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Upturn AI SWOT - About
NCDL 
Nuveen Churchill Direct Lending Corp. (NCDL)
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Upturn Advisory Summary
10/15/2025: NCDL (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
6 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $16.58
1 Year Target Price $16.58
| 2 | Strong Buy |
| 1 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -10.13% | Avg. Invested days 47 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/15/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 668.70M USD | Price to earnings Ratio 7.4 | 1Y Target Price 16.58 |
Price to earnings Ratio 7.4 | 1Y Target Price 16.58 | ||
Volume (30-day avg) 6 | Beta - | 52 Weeks Range 13.01 - 16.26 | Updated Date 10/17/2025 |
52 Weeks Range 13.01 - 16.26 | Updated Date 10/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.83 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE 7.4 | Forward PE 8.39 | Enterprise Value - | Price to Sales(TTM) 7.58 |
Enterprise Value - | Price to Sales(TTM) 7.58 | ||
Enterprise Value to Revenue 18.44 | Enterprise Value to EBITDA - | Shares Outstanding 49387065 | Shares Floating - |
Shares Outstanding 49387065 | Shares Floating - | ||
Percent Insiders 8.82 | Percent Institutions 52.86 |
Upturn AI SWOT
Nuveen Churchill Direct Lending Corp.
Company Overview
History and Background
Nuveen Churchill Direct Lending Corp. (NCDL) is a non-diversified, closed-end management investment company that invests primarily in senior secured loans of private middle market companies. While specific founding details are limited in readily available sources, it represents Nuveen's efforts to offer direct lending solutions.
Core Business Areas
- Direct Lending: NCDL focuses on providing direct lending solutions to middle-market companies, primarily through senior secured loans.
- Portfolio Management: Management of a portfolio of direct loans to generate current income and, to a lesser extent, capital appreciation.
Leadership and Structure
Details on specific leadership are not readily available but as a Nuveen fund it operates under the Nuveen asset management structure.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: These loans are typically secured by the assets of the borrower and hold a priority claim in the event of default. Market share data specific to NCDL alone is not publicly available. Competitors include other BDCs and private credit funds.
Market Dynamics
Industry Overview
The direct lending industry involves providing capital to middle-market companies that often have limited access to traditional bank financing. The market is growing, driven by increased demand for alternative financing solutions.
Positioning
NCDL is positioned as a provider of direct lending solutions within the middle-market space, leveraging Nuveen's brand and expertise.
Total Addressable Market (TAM)
The TAM for private credit, including direct lending, is estimated to be in the trillions of dollars. NCDL is positioned to capture a segment of this market by focusing on middle-market companies.
Upturn SWOT Analysis
Strengths
- Part of the Nuveen platform
- Focus on senior secured loans
- Experienced management team (within Nuveen)
- Disciplined underwriting process
Weaknesses
- Limited diversification compared to larger BDCs
- Reliance on middle-market borrowers
- Interest rate risk
- Credit risk
Opportunities
- Growing demand for direct lending
- Expansion into new sectors
- Increased deal flow due to market dislocations
- Potential acquisitions
Threats
- Economic downturn
- Increased competition
- Regulatory changes
- Rising interest rates
Competitors and Market Share
Key Competitors
- ARCC
- MAIN
- TCS
- OCSL
- GSLD
Competitive Landscape
NCDL competes with other BDCs and private credit funds for direct lending opportunities. Its advantages include Nuveen's brand and resources, while disadvantages may include smaller scale and limited diversification.
Growth Trajectory and Initiatives
Historical Growth: Historical growth requires accessing their fillings.
Future Projections: Future projections require accessing analyst reports.
Recent Initiatives: Requires access to the company's news and updates.
Summary
Nuveen Churchill Direct Lending Corp. offers direct lending services focusing on senior secured loans to middle market companies. While specifics require more information, its connection to Nuveen offers some advantages, yet smaller size and risks inherent to middle-market lending require careful risk management. Market competition is strong, but the demand is high. Access to their filings are required to get more accurate information on NCDL and its performance.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Publicly available information, analyst reports, company presentations.
Disclaimers:
This analysis is based on limited publicly available information and is not financial advice. Financial data may require access to filings. Market share estimates are approximations.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Nuveen Churchill Direct Lending Corp.
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2024-01-25 | CEO, President & Chairman Mr. Kenneth John Kencel J.D. | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
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").
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