Nuveen Churchill Direct Lending Corp. ( (NCDL) ) has shared an announcement.
Nuveen Churchill Direct Lending Corp. reported its financial results for the first quarter of 2025, with a net investment income of $0.53 per share and a net asset value per share of $17.96. The company declared a second quarter distribution of $0.45 per share and highlighted a diversified portfolio with a low percentage of non-accrual investments. During the first quarter, the company optimized its balance sheet by issuing $300 million in unsecured notes and refinancing a CLO, reducing borrowing costs. The company’s investment income increased due to higher investment activity, although expenses rose due to increased interest and management fees.
Spark’s Take on NCDL Stock
According to Spark, TipRanks’ AI Analyst, NCDL is a Outperform.
Nuveen Churchill Direct Lending Corp. demonstrates strong financial growth and profitability, supported by a robust balance sheet. The technical indicators suggest potential for price improvement, while the valuation is attractive, particularly for dividend-focused investors. The positive earnings call further underscores the company’s solid performance and strategic positioning, mitigating some liquidity concerns due to negative cash flow.
To see Spark’s full report on NCDL stock, click here.
More about Nuveen Churchill Direct Lending Corp.
Nuveen Churchill Direct Lending Corp. (NCDL) is a specialty finance company that focuses on investing in senior secured loans for private equity-owned U.S. middle market companies. It is regulated as a business development company and is managed by Churchill DLC Advisor LLC and Churchill Asset Management LLC, which are affiliates of Nuveen, LLC, the investment management division of TIAA.
Average Trading Volume: 282,948
Technical Sentiment Signal: Sell
Current Market Cap: $806.7M
For a thorough assessment of NCDL stock, go to TipRanks’ Stock Analysis page.