-03 KENCEL KENNETH J Chief Executive Officer — 10,000 $13.04 $130,384
2026-03-03 MIRANDA KENNETH M. Director — 3,000 $12.83 $38,490
2025-11-19 MIRANDA KENNETH M. Director — 2,000 $14.10 $28,200
2025-11-17 VICHNESS SHAUL Chief Financial Officer — 5,000 $14.20 $71,000
2025-11-06 KENCEL KENNETH J Chief Executive Officer — 20,000 $14.22 $284,400
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
76.61
-31.24%
111.42
+29.52%
86.03
+267.79%
23.39
Operating Revenue
76.61
-31.24%
111.42
+29.52%
86.03
+267.79%
23.39
Operating Expense
10.85
+314.66%
-5.05
-154.56%
9.26
+52.29%
6.08
Selling General And Administration
8.23
+25.94%
6.54
+5.69%
6.19
+55.10%
3.99
General And Administrative Expense
8.23
+25.94%
6.54
+5.69%
6.19
+55.10%
3.99
Other Operating Expenses
2.61
+122.53%
-11.59
-477.10%
3.07
+46.94%
2.09
Net Income
65.61
-43.59%
116.32
+53.18%
75.94
+339.30%
17.29
Pretax Income
65.76
-43.54%
116.48
+51.73%
76.77
+343.49%
17.31
Net Interest Income
132.54
-9.72%
146.82
+43.19%
102.53
+79.15%
57.23
Interest Expense
73.22
-1.81%
74.58
+28.62%
57.98
+147.52%
23.42
Interest Income
205.76
-7.06%
221.40
+37.93%
160.51
+99.01%
80.66
Gain On Sale Of Security
-6.01
+54.44%
-13.20
-65.97%
-7.95
-2935.11%
-0.26
Tax Provision
0.15
-3.25%
0.15
-81.45%
0.83
+3358.33%
0.02
Tax Rate For Calcs
0.00
+14423.45%
0.00
-87.77%
0.00
+680.09%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
65.61
-43.59%
116.32
+53.18%
75.94
+339.30%
17.29
Net Income From Continuing Operation Net Minority Interest
65.61
-43.59%
116.32
+53.18%
75.94
+339.30%
17.29
Net Income From Continuing And Discontinued Operation
65.61
-43.59%
116.32
+53.18%
75.94
+339.30%
17.29
Net Income Continuous Operations
65.61
-43.59%
116.32
+53.18%
75.94
+339.30%
17.29
Minority Interests
—
—
0.71
+102.56%
-27.91
Normalized Income
65.61
-43.59%
116.32
+53.18%
75.94
+339.30%
17.29
Net Income Common Stockholders
65.61
-43.59%
116.32
+53.18%
75.94
+339.30%
17.29
Diluted EPS
1.30
-39.53%
2.15
+55.20%
1.39
+339.30%
0.32
Basic EPS
1.30
-39.53%
2.15
+55.20%
1.39
+339.30%
0.32
Basic Average Shares
50.29
-7.08%
54.12
-1.27%
54.82
+0.00%
54.82
Diluted Average Shares
50.29
-7.08%
54.12
-1.27%
54.82
+0.00%
54.82
Diluted NI Availto Com Stockholders
65.61
-43.59%
116.32
+53.18%
75.94
+339.30%
17.29
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
2,054.47
-4.16%
2,143.72
+23.85%
1,730.86
+38.03%
1,253.96
Cash And Cash Equivalents
62.48
+44.45%
43.25
-35.82%
67.39
+71.62%
39.27
Cash Equivalents
53.93
+32.04%
40.84
-36.66%
64.48
—
Cash Financial
8.55
+254.64%
2.41
-17.34%
2.92
—
Receivables
14.25
-25.00%
19.00
-12.03%
21.59
+51.83%
14.22
Prepaid Assets
—
0.05
+261.54%
0.01
-68.29%
0.04
Investments And Advances
1,977.41
-5.00%
2,081.38
+26.78%
1,641.69
+36.76%
1,200.38
Total Liabilities Net Minority Interest
1,179.29
+0.50%
1,173.40
+19.37%
982.98
+34.84%
729.00
Payables
64.24
-1.39%
65.14
+66.85%
39.04
+33.57%
29.23
Accounts Payable
44.28
-27.48%
61.06
+72.93%
35.31
+36.98%
25.78
Other Payable
19.95
+388.59%
4.08
+9.37%
3.73
+8.11%
3.45
Long Term Debt And Capital Lease Obligation
1,115.05
+0.61%
1,108.26
+17.41%
943.94
+34.89%
699.77
Stockholders Equity
875.18
-9.81%
970.32
+29.74%
747.88
+42.47%
524.96
Common Stock Equity
875.18
-9.81%
970.32
+29.74%
747.88
+42.47%
524.96
Capital Stock
0.49
-7.49%
0.53
+29.61%
0.41
+43.55%
0.29
Common Stock
0.49
-7.49%
0.53
+29.61%
0.41
+43.55%
