NCDL
Nuveen Churchill Direct Lending Corp.
NYSEUSDEQUITY
Financial Services
DELAYED
Sell
-49/100
Last price
10.90
▼ 0.04 (0.37%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
10.94
Prev close
10.94
Day high
11.03
Day low
10.83
Volume
239.11K
Market cap
$538.32M
P/E (TTM)
11.47
52W range
10.83 – 15.07
Day trading desk
Gap from prior close
0.00%
Prior close 10.94
VWAP
10.90
+0.02% from price
Relative volume
2.59×
Unusually busy
Session range
1.80%
10.83 – 11.02
Position in range
36%
Mid range
ATR (14D)
0.29
2.62% of price
Prior day high
11.19
PDH
Prior day low
10.93
PDL
Bid / ask spread
—
Quote not published
Session volume
492.89K
Avg 190.22K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-6.68%
-8.6%
1M
-12.94%
-14.1%
3M
-14.04%
-18.6%
6M
-17.11%
-35.3%
YTD
-18.29%
-32.5%
1Y
-22.31%
-38.7%
3Y
—
-82.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
10 more panels on NCDL open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
0
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 14, 26 | VICHNESS SHAUL Chief Financial Officer |
BUY | 5.00K | $61.25K | Indirect |
| May 15, 26 | MCCALLY JOHN Officer |
BUY | 7.50K | $99.53K | Direct |
| May 14, 26 | VICHNESS SHAUL Chief Financial Officer |
BUY | 5.00K | $66.00K | Indirect |
| May 12, 26 | HASSEN MARISSA Officer |
BUY | 3.78K | $49.96K | Direct |
| Mar 12, 26 | VICHNESS SHAUL Chief Financial Officer |
BUY | 5.00K | $65.65K | Indirect |
| Mar 10, 26 | RITCHIE JAMES JOSEPH Director |
BUY | 17.86K | $244.82K | Indirect |
| Mar 6, 26 | LINETT MAT Managing Director |
BUY | 2.00K | $26.10K | Direct |
| Mar 5, 26 | MCCALLY JOHN Officer |
BUY | 2.00K | $26.59K | Direct |
| Mar 4, 26 | STRIFE JASON Divisional Officer |
BUY | 7.69K | $103.05K | Indirect |
| Mar 3, 26 | KENCEL KENNETH J Chief Executive Officer |
BUY | 10.00K | $130.38K | Indirect |
| Mar 3, 26 | MIRANDA KENNETH M. Director |
BUY | 3.00K | $38.49K | Indirect |
| Nov 19, 25 | MIRANDA KENNETH M. Director |
BUY | 2.00K | $28.20K | Indirect |
| Nov 17, 25 | VICHNESS SHAUL Chief Financial Officer |
BUY | 5.00K | $71.00K | Indirect |
| Nov 6, 25 | KENCEL KENNETH J Chief Executive Officer |
BUY | 20.00K | $284.40K | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
HASSEN MARISSA |
Officer | 9.78K | Purchase |
KENCEL KENNETH J |
Chief Executive Officer | — | Purchase |
LINETT MAT |
Managing Director | 10.37K | Purchase |
MCCALLY JOHN |
Officer | 15.24K | Purchase |
MIRANDA KENNETH M. |
Director | — | Purchase |
RITCHIE JAMES JOSEPH |
Director | — | Purchase |
STRIFE JASON |
Divisional Officer | — | Purchase |
VICHNESS SHAUL |
Chief Financial Officer | — | Purchase |
Fundamentals
Market cap$538.32M
Enterprise value—
Revenue (TTM)—
Gross profit—
EBITDA—
Net income—
EPS (TTM)$0.95
Free cash flow—
Total cash—
Total debt—
Book value / share—
Shares outstanding49.39M
Float—
Short % of float1.39%
Dividend yield13.94%
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E11.47
Forward P/E7.10
PEG ratio—
Price / sales—
Price / book—
EV / revenue—
EV / EBITDA—
Gross margin0.00%
Operating margin0.00%
Profit margin0.00%
Return on equity—
Return on assets—
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $76.61M | $111.42M | $86.03M | $23.39M | -31.2% |
| Operating revenue | $76.61M | $111.42M | $86.03M | $23.39M | -31.2% |
| Selling, general & admin | $8.23M | $6.54M | $6.19M | $3.99M | +25.9% |
| Total operating expense | $10.85M | -$5.05M | $9.26M | $6.08M | +314.7% |
| Pre-tax income | $65.76M | $116.48M | $76.77M | $17.31M | -43.5% |
| Tax provision | $149.00K | $154.00K | $830.00K | $24.00K | -3.2% |
| Net income | $65.61M | $116.32M | $75.94M | $17.29M | -43.6% |
| Net income to common | $65.61M | $116.32M | $75.94M | $17.29M | -43.6% |
| Basic EPS | 1.30 | 2.15 | 1.39 | 0.32 | -39.5% |
