What is NCDL's dilution risk score?

NCDL has a latest available DilutionScore record of 64/100, categorized as high dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for NCDL, including shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals when detected in source data.

What SEC filings does DilutionWatch track for NCDL?

DilutionWatch tracks 25 SEC filing types for NCDL including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect NCDL shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For NCDL, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for NCDL tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for NCDL. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

NCDL Dilution Risk Score: 64/100

Score Breakdown

📋 Offering Ability

💰 Cash Runway

📊Float Risk—

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

⛅

Watch

Minor dilution signals detected

model est. 20%

💰 Capital Raise model 35%

• Low cash runway: 3 months remaining

📉 Score Deterioration model 10%

• Score in HIGH risk zone (64/100)

🔔 Track NCDL — Get forecast alerts →

Market Data

Market Cap$535.36M

Shares Outstanding49.39M

FloatN/A

Cash$44.01M

Debt$1.09B

Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

Field	Current Value	Basis
DilutionScore	64/100	DilutionWatch score record
Shares Outstanding	49.39M	Verified float table or market cache
Public Float	Not available	Verified float table or market cache
Market Cap	$535.36M	Market data cache
Cash Runway	3.3 months	DilutionWatch score inputs
Shelf Capacity	None in current score inputs	SEC-derived dilution fields
ATM Capacity	None in current score inputs	SEC-derived dilution fields
Outstanding Warrants	None in current score inputs	SEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 0.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 0.8% shares (2026Q1 vs prior)

69 institutional holders · 18.36M shares

#1 Corient Private Wealth LLC 3.64M shares

#2 Blue Owl Capital Holdings LP 2.14M shares

#3 Diameter Capital Partners LP 1.38M shares

+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest770.1K

Days to Cover2.8

% of FloatN/A

FINRA data as of Sep 30, 2026

Recent SEC Activity

No recent SEC insights

Recent News

No recent news available for this ticker.

DilutionScore History — Last 90 Days

NCDL's DilutionScore is currently 64/100 (High risk), with 1 score change tracked over 89 days. The score improved from 57/100 (High risk).

Period	Score	Risk Level	Duration
Aug 22 – Oct 13, 2026	64/100	HIGH	53 days
Jul 16 – Aug 21, 2026	57/100	HIGH	36 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Track NCDL Dilution Risk in Real-Time

DilutionWatch monitors SEC filings 24/7 and alerts you the moment NCDL files a shelf registration, ATM offering, warrant notice, or convertible note. Free tier available — no credit card required.

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📖 Dilution Education

→ Complete Dilution Guide for Retail Investors → Anti-Dilution Provisions Explained → Stock Dilution Red Flags to Watch → Understanding Shelf Registrations

Score Coverage Note

Float Risk is excluded because public-float data is unavailable.

NCDL — Nuveen Churchill Direct Lending Corp. Dilution Risk Tracker