Nuveen Churchill Direct Lending Corp.
Nuveen Churchill Direct Lending Corp.
Your view on NCDL
Overview
What the company does, where it operates, and who runs it.
About Nuveen Churchill Direct Lending Corp.
- Industry
- Asset Management
- Sector
- Financial Services
- CEO
- Kenneth John Kencel
- Headquarters
- US
- Industry
- Asset Management
- Sector
- Financial Services
- CEO
- Kenneth John Kencel
- Headquarters
- US
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).
Media
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Stock Data
Price chart, volume, and trading data.
Fair Value
What FRC thinks it is worth vs. the current price.
FRC's fair value estimate for Nuveen Churchill Direct Lending Corp., and the rating behind it. NCDL last traded at $12.15, 12.7× trailing earnings — the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.
Financial Ratios
Profitability, returns, valuation, and leverage ratios.
Valuation, profitability, liquidity and leverage ratios for Nuveen Churchill Direct Lending Corp.. Starting points for Nuveen Churchill Direct Lending Corp.: P/E 12.7, EPS $0.95, beta 0.62 — an Asset Management name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.
Dividend Analysis
Yield, payout ratio, and dividend coverage metrics.
Dividend history, yield and payout sustainability for Nuveen Churchill Direct Lending Corp.. Nuveen Churchill Direct Lending Corp. paid $1.68 per share over the last year — a 13.8% yield at the current $12.15 price. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.
Earnings Analysis
EPS history, beat rate, and upcoming earnings reports.
Reported vs. expected earnings history for Nuveen Churchill Direct Lending Corp.. Trailing twelve-month EPS for Nuveen Churchill Direct Lending Corp. stands at $0.95. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.
Financial Statements
Income statement, balance sheet, and cash flow statements.
Income statement, balance sheet and cash flow history for Nuveen Churchill Direct Lending Corp.. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.
Comparables
List of peer companies in the same industry.
Nuveen Churchill Direct Lending Corp. valued side by side against its closest peers. Nuveen Churchill Direct Lending Corp. is measured against Asset Management peers within the Financial Services sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.
Institutional Ownership
PremiumWhich funds and firms own the stock.
Which institutions hold Nuveen Churchill Direct Lending Corp., and how their positions are changing. At a $600.1M market value, institutional positions materially move Nuveen Churchill Direct Lending Corp.'s register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.
Insider Trading
PremiumRecent buying and selling by company executives.
Buying and selling by Nuveen Churchill Direct Lending Corp. executives and directors. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.
Senate Trading
PremiumU.S. Senator disclosures filed under the STOCK Act.
U.S. Senate disclosures naming Nuveen Churchill Direct Lending Corp.. Nuveen Churchill Direct Lending Corp. is a $600.1M Financial Services company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.
House Trading
PremiumU.S. Representative disclosures filed under the STOCK Act.
U.S. House of Representatives disclosures naming Nuveen Churchill Direct Lending Corp.. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.
News
Latest headlines and market coverage.
Latest headlines and company announcements for Nuveen Churchill Direct Lending Corp.. Coverage tracks Nuveen Churchill Direct Lending Corp. within Asset Management (Financial Services). Press releases and market coverage, newest first.