Nuveen Churchill Direct Lending (NCDL) - Added to Income Port

[Champico33]

NCDL operates as a BDC and pays a 11.4% Quarterly Dividend.

Nuveen Churchill Direct Lending Corp. - Churchill Asset Management

A few Data Points:

Current Price: $15.92
YTD Performance: -5.13%
52 WK Range: 14.21- 18.05
Dividend Rate: 1.80
Market Cap: 865.4M (Give or Take)

Why Buy Now: A Highly Recognized BDC Guru just popped it as a Very Strong Buy. Says it’s undervalued after the recent nose dive: Who am I to argue with that? As with all new additions to the Income Port I started NCDL at a 1/2 position.

Recent ER Press Release:

Nuveen Churchill Direct Lending Corp. Announces Full Year and Fourth Quarter...

Transcript:
https://seekingalpha.com/article/4763700-nuveen-churchill-direct-lending-corp-ncdl-q4-2024-earnings-call-transcript#source=section%3Aearnings_summary|section_asset%3Aearnings_history|first_level_url%3Asymbol|button%3Atranscript

Scouting Reports:

https://seekingalpha.com/article/4778062-nuveen-churchill-direct-lending-stock-ridiculously-cheap-given-its-quality#source=section%3Asummary|section_asset%3Aall_analysis|first_level_url%3Asymbol|button%3ATitle|lock_status%3ANo|line%3A1

https://seekingalpha.com/article/4771950-nuveen-churchill-direct-lending-underrated-bdc-but-could-face-selling-pressure#source=section%3Asummary|section_asset%3Aall_analysis|first_level_url%3Asymbol|button%3ATitle|lock_status%3ANo|line%3A2

Note: While this might look like some sort of recommendation it is anything but. This post merely records a purchase I made. Following what Big Dumb Hick Investing does would represent a fallacy of manic/epic proportions. Ha Ha Ha - Don’t do it!