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 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
1,550% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 2
620% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 5
60% more funds holding
Funds holding: 50 [Q3] → 80 (+30) [Q4]
25% more capital invested
Capital invested by funds: $215M [Q3] → $268M (+$53.6M) [Q4]
6.86% more ownership
Funds ownership: 22.45% [Q3] → 29.31% (+6.86%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for NCDL.
Financial journalist opinion
Based on 7 articles about NCDL published over the past 30 days
Negative
Seeking Alpha
20 hours ago
Nuveen Churchill Direct Lending: The Market Has Started To Recognize Value, Here Is How To Play It
My thesis on Nuveen Churchill Direct Lending has started to play out nicely. NCDL has managed to register a decent alpha right in the moment when the BDC has been subject to elevated volatility. Considering the Q4 2024 report and the current BDC market environment, I remain long on NCDL. Yet, the long-term return prospects have weakened a bit.
Negative
Seeking Alpha
2 days ago
The Moment Of Truth For BDC Dividend Investors Is Close
As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are.
Neutral
Seeking Alpha
1 week ago
Nuveen Churchill Direct Lending Corp. (NCDL) Q4 2024 Earnings Call Transcript
Nuveen Churchill Direct Lending Corp. (NYSE:NCDL ) Q4 2024 Results Conference Call February 27, 2025 11:00 AM ET Company Participants Robert Paun - Head-Investor Relations Ken Kencel - Chairman, President and Chief Executive Officer Shai Vichness - Chief Financial Officer Conference Call Participants Doug Harter - UBS Mark Hughes - Truist Securities Operator Welcome to Nuveen Churchill Direct Lending Corp. Fourth Quarter and Full Year 2024 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded for replay purposes.
Negative
Zacks Investment Research
2 weeks ago
Nuveen Churchill Direct Lending Corp. (NCDL) Q4 Earnings and Revenues Miss Estimates
Nuveen Churchill Direct Lending Corp. (NCDL) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.66 per share a year ago.
Neutral
Business Wire
2 weeks ago
Nuveen Churchill Direct Lending Corp. Announces Full Year and Fourth 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 Advisor LLC (the “Adviser”), and by its sub-adviser, Churchill Asset Management LLC (“Churchill”), today reported financial results for the full year and fourth quarter ended December 31, 2024. Financial Highlights for the Quarter Ended December 31, 2024 Net investment income of $0.56 per share Net rea.
Positive
Seeking Alpha
2 weeks ago
My BDC Portfolio To Beat The Index And Generate Durable Income
In this article I have elaborated on my actual BDC portfolio. The objective of this portfolio is to beat the BDC-specific indices/ETFs and capture durable base dividends. The portfolio is optimized across leverage, dividend coverage, yield, and valuation levers.
Neutral
Seeking Alpha
2 weeks ago
BDC Weekly Review: Few Worries About MSDL Share Cap Raise
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 saw a strong 2% gain, driven by solid earnings and hot inflation numbers, with CGBD underperforming due to a BOA rating cut. Morgan Stanley Direct Lending Fund seeks shareholder approval to increase shares significantly, a common practice among BDCs with minimal dilution concerns.
Positive
Seeking Alpha
1 month ago
BDC Weekly Review: 2 Positives In NCDL Bond Issuance
We take a look at the action in business development companies through the fourth week of January and highlight some of the key themes we are watching. BDCs had a strong week with a 1.5% total return, led by TCPC and GSBD, while OBDC faced pressure from merger-related gains. Nuveen Churchill Direct Lending issued a $300m bond, likely to reduce interest expenses and increase leverage, signaling management's confidence in the portfolio.
Positive
Seeking Alpha
1 month ago
BDC Weekly Review: OBDC Consummates Merger, Delivering Alpha To OBDE Holders
We take a look at the action in business development companies through the third week of January and highlight some of the key themes we are watching. BDCs had a strong week with a 3% total return, boosted this year by the unwinding of several Fed rate cuts. Blue Owl Capital Corp's merger with OBDE provided significant alpha opportunities due to OBDE's lower valuation.
Neutral
Business Wire
1 month ago
Nuveen Churchill Direct Lending Corp. Announces Closing of Public Offering of $300 Million 6.650% Notes Due 2030
NEW YORK--(BUSINESS WIRE)--Nuveen Churchill Direct Lending Corp. (the “Company,” “we,” “us,” or “our”) (NYSE: NCDL) today announced that it has closed a public offering of $300.0 million aggregate principal amount of 6.650% unsecured notes due 2030 (the “Notes”), which resulted in net proceeds to the Company of approximately $296.0 million, after deducting the underwriting discount and the estimated offering expenses payable by the Company. The Notes bear interest at a rate of 6.650% per year p.
Charts implemented using Lightweight Charts™