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Nuveen Churchill Direct Lending Corp. Stock: price and insider trades · United States
1 insider bought €53k of shares over the last 90 days, the latest by Vichness Shaul, filed 15 Sept 2026.
Nuveen Churchill Direct Lending Corp.: what insiders have been doing
This page follows insider dealings at Nuveen Churchill Direct Lending Corp. as filed with SEC (Form 4), a company from the Finance & Banking sector. The last twelve months, up to 23 October 2026, brought 13 filings signed by 7 insiders.
Not one open-market sale was filed. On the buying side, 7 insiders reported 11 purchases totalling €932k. Unlike grants, an open-market purchase is paid for by the insider, at the market price. One trade stands out by size: a purchase of €247k from Kencel Kenneth J., disclosed on 7 November 2025. Among those who bought: 3 senior executives, 1 finance chief and 1 chief executive.
Across the 2,023 companies tracked on its exchange, the median is 41 filings; at 13 filings, this issuer sits below that mark. Since 2020, the database holds 125 purchases and no sales by insiders of the company. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists net income at 65.6 m USD.
The data flag 9 purchases as part of a group of insiders buying within 30 days of each other. Purchases made close together by different insiders form what is called a cluster. The clock since the last published purchase (15 September 2026) now reads 39 days. Filings reach the SEC (Form 4) feed a median of 2 days after the trade. US insiders must file a Form 4 within two business days of a trade.
Elsewhere in the same sector, our signals recently picked up insider purchases at ASR Nederland N.V. and Avarda Bank AB. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
127
Thresholds
n/a
Buy Volume
€65M
125 ops. · all time
Sell Volume
n/a
n/a
Who traded when
BuySaleKenneth J. Kencel8 buys
Shaul Vichness6 buys
Kenneth M. Miranda3 buys
Mat Linett2 buys
James Joseph Ritchie1 buy
Jason Strife1 buy
+2 other insiders
Since the insiders bought
- -14.5%Entry US$12.15 · Close 21 Oct 2026 US$10.39
- -20.9%Entry US$13.13 · Close 21 Oct 2026 US$10.39
- -22.1%Entry US$13.33 · Close 21 Oct 2026 US$10.39
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Nuveen Churchill Direct Lending Corp. Buy (bullish), based on 5 analysts. Average price target: US$13.70.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended December 2025 · cache
US$10.39
Analyst consensus
5 analystsBuy
US$12.00Target US$13.70(+32%)US$16.00
Income statement
RevenueUS$76.6M
Net incomeUS$65.6M85.6% margin
Valuation
PER (trailing)10.9x
PER (forward)6.7x
Balance sheet & cash
Market capUS$513.1M
Total debtUS$1.1B
Free Cash FlowUS$194.2M
Profitability & ownership
% insiders0.0%
% institutions32.1%
Last declaration on 15 September 2026
Declarations127 total
431.156 shares0Common StockSEC:0001225208-26-007833:0
5,000 shares@ US$12.250.012% mcap13.5% of flowCommon StockSEC:0001225208-26-007833:1
Canonical exit: 13 Dec 2026 (T+90)
385.77 shares@ US$14.180.0007% mcap0.8% of flowCommon StockSEC:0001225208-26-005326:0
5,000 shares@ US$13.1310.1% of flowCommon StockSEC:0001225208-26-003590:0
Canonical exit: 10 Jun 2026 (T+90)
17,857 shares@ US$13.7125.3% of flowCommon StockSEC:0001225208-26-003540:0
Canonical exit: 8 Jun 2026 (T+90)
2,000 shares@ US$13.297719.7% of flowCommon StockSEC:0001225208-26-003393:0
Canonical exit: 3 Jun 2026 (T+90)
2,000 shares@ US$13.049525.2% of flowCommon StockSEC:0001225208-26-003392:0
Canonical exit: 4 Jun 2026 (T+90)
7,690 shares@ US$13.4061.4% of flowCommon StockSEC:0001225208-26-003391:0
Canonical exit: 2 Jun 2026 (T+90)
10,000 shares@ US$13.038411.3% of flowCommon StockSEC:0001225208-26-003228:0
Canonical exit: 1 Jun 2026 (T+90)
3,000 shares@ US$12.838.6% of flowCommon StockSEC:0001225208-26-003226:0
Canonical exit: 1 Jun 2026 (T+90)
2,000 shares@ US$14.106.4% of flowCommon StockSEC:0001225208-25-009316:0
Canonical exit: 17 Feb 2026 (T+90)
5,000 shares@ US$14.2010.9% of flowCommon StockSEC:0001225208-25-009259:0
Canonical exit: 15 Feb 2026 (T+90)
20,000 shares@ US$14.2225.1% of flowCommon StockSEC:0001225208-25-009047:0
Canonical exit: 4 Feb 2026 (T+90)
5,000 shares@ US$14.8511.1% of flowCommon StockSEC:0001225208-25-008014:0
Canonical exit: 15 Dec 2025 (T+90)
5,000 shares@ US$16.3012.5% of flowCommon StockSEC:0001225208-25-005980:0
Canonical exit: 14 Sept 2025 (T+90)
4,630 shares@ US$16.18100.0% of flowCommon StockSEC:0001225208-25-005768:0
Canonical exit: 4 Sept 2025 (T+90)
3,000 shares@ US$15.9247.2% of flowCommon StockSEC:0001225208-25-005724:0