0.29
Share Issued
49.39
-7.49%
53.39
-2.61%
54.82
+0.00%
54.82
Ordinary Shares Number
49.39
-7.49%
53.39
-2.61%
54.82
+0.00%
54.82
Additional Paid In Capital
930.39
-6.61%
996.29
+28.27%
776.72
+41.58%
548.60
Retained Earnings
-55.71
-110.22%
-26.50
+9.39%
-29.25
-22.21%
-23.93
Total Equity Gross Minority Interest
875.18
-9.81%
970.32
+29.74%
747.88
+42.47%
524.96
Total Capitalization
1,990.23
-4.25%
2,078.58
+22.86%
1,691.82
+38.14%
1,224.73
Invested Capital
1,990.23
-4.25%
2,078.58
+22.86%
1,691.82
+38.14%
1,224.73
Total Debt
1,115.05
+0.61%
1,108.26
+17.41%
943.94
+34.89%
699.77
Net Debt
1,052.57
-1.17%
1,065.01
+21.50%
876.54
+32.71%
660.50
Net Tangible Assets
875.18
-9.81%
970.32
+29.74%
747.88
+42.47%
524.96
Tangible Book Value
875.18
-9.81%
970.32
+29.74%
747.88
+42.47%
524.96
Cash Cash Equivalents And Federal Funds Sold
62.48
+44.28%
43.30
-35.79%
67.44
+71.53%
39.32
Financial Assets Designatedas Fair Value Through Profitor Loss Total
1,962.45
-5.71%
2,081.38
+26.78%
1,641.69
+36.76%
1,200.38
Investmentin Financial Assets
1,977.41
-5.00%
2,081.38
+26.78%
1,641.69
+36.76%
1,200.38
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
194.16
+165.33%
-297.20
+19.57%
-369.52
+13.63%
-427.84
Net Income From Continuing Operations
65.61
-43.59%
116.32
+53.18%
75.94
+339.30%
17.29
Other Non Cash Items
-10.25
-31.06%
-7.82
-106.74%
-3.78
-208.82%
-1.23
Gain Loss On Investment Securities
127.99
+129.92%
-427.71
+1.75%
-435.33
-2.48%
-424.81
Change In Working Capital
10.80
-50.90%
22.01
+446.79%
-6.35
+66.76%
-19.09
Change In Receivables
4.75
+82.76%
2.60
+133.18%
-7.83
-576.08%
-1.16
Change In Prepaid Assets
0.00
+100.00%
-0.03
-221.43%
0.03
+21.74%
0.02
Change In Payable
6.34
-67.19%
19.32
+1227.56%
1.46
+108.10%
-17.96
Change In Other Current Assets
-0.28
-320.47%
0.13
0.00
0.00
Change In Other Current Liabilities
0.00
0.00
0.00
0.00
Financing Cash Flow
-174.98
-164.08%
273.06
-31.33%
397.65
-7.94%
431.93
Net Issuance Payments Of Debt
-1.39
-100.85%
163.05
-33.83%
246.43
-16.58%
295.40
Issuance Of Debt
918.07
+3.84%
884.15
+9.03%
810.90
+6.39%
762.20
Repayment Of Debt
-919.46
-27.51%
-721.10
-27.75%
-564.47
-20.92%
-466.80
Long Term Debt Issuance
918.07
+3.84%
884.15
+9.03%
810.90
+6.39%
762.20
Long Term Debt Payments
-919.46
-27.51%
-721.10
-27.75%
-564.47
-20.92%
-466.80
Net Long Term Debt Issuance
-1.39
-100.85%
163.05
-33.83%
246.43
-16.58%
295.40
Net Common Stock Issuance
-65.75
-131.59%
208.13
-4.92%
218.90
+25.38%
174.59
Common Stock Payments
-65.75
-96.09%
-33.53
0.00
0.00
Common Stock Dividend Paid
-102.25
-7.37%
-95.23
-50.70%
-63.19
-82.33%
-34.66
Cash Dividends Paid
-102.25
-7.37%
-95.23
-50.70%
-63.19
-82.33%
-34.66
Repurchase Of Capital Stock
-65.75
-96.09%
-33.53
0.00
0.00
Net Other Financing Charges
0.00
0.00
0.00
0.00
Changes In Cash
19.18
+179.44%
-24.14
-185.83%
28.12
+588.66%
4.08
Beginning Cash Position
43.30
-35.79%
67.44
+71.53%
39.32
+11.59%
35.24
End Cash Position
62.48
+44.28%
43.30
-35.79%
67.44
+71.53%
39.32
Free Cash Flow
194.16
+165.33%
-297.20
+19.57%
-369.52
+13.63%
-427.84
Common Stock Issuance
0.00
-100.00%
241.66
+10.40%
218.90
+25.38%
174.59
Interest Paid CFO
—
—
-3.27
-314.20%
-0.79
Issuance Of Capital Stock
0.00
-100.00%
241.66
+10.40%
218.90
+25.38%
174.59
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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