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Nuveen Churchill Direct Lending (NCDL) Competitors

Nuveen Churchill Direct Lending logo
$12.30 -0.07 (-0.57%)
As of 08/21/2026 03:57 PM Eastern

NCDL vs. ARCC, CCAP, CGBD, NMFC, and BCSF

Should you buy Nuveen Churchill Direct Lending stock or one of its competitors? Nuveen Churchill Direct Lending's main competitors and comparable companies include Ares Capital (ARCC), Crescent Capital BDC (CCAP), Carlyle Secured Lending (CGBD), New Mountain Finance (NMFC), and Bain Capital Specialty Finance (BCSF). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "asset management & custody banks" industry.

How does Nuveen Churchill Direct Lending compare to Ares Capital?

Ares Capital (NASDAQ:ARCC) and Nuveen Churchill Direct Lending (NYSE:NCDL) are both finance companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, institutional ownership, media sentiment, valuation, earnings, analyst recommendations, risk and profitability.

Ares Capital has a beta of 0.56, meaning that its stock price is 44% less volatile than the broader market. Comparatively, Nuveen Churchill Direct Lending has a beta of 0.51, meaning that its stock price is 49% less volatile than the broader market.

In the previous week, Ares Capital had 18 more articles in the media than Nuveen Churchill Direct Lending. MarketBeat recorded 19 mentions for Ares Capital and 1 mentions for Nuveen Churchill Direct Lending. Ares Capital's average media sentiment score of 0.96 beat Nuveen Churchill Direct Lending's score of 0.51 indicating that Ares Capital is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Ares Capital
10 Very Positive mention(s)
4 Positive mention(s)
2 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Positive
Nuveen Churchill Direct Lending
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

27.4% of Ares Capital shares are owned by institutional investors. 0.5% of Ares Capital shares are owned by insiders. Comparatively, 0.7% of Nuveen Churchill Direct Lending shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Ares Capital has a net margin of 30.91% compared to Nuveen Churchill Direct Lending's net margin of 24.44%. Ares Capital's return on equity of 9.80% beat Nuveen Churchill Direct Lending's return on equity.

Company Net Margins Return on Equity Return on Assets
Ares Capital30.91% 9.80% 4.50%
Nuveen Churchill Direct Lending 24.44%9.60%4.10%

Ares Capital pays an annual dividend of $1.92 per share and has a dividend yield of 9.6%. Nuveen Churchill Direct Lending pays an annual dividend of $1.44 per share and has a dividend yield of 11.7%. Ares Capital pays out 142.2% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Nuveen Churchill Direct Lending pays out 151.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Ares Capital has higher revenue and earnings than Nuveen Churchill Direct Lending. Nuveen Churchill Direct Lending is trading at a lower price-to-earnings ratio than Ares Capital, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Ares Capital$3.05B4.69$1.30B$1.3514.76
Nuveen Churchill Direct Lending$207.86M2.92$65.61M$0.9512.95

Ares Capital presently has a consensus target price of $20.40, suggesting a potential upside of 2.41%. Nuveen Churchill Direct Lending has a consensus target price of $14.06, suggesting a potential upside of 14.33%. Given Nuveen Churchill Direct Lending's higher probable upside, analysts clearly believe Nuveen Churchill Direct Lending is more favorable than Ares Capital.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Ares Capital
0 Sell rating(s)
3 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.73
Nuveen Churchill Direct Lending
1 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00

Summary

Ares Capital beats Nuveen Churchill Direct Lending on 15 of the 18 factors compared between the two stocks.

How does Nuveen Churchill Direct Lending compare to Crescent Capital BDC?

Nuveen Churchill Direct Lending (NYSE:NCDL) and Crescent Capital BDC (NASDAQ:CCAP) are both small-cap finance companies, but which is the superior stock? We will contrast the two companies based on the strength of their risk, analyst recommendations, valuation, profitability, dividends, institutional ownership, media sentiment and earnings.

Nuveen Churchill Direct Lending has a beta of 0.51, suggesting that its share price is 49% less volatile than the broader market. Comparatively, Crescent Capital BDC has a beta of 0.52, suggesting that its share price is 48% less volatile than the broader market.