Canonical exit: 19 Aug 2025 (T+90)
3,103 shares@ US$15.6811.3% of flowCommon StockSEC:0001225208-25-005476:0
Canonical exit: 21 Aug 2025 (T+90)
8,117 shares@ US$15.349.0% of flowCommon StockSEC:0001225208-25-005004:1
Canonical exit: 10 Aug 2025 (T+90)
8,117 shares@ US$15.337811.4% of flowCommon StockSEC:0001225208-25-005004:0
Canonical exit: 10 Aug 2025 (T+90)
10,000 shares@ US$17.3713.2% of flowCommon StockSEC:0001225208-24-010352:1
Canonical exit: 2 Mar 2025 (T+90)
5,000 shares@ US$17.2714.6% of flowCommon StockSEC:0001225208-24-010466:0
Canonical exit: 3 Mar 2025 (T+90)
10,000 shares@ US$17.368516.7% of flowCommon StockSEC:0001225208-24-010352:0
Canonical exit: 2 Mar 2025 (T+90)
10,000 shares@ US$17.3513.3% of flowCommon StockSEC:0001225208-24-010278:1
Canonical exit: 25 Feb 2025 (T+90)
10,000 shares@ US$17.350316.8% of flowCommon StockSEC:0001225208-24-010278:0
Canonical exit: 25 Feb 2025 (T+90)
25 of 127 declarations
About Nuveen Churchill Direct Lending Corp.
Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) is a U.S.-listed specialty finance company headquartered at 375 Park Avenue in New York, New York, United States. The company is organized as a Maryland corporation and elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. In practical terms, NCDL is a publicly traded vehicle designed to provide investors with income and exposure to private credit, while financing U.S. middle-market companies that are often backed by private equity sponsors. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1737924/000162828025038050/R1.htm?utm_source=openai))
NCDL’s core investment mandate is straightforward: generate attractive risk-adjusted returns and current income by investing primarily in senior secured loans. The portfolio is focused on private equity-owned U.S. middle-market businesses, a segment that typically values speed, certainty of execution, and flexible underwriting. While senior first-lien lending is the centerpiece of the strategy, the company can also hold subordinated debt and a modest amount of equity co-investments when those opportunities fit its risk/return framework. This makes NCDL a targeted credit platform rather than a broad-based lender. ([churchillam.com](https://www.churchillam.com/nuveen-churchill-direct-lending-corp/?utm_source=openai))
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The firm is externally managed by Churchill DLC Advisor LLC and sub-advised by Churchill Asset Management LLC, both affiliates of Nuveen, the investment management arm of TIAA. That relationship is strategically important: it gives NCDL access to Churchill’s sponsor relationships, underwriting capabilities, portfolio monitoring infrastructure, and a wider private capital ecosystem. Churchill has publicly described itself as one of the most active U.S. middle-market direct lenders, and it sits within Nuveen Private Capital, a large private debt platform. For investors, that affiliate support is a key competitive differentiator. ([churchillam.com](https://www.churchillam.com/press-release/nuveen-churchill-direct-lending-corp-prices-initial-public-offering/?utm_source=openai))
From a competitive standpoint, NCDL occupies a niche within the listed credit market. It offers public-market access to private direct lending, but with the transparency, liquidity, and dividend profile of an NYSE-traded stock. Its edge comes from the Churchill origination engine and its focus on sponsor-backed borrowers, which tends to support deal flow and portfolio diversification across industries. Recent company materials indicate that the portfolio is heavily weighted toward first-lien debt and is broadly diversified, reinforcing a conservative middle-market lending profile. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1737924/000162828025038084/ncdl2q2025earningspresen.htm?utm_source=openai))
Recent corporate actions also matter for market context. In 2025, NCDL issued $300 million of 6.650% notes due 2030, established an at-the-market equity program allowing sales of up to $200 million of common stock, and continued to emphasize balance-sheet flexibility and liquidity. Company presentations in 2025 also highlighted a scaled portfolio, a diversified lender mix, and strong exposure to first-lien assets. These developments suggest a company still in growth mode, but operating with an emphasis on disciplined leverage and recurring income generation. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1737924/000162828025001630/ncdlc-20250114.htm?utm_source=openai))
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