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Insider Cluster (2 insiders) ·Filed Mar 3, 2026

NCDL

Nuveen Churchill Direct Lending Corp.
BULLISH
Impact 5/10
Horizonweeks Processed7mo ago
Insider cluster: 2 insiders, $169K total
Actionable Insight ▲ Bullish

CEO-led open-market buying is a positive signal, especially in a BDC like NCDL where insider alignment matters. While the dollar amount is modest relative to market cap, the timing and participation of the CEO may indicate confidence ahead of upcoming earnings or portfolio updates.

DirectionBullish
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d
NCDL ▲ +2.49% at T+60d
LONG call ✓ call won +2.49% · α vs SPY -7.83% · entry $12.60 → $12.91
Entry = T+0 close
Mar 2, 2026
via day close
T+1d
+2.62%
call +2.62% · α +1.85%
$12.93
settled 8mo ago
T+5d
+2.85%
call +2.85% · α +3.32%
$12.96
settled 8mo ago
T+20d
+0.98%
call +0.98% · α +5.38%
$12.72
settled 7mo ago
T+60d
+2.49%
call +2.49% · α -7.83%
$12.91
settled 5mo ago

Price Chart

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Executive Summary

Two corporate insiders at Nuveen Churchill Direct Lending Corp. (NCDL) purchased shares in the open market within the last week, including CEO Kenneth J. Kencel, who bought 10,000 shares for approximately $130,384. The total value of the cluster is $168,874, representing a small but notable insider buying signal.

Key Financial Metrics

Direction
buying
Total Value
$168.9K
Insiders
2

Key Facts

  • CEO Kenneth J. Kencel purchased 10,000 shares at $13.0384 per share for a total of $130,384 in open-market buying.
  • Miranda Kenneth M. purchased 3,000 shares at $12.83 per share for a total of $38,490.
  • Total insider buying in the past 7 days: $168,874 across two transactions.
  • All transactions were open-market purchases (no grants, awards, or tax-related dispositions).
  • Cluster represents approximately 0.0256% of the company's $659M market cap.

Financial Impact

$168,874 in open-market purchases by insiders over 7 days

insider ownershipmarket sentiment

Risk Factors

  • The total purchase amount is small relative to the company's $659M market cap (<0.1%), limiting broad market impact.
  • No disclosed rationale for the purchases — could be part of a pre-arranged plan rather than a reaction to material non-public information.

Market Snapshot

Exchange
NYSE

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (2 trades, 7d window)cluster-NCDL-1772734598232
9 reports for NCDL
Performance horizon
67% Hit rate @ T+60 2 of 3 directional calls Went positive at some point 3 of 5 best @ T+60▲ +11.06%May 7, 2026
Filters
Rows
Reports for NCDL — sortable, filterable
TypeNow
Sep 15, 2026
6w ago
Insider Buy
BULLISH ★ 4/10
$12.15awaiting T+60—$10.81 (−11.03%)
Aug 6, 2026
11w ago
8-K
BEARISH ★ 6/10
$12.53awaiting T+60—$10.81 (+13.73%)
Jun 18, 2026
18w ago
EFFECT
NEUTRAL ★ 4/10
$12.23 $12.22▼ −0.08%▼ −1.98%$10.81 (−11.61%)
May 15, 2026
23w ago
Insider Cluster
BULLISH ★ 5/10
$13.28 $12.54▼ −5.57%▼ −10.09%$10.81 (−18.60%)
May 7, 2026
24w ago
8-K
BEARISH ★ 6/10
$14.01 $12.46▲ +11.06%▲ +14.90%$10.81 (+22.84%)
Apr 9, 2026
28w ago
DEFA14A
NEUTRAL ★ 2/10
$13.44 $12.61▼ −6.18%▼ −16.96%$10.81 (−19.57%)
Apr 7, 2026
29w ago
DEFA14A
NEUTRAL ★ 3/10
$13.35 $12.68▼ −5.02%▼ −15.48%$10.81 (−19.03%)
Mar 3, 2026
34w ago
Insider Cluster
BULLISH ★ 7/10
$12.60 $12.91▲ +2.49%▼ −7.83%$10.81 (−14.19%)
Mar 3, 2026
34w ago
Insider Cluster
BULLISH ★ 5/10
$12.60 $12.91▲ +2.49%▼ −7.83%$10.81 (−14.19%)
Showing 9 of 9

US Market Status

Market Closed — Opens Wed (16h 22m)

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Report published Mar 5, 2026