| Diluted EPS | 1.30 | 2.15 | 1.39 | 0.32 | -39.5% |
| Basic shares | 50.29M | 54.12M | 54.82M | 54.82M | -7.1% |
| Diluted shares | 50.29M | 54.12M | 54.82M | 54.82M | -7.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $62.48M | $43.25M | $67.39M | $39.27M | +44.5% |
| Total assets | $2.05B | $2.14B | $1.73B | $1.25B | -4.2% |
| Total debt | $1.12B | $1.11B | $943.94M | $699.77M | +0.6% |
| Total liabilities | $1.18B | $1.17B | $982.98M | $729.00M | +0.5% |
| Retained earnings | -$55.71M | -$26.50M | -$29.25M | -$23.93M | -110.2% |
| Shareholder equity | $875.18M | $970.32M | $747.88M | $524.96M | -9.8% |
| Net tangible assets | $875.18M | $970.32M | $747.88M | $524.96M | -9.8% |
| Shares issued | 49.39M | 53.39M | 54.82M | 54.82M | -7.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $65.61M | $116.32M | $75.94M | $17.29M | -43.6% |
| Change in working capital | $10.80M | $22.01M | -$6.35M | -$19.09M | -50.9% |
| Operating cash flow | $194.16M | -$297.20M | -$369.52M | -$427.84M | +165.3% |
| Share buybacks | -$65.75M | -$33.53M | $0 | $0 | -96.1% |
| Dividends paid | -$102.25M | -$95.23M | -$63.19M | -$34.66M | -7.4% |
| Financing cash flow | -$174.98M | $273.06M | $397.65M | $431.93M | -164.1% |
| Free cash flow | $194.16M | -$297.20M | -$369.52M | -$427.84M | +165.3% |
| End cash position | $62.48M | $43.30M | $67.44M | $39.32M | +44.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $5.67M | $12.53M | $19.65M | $21.58M | $18.88M | -54.7% |
| Operating revenue | $5.67M | $12.53M | $19.65M | $21.58M | $18.88M | -54.7% |
| Selling, general & admin | $1.97M | $1.99M | $2.40M | $2.09M | $2.17M | -1.3% |
| Total operating expense | $2.75M | $3.58M | $3.46M | $2.92M | $2.96M | -23.1% |
| Pre-tax income | $2.91M | $8.94M | $16.20M | $18.66M | $15.92M | -67.4% |
| Tax provision | -$680.00K | $255.00K | $276.00K | $4.00K | -$92.00K | -366.7% |
| Net income | $3.59M | $8.69M | $15.92M | $18.66M | $16.02M | -58.6% |
| Net income to common | $3.59M | $8.69M | $15.92M | $18.66M | $16.02M | -58.6% |
| Basic EPS | 0.07 | 0.18 | 0.32 | 0.38 | 0.32 | -61.1% |
| Diluted EPS | 0.07 | 0.18 | 0.32 | 0.38 | 0.32 | -61.1% |
| Basic shares | 49.39M | 49.39M | 49.39M | 49.40M | 50.18M | 0.0% |
| Diluted shares | 49.39M | 49.39M | 49.39M | 49.40M | 50.18M | 0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $45.76M | $50.40M | $62.48M | $46.33M | $44.01M | -9.2% |
| Total assets | $1.99B | $2.05B | $2.05B | $2.04B | $2.07B | -3.0% |
| Total debt | $1.09B | $1.14B | $1.12B | $1.11B | $1.11B | -4.3% |
| Total liabilities | $1.14B | $1.18B | $1.18B | $1.16B | $1.19B | -3.8% |
| Retained earnings | -$81.92M | -$66.78M | -$55.71M | -$49.59M | -$46.02M | -22.7% |
| Shareholder equity | $848.97M | $864.11M | $875.18M | $881.49M | $887.74M | -1.8% |
| Net tangible assets | $848.97M | $864.11M | $875.18M | $881.49M | $887.74M | -1.8% |
| Shares issued | 49.39M | 49.39M | 49.39M | 49.39M | 49.55M | 0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $3.59M | $8.69M | $15.92M | $18.66M | $16.02M | -58.6% |
| Change in working capital | $4.89M | -$15.33M | $11.55M | -$14.89M | $43.71M | +131.9% |
| Operating cash flow | $61.02M | -$13.74M | $28.57M | $37.25M | $137.15M | +544.2% |
| Share buybacks | $0 | $0 | $0 | -$2.69M | -$26.00M | — |
| Dividends paid | -$19.75M | -$22.22M | -$22.22M | -$22.30M | -$28.27M | +11.1% |
| Financing cash flow | -$65.67M | $1.66M | -$12.42M | -$34.93M | -$142.31M | -4,062.9% |
| Free cash flow | $61.02M | -$13.74M | $28.57M | $37.25M | $137.15M | +544.2% |
| End cash position | $45.76M | $50.40M | $62.48M | $46.33M | $44.01M | -9.2% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.39 | 0.41 | +5.1% |
| Mar 2026 | 0.42 | 0.41 | -3.3% |
| Dec 2025 | 0.43 | 0.44 | +3.3% |
| Sep 2025 | 0.45 | 0.43 | -4.5% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.38 | 5 | $43.72M | -14.5% |
