Nuveen Churchill Direct Lending Corp. (NCDL)
Market Cap | 945.57M |
Revenue (ttm) | n/a |
Net Income (ttm) | n/a |
Shares Out | 54.82M |
EPS (ttm) | n/a |
PE Ratio | n/a |
Forward PE | 8.07 |
Dividend | $0.90 (5.20%) |
Ex-Dividend Date | Feb 12, 2025 |
Volume | 84,515 |
Open | 17.40 |
Previous Close | 17.39 |
Day's Range | 17.25 - 17.40 |
52-Week Range | 16.00 - 18.10 |
Beta | n/a |
Analysts | Buy |
Price Target | 18.33 (+6.26%) |
Earnings Date | Nov 7, 2024 |
About NCDL
Nuveen Churchill Direct Lending Corp. (the “Company”) is a 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’... [Read more]
Financial Performance
In 2023, NCDL's revenue was $161.76 million, an increase of 96.18% compared to the previous year's $82.45 million. Earnings were $75.94 million, an increase of 339.30%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for NCDL stock is "Buy." The 12-month stock price forecast is $18.33, which is an increase of 6.26% from the latest price.
News
Distribution/Dividend Coverage: Why It's Important And What Investors Need To Know
"Distribution Coverage" sounds very important and critical. So what is it? It involves identifying the cash flow sources of distributions from different types of closed-end funds, and how stable and p...
Nuveen Churchill Direct Lending: The Market Is Sleeping On This BDC
NCDL is a business development company, offering high income potential for its shareholders. Its portfolio is defensively structured with a high degree of diversification, first-lien exposure, and low...
NCDL: Excellent Performance, Supported By IPO-Related Fee Waivers
We take a look at the BDC Nuveen Churchill Direct Lending (NCDL) Q3 results. NCDL trades at a 13.1% dividend yield and a 7% discount to book. The company's portfolio focuses on the tech and healthcare...
Nuveen Churchill Direct Lending Corp. (NCDL) Q3 2024 Earnings Call Transcript
Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Robert Paun – Head-Investor Relations Ken Kencel – Chairman, Presi...
Nuveen Churchill Direct Lending Corp. Announces Third Quarter 2024 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 Advi...
BDC Weekly Review: PSEC Doubles Down On Its Strategy
We take a look at the action in business development companies through the fourth week of October and highlight some of the key themes we are watching. BDCs underperformed this week but still outpaced...
BDC Weekly Review: PIK Is At Record High
We take a look at the action in business development companies through the third week of October and highlight some of the key themes we are watching. BDCs had a strong week, rising over 1%, supported...
Nuveen Churchill Direct Lending Corp. Schedules Third Quarter 2024 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 third quarter ended September 30, ...
Buy These ‘Private Equity' Plays For 10.5% Yields
Let's talk about a “rich guy loophole” that you and I can take advantage of—and bank dividends up to 12.5%.
Gauging Distribution Winners And Losers In The Next Rate Cycle
The Fed is expected to lower short-term rates soon, impacting distributions for investment vehicles like CEFs and BDCs. Investors should focus on both distribution paths and valuations of CEFs, as val...
NCDL: The Data Is Too Good To Maintain Hold (Rating Upgrade)
NCDL is a relatively new BDC with an IPO date in January this year. In my previous piece that was issued back in May, I outlined several areas of concern that lead to a neutral stance. However, seeing...
BDC Weekly Review: PSEC Gets Bad Press
We take a look at the action in business development companies through the third week of August and highlight some of the key themes we are watching. BDCs delivered a 2% total return on the week, star...
Why We Are Adding BDCs To Our Income Portfolios Right Now
Over the last couple of weeks we added a number of new BDC positions to our Income Portfolios despite a fairly expensive credit market backdrop. We discuss the reasons behind this and where we see val...
NCDL: Initiating Coverage And Adding A Position In This 13% Yielding BDC
We initiate coverage of business development company Nuveen Churchill Direct Lending Corp. It trades at a 13% dividend yield. Portfolio quality has remained stable, with low non-accruals and a focus o...
Nuveen Churchill Direct Lending Corp. (NCDL) Q2 2024 Earnings Call Transcript
Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Q2 2024 Earnings Conference Call August 7, 2024 11:00 AM ET Company Participants Alona Gornick - Senior Investment Strategist Kenneth Kencel - Chairm...
Nuveen Churchill Direct Lending Corp. Announces Second Quarter 2024 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 Advi...
Nuveen Churchill Direct Lending Corp. Schedules Second Quarter 2024 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 second quarter ended June 30, 2024...
NCDL: Too Many Uncertainties To Go Long
Nuveen Churchill Direct Lending Corporation is a BDC that went public this year, but so far, has underperformed the BDC index. By looking at the underlying financials, we will recognize a sufficient b...
Nuveen Churchill Direct Lending Corp. (NCDL) Q1 2024 Earnings Call Transcript
Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Q1 2024 Earnings Conference Call May 9, 2024 11:00 AM ET Company Participants Alona Gornick - Senior Investment Strategist Ken Kencel - Chairman, Pre...
Nuveen Churchill Direct Lending Corp. Announces First Quarter 2024 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 Advi...
Nuveen Churchill Direct Lending Corp. Schedules First Quarter 2024 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, 2024...
With NCDL, Nuveen-Churchill Offers Their First BDC
Nuveen Churchill Direct Lending Corporation is a new business development company that focuses on investing in senior secured loans to middle market companies. NCDL takes on more risk by investing in ...
Nuveen Churchill Direct Lending Corp. (NCDL) Q4 2023 Earnings Call Transcript
Nuveen Churchill Direct Lending Corp. (NCDL) Q4 2023 Earnings Call Transcript
Nuveen Churchill Direct Lending Corp. Announces Fourth Quarter and Full Year 2023 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 Advi...
BDC Weekly Review: New BDCs Coming To Market
We take a look at the action in business development companies through the second week of February and highlight some of the key themes we are watching. BDCs were down around 1% with PSEC leading the ...