Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Receives $15.75 Consensus Target Price from Analysts

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) has received an average recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $15.75.

A number of equities research analysts recently issued reports on NCDL shares. Keefe, Bruyette & Woods decreased their price target on Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Zacks Research lowered Nuveen Churchill Direct Lending from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Wells Fargo & Company decreased their target price on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. UBS Group lowered their target price on shares of Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Finally, Wall Street Zen cut shares of Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a report on Saturday, November 8th.

Insider Transactions at Nuveen Churchill Direct Lending

In other news, CEO Kenneth J. Kencel acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average price of $14.22 per share, with a total value of $284,400.00. Following the completion of the purchase, the chief executive officer directly owned 48,117 shares in the company, valued at $684,223.74. This trade represents a 71.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth M. Miranda acquired 2,000 shares of Nuveen Churchill Direct Lending stock in a transaction on Wednesday, November 19th. The shares were purchased at an average price of $14.10 per share, for a total transaction of $28,200.00. Following the completion of the acquisition, the director directly owned 27,000 shares in the company, valued at $380,700. This trade represents a 8.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 32,000 shares of company stock valued at $457,850. 0.62% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

A number of large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in Nuveen Churchill Direct Lending by 190.2% during the third quarter. BNP Paribas Financial Markets now owns 2,400 shares of the company’s stock worth $33,000 after buying an additional 1,573 shares during the period. Advisory Services Network LLC bought a new position in shares of Nuveen Churchill Direct Lending in the 3rd quarter worth $38,000. NewEdge Advisors LLC lifted its stake in shares of Nuveen Churchill Direct Lending by 33.0% during the 2nd quarter. NewEdge Advisors LLC now owns 4,511 shares of the company’s stock worth $73,000 after purchasing an additional 1,118 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Nuveen Churchill Direct Lending during the 3rd quarter worth $80,000. Finally, Global Retirement Partners LLC bought a new stake in Nuveen Churchill Direct Lending during the third quarter valued at about $85,000.

Nuveen Churchill Direct Lending Price Performance

Nuveen Churchill Direct Lending stock opened at $14.85 on Friday. Nuveen Churchill Direct Lending has a 12-month low of $13.16 and a 12-month high of $18.01. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.25. The firm has a 50-day moving average price of $14.24 and a 200-day moving average price of $15.43. The firm has a market capitalization of $733.44 million, a PE ratio of 9.71 and a beta of 0.35.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The firm had revenue of $51.11 million during the quarter, compared to analysts’ expectations of $52.00 million. Nuveen Churchill Direct Lending had a return on equity of 11.13% and a net margin of 36.83%. As a group, equities research analysts forecast that Nuveen Churchill Direct Lending will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 27th. Shareholders of record on Wednesday, December 31st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date is Wednesday, December 31st. Nuveen Churchill Direct Lending’s dividend payout ratio is currently 117.65%.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.