NCDL — Nuveen Churchill Direct Lending Corp.
NYSE · Financial Services · Asset Management
$12.56
+$0.02 (+0.16%)
Nuveen Churchill Direct Lending Corp. (NCDL) is a asset management company listed on NYSE. It is led by Kenneth John Kencel J.D., based in 375 Park Avenue, New York, NY, United States, 10152. 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").
Net income was $18.7M. NCDL currently screens at market cap $837.2M and trailing P/E 8.9.
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About Nuveen Churchill Direct Lending Corp.
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").
NCDL Key Statistics
Market Cap
$837.19M
Volume
7,055
Previous Close
$12.32
Day Range
$12.33 – $12.42
P/E Ratio
8.90
EPS
$2.26
Revenue
$0.00
Net Income
$116.32M
Gross Profit
$0.00
Free Cash Flow
$0.00
Dividend Yield
11.12%
NCDL Financials
Annual income statement in USD. Latest reported periods first.
| Line | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 |
| Cost of Revenue | $0.00 | $0.00 | $0.00 | $0.00 |
| Gross Profit | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | $116.32M | $75.94M | $17.29M | $27.27M |
| EPS (Diluted) | $2.26 | $2.52 | $1.95 | $1.58 |
Total Assets
$2.14B
Total Debt
$0.00
Shareholders' Equity
$0.00
Cash & Equivalents
$2.41M
Operating Cash Flow
-$297.20M
Free Cash Flow
$0.00
Nuveen Churchill Direct Lending Corp. Company Information
- CEO, President & Chairman
- Kenneth John Kencel J.D.
- Headquarters
- 375 Park Avenue, New York, NY, United States, 10152
- Phone
- 212 478 9200
- IPO / Founded
- 2024-01-25
- Sector
- Financial Services
- Industry
- Asset Management