In the previous week, Crescent Capital BDC had 9 more articles in the media than Nuveen Churchill Direct Lending. MarketBeat recorded 10 mentions for Crescent Capital BDC and 1 mentions for Nuveen Churchill Direct Lending. Crescent Capital BDC's average media sentiment score of 1.18 beat Nuveen Churchill Direct Lending's score of 0.51 indicating that Crescent Capital BDC is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Nuveen Churchill Direct Lending
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Crescent Capital BDC
5 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Nuveen Churchill Direct Lending currently has a consensus target price of $14.06, indicating a potential upside of 14.33%. Crescent Capital BDC has a consensus target price of $13.10, indicating a potential upside of 22.32%. Given Crescent Capital BDC's stronger consensus rating and higher probable upside, analysts plainly believe Crescent Capital BDC is more favorable than Nuveen Churchill Direct Lending.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nuveen Churchill Direct Lending
1 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
Crescent Capital BDC
0 Sell rating(s)
5 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.17

Nuveen Churchill Direct Lending pays an annual dividend of $1.44 per share and has a dividend yield of 11.7%. Crescent Capital BDC pays an annual dividend of $1.36 per share and has a dividend yield of 12.7%. Nuveen Churchill Direct Lending pays out 151.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Crescent Capital BDC pays out -1,511.1% of its earnings in the form of a dividend. Crescent Capital BDC has increased its dividend for 1 consecutive years. Crescent Capital BDC is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Nuveen Churchill Direct Lending has a net margin of 24.44% compared to Crescent Capital BDC's net margin of -2.02%. Nuveen Churchill Direct Lending's return on equity of 9.60% beat Crescent Capital BDC's return on equity.

Company Net Margins Return on Equity Return on Assets
Nuveen Churchill Direct Lending24.44% 9.60% 4.10%
Crescent Capital BDC -2.02%9.02%3.82%

49.5% of Crescent Capital BDC shares are held by institutional investors. 0.7% of Nuveen Churchill Direct Lending shares are held by company insiders. Comparatively, 1.2% of Crescent Capital BDC shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Nuveen Churchill Direct Lending has higher revenue and earnings than Crescent Capital BDC. Crescent Capital BDC is trading at a lower price-to-earnings ratio than Nuveen Churchill Direct Lending, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Nuveen Churchill Direct Lending$207.86M2.92$65.61M$0.9512.95
Crescent Capital BDC$167.29M2.36$34.51M-$0.09N/A

Summary

Crescent Capital BDC beats Nuveen Churchill Direct Lending on 10 of the 18 factors compared between the two stocks.

How does Nuveen Churchill Direct Lending compare to Carlyle Secured Lending?

Nuveen Churchill Direct Lending (NYSE:NCDL) and Carlyle Secured Lending (NASDAQ:CGBD) are both small-cap finance companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, earnings, risk, profitability, analyst recommendations, dividends, media sentiment and valuation.

Nuveen Churchill Direct Lending pays an annual dividend of $1.44 per share and has a dividend yield of 11.7%. Carlyle Secured Lending pays an annual dividend of $1.40 per share and has a dividend yield of 12.3%. Nuveen Churchill Direct Lending pays out 151.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Carlyle Secured Lending pays out 274.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

24.5% of Carlyle Secured Lending shares are owned by institutional investors. 0.7% of Nuveen Churchill Direct Lending shares are owned by insiders. Comparatively, 0.4% of Carlyle Secured Lending shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Nuveen Churchill Direct Lending has a net margin of 24.44% compared to Carlyle Secured Lending's net margin of 14.26%. Nuveen Churchill Direct Lending's return on equity of 9.60% beat Carlyle Secured Lending's return on equity.

Company Net Margins Return on Equity Return on Assets
Nuveen Churchill Direct Lending24.44% 9.60% 4.10%
Carlyle Secured Lending 14.26%8.85%3.90%

Nuveen Churchill Direct Lending currently has a consensus target price of $14.06, indicating a potential upside of 14.33%. Carlyle Secured Lending has a consensus target price of $12.50, indicating a potential upside of 10.13%. Given Nuveen Churchill Direct Lending's higher probable upside, equities research analysts clearly believe Nuveen Churchill Direct Lending is more favorable than Carlyle Secured Lending.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nuveen Churchill Direct Lending
1 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
Carlyle Secured Lending
0 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.43

In the previous week, Nuveen Churchill Direct Lending and Nuveen Churchill Direct Lending both had 1 articles in the media. Carlyle Secured Lending's average media sentiment score of 1.90 beat Nuveen Churchill Direct Lending's score of 0.51 indicating that Carlyle Secured Lending is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Nuveen Churchill Direct Lending
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Carlyle Secured Lending
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

Nuveen Churchill Direct Lending has a beta of 0.51, indicating that its share price is 49% less volatile than the broader market. Comparatively, Carlyle Secured Lending has a beta of 0.62, indicating that its share price is 38% less volatile than the broader market.

