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Upturn AI SWOT - About
Nuveen Churchill Direct Lending Corp. (NCDL)
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Upturn Advisory Summary
06/30/2025: NCDL (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 $16.67
1 Year Target Price $16.67
| 2 | Strong Buy |
| 1 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -9.36% | Avg. Invested days 42 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/30/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 814.06M USD | Price to earnings Ratio 8.66 | 1Y Target Price 16.67 |
Price to earnings Ratio 8.66 | 1Y Target Price 16.67 | ||
Volume (30-day avg) 6 | Beta - | 52 Weeks Range 13.82 - 17.06 | Updated Date 07/1/2025 |
52 Weeks Range 13.82 - 17.06 | Updated Date 07/1/2025 | ||
Dividends yield (FY) 11.12% | Basic EPS (TTM) 1.87 |
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 8.66 | Forward PE 8.34 | Enterprise Value - | Price to Sales(TTM) 8.83 |
Enterprise Value - | Price to Sales(TTM) 8.83 | ||
Enterprise Value to Revenue 20.35 | Enterprise Value to EBITDA - | Shares Outstanding 50281400 | Shares Floating - |
Shares Outstanding 50281400 | Shares Floating - | ||
Percent Insiders 8.67 | Percent Institutions 29.36 |
Analyst Ratings
Rating 2 | Target Price 16.67 | Buy 1 | Strong Buy 2 |
Buy 1 | Strong Buy 2 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
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. It began operating on [Insert start of operations] under the Nuveen brand after Churchill Asset Management was acquired by Nuveen.
Core Business Areas
- Direct Lending: NCDL's core business is direct lending to middle-market companies. They provide senior secured loans, including first lien, unitranche, and second lien debt.
Leadership and Structure
Details on the current leadership and organizational structure of NCDL are not readily and publicly available. It's managed by Nuveen Alternatives Advisors LLC and sub-advised by Churchill Asset Management LLC.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: NCDL's primary product is providing senior secured loans to middle-market companies. Market share data is not readily available at a granular level for this specific product category by this specific firm, but they compete within the broader direct lending market.
Market Dynamics
Industry Overview
The direct lending market is characterized by lending to middle-market companies, typically with revenues between $10 million and $1 billion. It provides an alternative to traditional bank financing and is experiencing growth due to increased private equity activity.
Positioning
NCDL is positioned as a provider of capital to middle-market companies, leveraging the expertise of Churchill Asset Management within the Nuveen platform. Their competitive advantage lies in their experience and established relationships with private equity sponsors.
Total Addressable Market (TAM)
The TAM for direct lending to middle-market companies is estimated to be in the hundreds of billions of dollars annually. NCDL's position relative to this TAM is that of a smaller player among a field of much larger Direct Lending providers.
Upturn SWOT Analysis
Strengths
- Experienced management team at Churchill Asset Management
- Access to Nuveen's distribution network
- Focus on senior secured loans
- Established relationships with private equity firms
Weaknesses
- Relatively small size compared to larger direct lending firms
- High concentration in senior secured loans (reduces diversity)
- Dependence on macroeconomic conditions
- Lack of transparency
Opportunities
- Growth in the private equity market
- Increased demand for alternative financing
- Expansion into new sectors within middle market
- Further diversify across more industries
Threats
- Economic downturn leading to increased defaults
- Increased competition from other direct lenders
- Changes in regulations impacting lending
- Changes in interest rates
Competitors and Market Share
Key Competitors
- BXSL
- ARCC
- TCPC
- OCSL
- GHLD
Competitive Landscape
NCDL competes with larger, more established direct lending firms. Its competitive advantage lies primarily within Churchill's middle market expertise and Nuveen's broader distribution network. A disadvantage is that NCDL is small compared to the overall TAM.
Growth Trajectory and Initiatives
Historical Growth: Historical growth data requires reviewing past reports.
Future Projections: Future growth projections would require analyst estimates, which are not typically available for closed-end funds to the same extent as publicly traded operating companies.
Recent Initiatives: Recent initiatives would be detailed in company press releases or SEC filings.
Summary
Nuveen Churchill Direct Lending Corp. is a direct lending platform leveraging Churchill's experience within the Nuveen ecosystem. The company focuses on senior secured loans to middle-market companies. Strengths include access to Nuveen's resources and Churchill's expertise. Weaknesses include its smaller size compared to larger competitors, and possible macroeconomic events. NCDL must be vigilant of economic downturns.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Website
- Industry Reports
Disclaimers:
Data and analysis are based on available information and may not be entirely complete. Market share estimates are approximate. The AI-based rating is for informational purposes only and should not be considered financial advice.
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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