| Next quarter | 0.38 | 5 | $43.70M | -12.7% |
| Current year | 1.58 | 5 | $177.98M | -14.4% |
| Next year | 1.54 | 5 | $176.26M | -1.0% |
Analyst targets & ownership
Mean target$13.70
High target$16.00
Low target$12.00
Implied upside25.69%
Analyst count5
ConsensusNONE
Strong buy / Buy0 / 3
Hold1
Sell / Strong sell1 / 0
Held by insiders0.01%
Held by institutions32.11%
Institutions holding79
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
11.38
-4.22% from price
SMA 20
11.76
-7.30% from price
SMA 50
12.17
-10.41% from price
SMA 100
12.44
-12.37% from price
SMA 200
13.02
-16.31% from price
EMA 12
11.41
-4.45% from price
EMA 26
11.76
-7.30% from price
EMA 50
12.06
-9.59% from price
RSI (14)
19.7
Oversold
MACD (12,26,9)
-0.35
Hist -0.10
ATR (14)
0.29
2.62% of price
Realised vol 30D
17.4%
Annualised
Bollinger upper
12.66
20, 2σ
Bollinger lower
10.86
20, 2σ
50 / 200 cross
Death
12.17 vs 13.02
Trend bias
Below 200
-16.31%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.58
Less volatile than market
Correlation to SPY
0.31
Loosely linked
Realised vol 30D
17.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-26.8%
Peak to trough
Max drawdown 5Y
-39.6%
Peak to trough
ATR 14
0.29
2.62% of price
Beta (reported)
—
5Y monthly, from filing
Short interest
Shares short
588.17K
Prior 558.89K
Change vs prior
+5.2%
Shorts adding
% of float
1.39%
Normal
% of shares out
1.19%
Against total outstanding
Days to cover
3.6
Liquid
Float
—
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 1, 26 | UBS | UPGRADE | Neutral | Buy |
| Aug 10, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jun 12, 26 | Wells Fargo | DOWNGRADE | Equal-Weight | Underweight |
| May 18, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Apr 20, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Mar 4, 26 | Truist Securities | MAINTAINED | Buy | Buy |
| Mar 4, 26 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Feb 27, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Nov 5, 25 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Nov 5, 25 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Oct 14, 25 | UBS | MAINTAINED | Neutral | Neutral |
| Jul 16, 25 | UBS | MAINTAINED | Neutral | Neutral |
Dividends & splits
Forward rate$1.52 / yr
Forward yield13.94%
5-year avg yield—
Payout ratio177.40%
Ex-dividend dateSep 30, 2026
Next pay date—
Last split—
Split date—
SEC filings
Periodic Financial Reports
10-Q · 2026-08-06
Corporate Changes & Voting Matters
8-K · 2026-07-10
Post-effective amendment to a registration statement that is not immediately effective upon filing
POS AM · 2026-06-11
Corporate Changes & Voting Matters
8-K · 2026-05-28
Corporate Changes & Voting Matters
8-K · 2026-05-07
Proxy Statements
DEFA14A · 2026-04-09
Proxy Statements
DEF 14A · 2026-04-07
Corporate Changes & Voting Matters
8-K · 2026-03-20
Headlines
Nuveen Churchill’s (NCDL) Payout Cushion Widens Even As Risk Flags Rise
Insider Monkey · 27d ago
UBS Upgrades Nuveen Churchill Direct Lending to Buy From Neutral, Adjusts PT to $13 From $14.75
MT Newswires · 36d ago
Seeking 8%-Plus Dividend Yield? These Analysts Suggest 2 Dividend Stocks to Buy on the Cheap
TipRanks · 42d ago
Nuveen Churchill Direct Lending Q2 Earnings Call Highlights
MarketBeat · 59d ago
Nuveen Churchill Direct Lending Corp (NCDL) (Q2 2026) Earnings Call Highlights: NII Covers ...
GuruFocus.com · 61d ago
Nuveen Churchill Direct Lending Corp. Q2 2026 Earnings Call Summary
Moby · 61d ago
Nuveen Churchill Direct Lending Corp. Announces Second Quarter 2026 Results
Business Wire · 62d ago
Nuveen Churchill Direct Lending Corp. Schedules Second Quarter 2026 Earnings Release and Conference Call
Business Wire · 83d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.