Carlyle Secured Lending has higher revenue and earnings than Nuveen Churchill Direct Lending. Nuveen Churchill Direct Lending is trading at a lower price-to-earnings ratio than Carlyle Secured Lending, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Nuveen Churchill Direct Lending$207.86M2.92$65.61M$0.9512.95
Carlyle Secured Lending$255.57M3.06$69.97M$0.5122.25

Summary

Carlyle Secured Lending beats Nuveen Churchill Direct Lending on 10 of the 17 factors compared between the two stocks.

How does Nuveen Churchill Direct Lending compare to New Mountain Finance?

Nuveen Churchill Direct Lending (NYSE:NCDL) and New Mountain Finance (NASDAQ:NMFC) are both small-cap finance companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, institutional ownership, analyst recommendations, valuation, media sentiment, profitability, earnings and risk.

In the previous week, Nuveen Churchill Direct Lending and Nuveen Churchill Direct Lending both had 1 articles in the media. New Mountain Finance's average media sentiment score of 0.55 beat Nuveen Churchill Direct Lending's score of 0.51 indicating that New Mountain Finance is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Nuveen Churchill Direct Lending
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
New Mountain Finance
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

32.1% of New Mountain Finance shares are held by institutional investors. 0.7% of Nuveen Churchill Direct Lending shares are held by insiders. Comparatively, 14.9% of New Mountain Finance shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Nuveen Churchill Direct Lending has a beta of 0.51, indicating that its share price is 49% less volatile than the broader market. Comparatively, New Mountain Finance has a beta of 0.55, indicating that its share price is 45% less volatile than the broader market.

Nuveen Churchill Direct Lending has a net margin of 24.44% compared to New Mountain Finance's net margin of -16.78%. New Mountain Finance's return on equity of 10.94% beat Nuveen Churchill Direct Lending's return on equity.

Company Net Margins Return on Equity Return on Assets
Nuveen Churchill Direct Lending24.44% 9.60% 4.10%
New Mountain Finance -16.78%10.94%4.58%

Nuveen Churchill Direct Lending has higher earnings, but lower revenue than New Mountain Finance. New Mountain Finance is trading at a lower price-to-earnings ratio than Nuveen Churchill Direct Lending, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Nuveen Churchill Direct Lending$207.86M2.92$65.61M$0.9512.95
New Mountain Finance$327.08M2.18$16.49M-$0.47N/A

Nuveen Churchill Direct Lending pays an annual dividend of $1.44 per share and has a dividend yield of 11.7%. New Mountain Finance pays an annual dividend of $1.00 per share and has a dividend yield of 13.2%. Nuveen Churchill Direct Lending pays out 151.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. New Mountain Finance pays out -212.8% of its earnings in the form of a dividend. New Mountain Finance is clearly the better dividend stock, given its higher yield and lower payout ratio.

Nuveen Churchill Direct Lending presently has a consensus target price of $14.06, suggesting a potential upside of 14.33%. New Mountain Finance has a consensus target price of $8.60, suggesting a potential upside of 13.76%. Given Nuveen Churchill Direct Lending's stronger consensus rating and higher possible upside, equities research analysts plainly believe Nuveen Churchill Direct Lending is more favorable than New Mountain Finance.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nuveen Churchill Direct Lending
1 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
New Mountain Finance
2 Sell rating(s)
4 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.67

Summary

New Mountain Finance beats Nuveen Churchill Direct Lending on 9 of the 17 factors compared between the two stocks.

How does Nuveen Churchill Direct Lending compare to Bain Capital Specialty Finance?

Nuveen Churchill Direct Lending (NYSE:NCDL) and Bain Capital Specialty Finance (NYSE:BCSF) are both small-cap finance companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, risk, profitability, dividends, analyst recommendations, valuation, institutional ownership and media sentiment.

