Nuveen Churchill Direct Lending Corp.

Nuveen Churchill Direct Lending Corp.

NCDL · NYSE · Financial Services / Asset Management

11.79USD+0.04 (+0.34%)

Price History

Full chart

Market Stats

Previous Close11.75
Open11.84
Day Range11.65 – 11.84
52-Week Range11.50 – 14.56
Volume135.01K
Market Cap574.87M
P/E (TTM)12.38
Forward P/E8.39
EPS0.94
Dividend Yield12.99%
Beta0.52
50-Day Avg12.32
200-Day Avg13.13

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").

Company Details

Leadership

  • Mr. Kenneth John Kencel J.D.CEO, President & Chairman · b. 1959
  • Mr. William Thomas Huffman CPAChief Executive Officer · b. 1970
  • Mr. Shaul Nmn Vichness C.F.A.CFO & Treasurer · b. 1983
  • Ms. Marissa HassenChief Accounting Officer & Controller · b. 1984
  • Ms. Emily ManuelMD, Investor Relations & Senior Lending
  • Ms. Charmagne Beth KukulkaChief Compliance Officer · b. 1990
  • Ms. Jessica K. TannenbaumMD and Head of Marketing & Communications
  • Ms. Megan VogelDirector of Human Resources
  • Mr. Jason W. StrifeHead of Junior Capital & Private Equity Solutions
  • Mr. Marc Gonyea CFAManaging Director of Business Development

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue4.58M15.89M8.71M39.25M46.81M144.01M186.00M201.84M
Growth (%)-+246.63%-45.17%+350.63%+19.26%+207.61%+29.16%+8.52%
Cost of Revenue502.00K1.96M4.49M9.83M23.42M57.98M74.58M30.54M
Gross Profit4.08M13.93M4.22M29.43M23.39M86.03M111.42M171.31M
Gross Margin89.05%87.67%48.50%74.97%49.96%59.74%59.91%84.87%
Operating Expense998.60K-3.32M2.08M2.16M6.08M9.26M-5.05M27.64M
Operating Income3.08M17.25M2.15M27.27M17.31M76.77M116.48M143.66M
Operating Margin67.26%108.59%24.62%69.46%36.98%53.31%62.62%71.18%
EBITDA4.03M19.11M2.15M27.27M17.31M76.77M116.48M143.66M
EBITDA Margin87.90%120.27%24.62%69.46%36.98%53.31%62.62%71.18%
Net Income1.44M7.29M2.15M27.27M17.29M75.94M116.32M65.61M
Net Income Margin31.31%45.86%24.62%69.46%36.92%52.73%62.54%32.51%
R&D0.310.460.160.730.210.49--
R&D as % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense--4.49M9.83M25.70M61.21M79.88M77.90M
Interest Expense % of Total Revenue--51.50%25.03%54.89%42.50%42.95%38.59%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets86.91M188.37M353.46M820.92M1.25B1.73B2.14B2.05B
Total Liabilities271.94M122.16M195.82M446.87M729.00M982.98M1.17B1.18B
Total Equity164.67M66.21M157.64M374.05M524.96M747.88M970.32M875.18M
Cash2.24M3.42M12.61M35.19M39.27M67.39M43.25M8.55M
Total Debt-118.35M188.28M406.37M699.77M943.94M1.11B1.12B
Net Debt-2.24M114.93M175.67M371.18M660.50M876.54M1.07B1.11B

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow8.27M-1.62M7.52M41.32M25.14M73.05M136.42M194.16M
Investing Cash Flow-162.05M-15.85M-159.25M-429.62M-452.99M-442.57M-433.62M105.46M
Financing Cash Flow156.13M19.17M161.33M411.70M431.93M397.65M273.06M-174.98M
Capital Expenditure00000000
Free Cash Flow8.27M-1.62M7.52M41.32M25.14M73.05M136.42M194.16M
Dividends Paid882.00K5.63M3.28M14.71M34.66M63.19M95.23M102.25M
FCF to OCF100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF10.67%-347.62%43.60%35.61%137.85%86.51%69.81%52.66%

Earnings

Report DateFeb 27, 2024May 9, 2024Aug 7, 2024Nov 7, 2024Feb 27, 2025May 8, 2025Aug 6, 2025Nov 4, 2025Feb 26, 2026May 7, 2026Aug 6, 2026Nov 3, 2026
EPS Estimate0.620.510.580.590.570.560.460.450.430.420.380.37
EPS Actual0.660.560.570.580.560.530.460.430.440.410.41-
Surprise6.45%9.80%-1.72%-1.69%-1.75%-5.36%0.00%-4.44%2.33%-2.38%7.89%-
TimingPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-market-

Key Statistics & Ratios

Market Cap574.87M
Enterprise Value0
Trailing P/E12.38
Forward P/E8.39
Price / Sales9.80
Price / Book0.69
EPS0.94
Revenue (TTM)0
Gross Profit (TTM)0
Profit Margin0.00%
Operating Margin0.00%
Return on Equity0.00%
Return on Assets0.00%
Shares Outstanding49.39M
Shares Float0
Beta0.52
Dividend Yield12.99%
Dividend Rate1.52
Payout Ratio95.27%

Analyst Ratings

Buy
Based on 6 analystsTarget 13.70
  • Strong Buy
    2
  • Buy
    1
  • Hold
    3

Ownership Breakdown

Institutions
32.09%
Insiders
5.29%
Retail / Other
62.62%

Top Institutional Holders

  • Blue Owl Capital Holdings LP
    2.14M4.34%
  • CI Private Wealth LLC
    1.61M3.27%
  • Ares Management LLC
    958.83K1.94%
  • Brown Brothers Harriman & Co
    921.98K1.87%
  • Amvescap Plc.
    893.54K1.81%
  • UBS Group AG
    682.13K1.38%
  • Opal Wealth Advisors, LLC
    634.27K1.28%
  • Diameter Capital Partners LP
    604.64K1.22%
  • Two Sigma Investments LLC
    552.18K1.12%
  • Van Eck Associates Corporation
    513.62K1.04%
  • Hennion & Walsh Asset Management Inc
    442.68K0.90%
  • Callodine Capital Management, LP
    398.40K0.81%
  • Morgan Stanley - Brokerage Accounts
    369.43K0.75%
  • Stifel Financial Corp
    335.75K0.68%
  • Centurion Wealth Management LLC
    312.31K0.63%
  • Wells Fargo & Co
    311.27K0.63%
  • Nuveen, LLC
    226.76K0.46%
  • Bulldog Investors, LLC
    224.82K0.46%

Top Fund Holders

  • Invesco KBW High Dividend Yld Fincl ETF
    864.01K1.75%
  • VanEck BDC Income ETF
    747.38K1.51%

Dividends

20263×
0.38Sep 30, 20260.38Jun 30, 20260.40Mar 31, 2026
20256×
0.45Dec 31, 20250.45Sep 30, 20250.45Aug 25, 20250.45Jun 30, 20250.45Mar 31, 20250.10Feb 12, 2025
20247×
0.45Dec 31, 20240.10Nov 8, 20240.45Sep 30, 20240.10Aug 12, 20240.45Jun 28, 20240.10May 10, 20240.45Mar 27, 2024