Nuveen Churchill Direct Lending Corp. (NCDL) came out with quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.56 per share a year ago.
We take a look at the BDC Nuveen Churchill Direct Lending Q4 results. NCDL trades at a 13.1% dividend yield and a 7% discount to book. The company's portfolio focuses on the tech and healthcare sectors, with an above-average first-lien portfolio and strong diversification across 202 positions.
My thesis on Nuveen Churchill Direct Lending has started to play out nicely. NCDL has managed to register a decent alpha right in the moment when the BDC has been subject to elevated volatility. Considering the Q4 2024 report and the current BDC market environment, I remain long on NCDL. Yet, the long-term return prospects have weakened a bit.
Nuveen Churchill Direct Lending Corp. (NYSE:NCDL ) Q4 2024 Results Conference Call February 27, 2025 11:00 AM ET Company Participants Robert Paun - Head-Investor Relations Ken Kencel - Chairman, President and Chief Executive Officer Shai Vichness - Chief Financial Officer Conference Call Participants Doug Harter - UBS Mark Hughes - Truist Securities Operator Welcome to Nuveen Churchill Direct Lending Corp. Fourth Quarter and Full Year 2024 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded for replay purposes.
Nuveen Churchill Direct Lending Corp. (NCDL) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.66 per share a year ago.
We take a look at the BDC Nuveen Churchill Direct Lending (NCDL) Q3 results. NCDL trades at a 13.1% dividend yield and a 7% discount to book. The company's portfolio focuses on the tech and healthcare sectors, with an above-average first-lien portfolio and strong diversification across 202 positions.
Nuveen Churchill Direct Lending Corp. (NYSE:NCDL ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Robert Paun – Head-Investor Relations Ken Kencel – Chairman, President and Chief Executive Officer Shai Vichness – Chief Financial Officer Conference Call Participants Brian Mckenna – Citizens Maxwell Fritscher – Truist Derek Hewett – Bank of America Paul Johnson – KBW Operator Welcome to Nuveen Churchill Direct Lending Corp.'s Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
NCDL is a relatively new BDC with an IPO date in January this year. In my previous piece that was issued back in May, I outlined several areas of concern that lead to a neutral stance. However, seeing the Q2, 2024 data and putting all of the critical pieces together, I have decided to upgrade it from hold to buy.
Nuveen Churchill Direct Lending Corp. (NYSE:NCDL ) Q2 2024 Earnings Conference Call August 7, 2024 11:00 AM ET Company Participants Alona Gornick - Senior Investment Strategist Kenneth Kencel - Chairman, President and CEO Shai Vichness - Chief Financial Officer and Treasurer Conference Call Participants Brian McKenna - JMP Securities Douglas Harter - UBS Mark Hughes - Truist Securities Operator Welcome to the Nuveen Churchill Direct Lending Corp. Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.