Nuveen Churchill Direct Lending has a beta of 0.51, meaning that its share price is 49% less volatile than the broader market. Comparatively, Bain Capital Specialty Finance has a beta of 0.58, meaning that its share price is 42% less volatile than the broader market.

In the previous week, Bain Capital Specialty Finance had 1 more articles in the media than Nuveen Churchill Direct Lending. MarketBeat recorded 2 mentions for Bain Capital Specialty Finance and 1 mentions for Nuveen Churchill Direct Lending. Nuveen Churchill Direct Lending's average media sentiment score of 0.51 beat Bain Capital Specialty Finance's score of 0.43 indicating that Nuveen Churchill Direct Lending is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Nuveen Churchill Direct Lending
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bain Capital Specialty Finance
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Nuveen Churchill Direct Lending presently has a consensus price target of $14.06, indicating a potential upside of 14.33%. Bain Capital Specialty Finance has a consensus price target of $12.75, indicating a potential upside of 5.37%. Given Nuveen Churchill Direct Lending's stronger consensus rating and higher possible upside, analysts clearly believe Nuveen Churchill Direct Lending is more favorable than Bain Capital Specialty Finance.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nuveen Churchill Direct Lending
1 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
Bain Capital Specialty Finance
1 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.67

Nuveen Churchill Direct Lending pays an annual dividend of $1.44 per share and has a dividend yield of 11.7%. Bain Capital Specialty Finance pays an annual dividend of $1.68 per share and has a dividend yield of 13.9%. Nuveen Churchill Direct Lending pays out 151.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Bain Capital Specialty Finance pays out 169.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Bain Capital Specialty Finance has raised its dividend for 4 consecutive years. Bain Capital Specialty Finance is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Nuveen Churchill Direct Lending has a net margin of 24.44% compared to Bain Capital Specialty Finance's net margin of 24.22%. Bain Capital Specialty Finance's return on equity of 10.40% beat Nuveen Churchill Direct Lending's return on equity.

Company Net Margins Return on Equity Return on Assets
Nuveen Churchill Direct Lending24.44% 9.60% 4.10%
Bain Capital Specialty Finance 24.22%10.40%4.33%

Bain Capital Specialty Finance has higher revenue and earnings than Nuveen Churchill Direct Lending. Bain Capital Specialty Finance is trading at a lower price-to-earnings ratio than Nuveen Churchill Direct Lending, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Nuveen Churchill Direct Lending$207.86M2.92$65.61M$0.9512.95
Bain Capital Specialty Finance$273.24M2.87$98.76M$0.9912.22

Summary

Bain Capital Specialty Finance beats Nuveen Churchill Direct Lending on 9 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding NCDL and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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NCDL vs. The Competition

MetricNuveen Churchill Direct LendingCapital Markets IndustryFinance SectorNYSE Exchange
Market Cap$607.95M$5.66B$13.63B$24.31B
Dividend Yield11.70%7.38%5.89%3.70%
P/E Ratio12.9539.1029.6130.26
Price / Sales2.921,262.42521.3020.99
Price / Cash5.3148.3138.1932.49
Price / Book0.722.132.186.77
Net Income$65.61M$416.48M$1.31B$1.07B
7 Day Performance-1.23%-0.25%-0.30%-0.65%
1 Month Performance1.60%2.06%2.37%3.38%
1 Year Performance-23.13%5.71%9.68%14.90%

Nuveen Churchill Direct Lending Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NCDL
Nuveen Churchill Direct Lending
3.6058 of 5 stars
$12.30
-0.6%
$14.06
+14.3%
-23.1%$607.95M$207.86M12.95N/A
ARCC
Ares Capital
3.2194 of 5 stars
$19.87
-0.5%
$20.40
+2.7%
-10.8%$14.34B$3.05B14.722,550
CCAP
Crescent Capital BDC
4.3455 of 5 stars
$11.08
-3.1%
$13.30
+20.0%
-29.9%$421.52M$167.29MN/AN/A
CGBD
Carlyle Secured Lending
2.3 of 5 stars
$11.10
-0.6%
$12.50
+12.6%
-18.9%$768.55M$255.57M21.77N/A
NMFC
New Mountain Finance
2.3351 of 5 stars
$7.71
-0.3%
$8.60
+11.5%
-27.2%$730.12M$327.08MN/AN/A

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This page (NYSE:NCDL) was last updated on 8/23/2026 by MarketBeat.com Staff.
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