Nuveen Churchill Direct Lending (NYSE:NCDL) Raised to Hold at Zacks Research

Posted by Francis Steltz on Jul 23rd, 2026

Nuveen Churchill Direct Lending (NYSE:NCDL – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

NCDL has been the subject of a number of other research reports. Wall Street Zen downgraded shares of Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Wells Fargo & Company downgraded Nuveen Churchill Direct Lending from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $13.00 to $12.00 in a research note on Friday, June 12th. Finally, UBS Group lowered their target price on Nuveen Churchill Direct Lending from $15.50 to $14.75 and set a “neutral” rating for the company in a report on Monday, May 18th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.44.

View Our Latest Stock Analysis on Nuveen Churchill Direct Lending

Nuveen Churchill Direct Lending Price Performance

NCDL stock opened at $12.51 on Tuesday. The firm has a market cap of $617.92 million, a price-to-earnings ratio of 10.43 and a beta of 0.51. Nuveen Churchill Direct Lending has a 1-year low of $11.97 and a 1-year high of $17.11. The firm has a fifty day moving average price of $12.74 and a two-hundred day moving average price of $13.28.

Nuveen Churchill Direct Lending (NYSE:NCDL – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Nuveen Churchill Direct Lending had a return on equity of 9.80% and a net margin of 29.56%.The business had revenue of $17.15 million during the quarter, compared to the consensus estimate of $47.79 million. As a group, analysts expect that Nuveen Churchill Direct Lending will post 1.6 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP John Mccally bought 7,500 shares of Nuveen Churchill Direct Lending stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $13.27 per share, with a total value of $99,525.00. Following the purchase, the vice president directly owned 15,245 shares of the company’s stock, valued at approximately $202,301.15. This trade represents a 96.84% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Treasurer Shaul Vichness bought 5,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $13.20 per share, with a total value of $66,000.00. Following the transaction, the treasurer owned 30,705 shares in the company, valued at $405,306. The trade was a 19.45% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 16,282 shares of company stock valued at $215,485 in the last quarter. Company insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

A number of hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its position in shares of Nuveen Churchill Direct Lending by 190.2% during the third quarter. BNP Paribas Financial Markets now owns 2,400 shares of the company’s stock worth $33,000 after buying an additional 1,573 shares during the period. Advisory Services Network LLC acquired a new stake in Nuveen Churchill Direct Lending in the 3rd quarter valued at approximately $38,000. NewEdge Advisors LLC increased its position in Nuveen Churchill Direct Lending by 33.0% in the 2nd quarter. NewEdge Advisors LLC now owns 4,511 shares of the company’s stock valued at $73,000 after acquiring an additional 1,118 shares during the period. Quadrant Capital Group LLC bought a new stake in Nuveen Churchill Direct Lending during the 3rd quarter valued at $80,000. Finally, State of Wyoming bought a new stake in Nuveen Churchill Direct Lending during the 2nd quarter valued at $108,000.

About Nuveen Churchill Direct Lending

(Get Free Report)

Nuveen Churchill Direct Lending (NYSE:NCDL) is a closed-end management investment company that seeks to provide shareholders with attractive risk-adjusted returns through a diversified portfolio of direct lending instruments. Established in early 2022, NCDL focuses on privately negotiated debt investments in middle-market companies, primarily within the United States. The fund offers investors access to a segment of the credit markets that has historically been less correlated with public debt markets, aiming to capture yield premiums associated with private lending.

The fund’s investment strategy centers on senior secured loans, unitranche financings and selectively structured mezzanine debt.