Nuveen Churchill Direct Lending (NYSE:NCDL) Stock Price Down 4.1% – Should You Sell?

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) fell 4.1% during trading on Friday . The company traded as low as $13.54 and last traded at $13.4710. 2,542 shares were traded during mid-day trading, a decline of 99% from the average session volume of 248,779 shares. The stock had previously closed at $14.05.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Zacks Research raised shares of Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Wells Fargo & Company lowered their price target 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. Keefe, Bruyette & Woods dropped their price objective 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. Finally, Wall Street Zen downgraded Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.75.

Nuveen Churchill Direct Lending Stock Up 0.2%

The firm’s fifty day simple moving average is $13.72 and its 200 day simple moving average is $14.46. 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 company has a market cap of $678.12 million, a price-to-earnings ratio of 8.97 and a beta of 0.40.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. raised its position in Nuveen Churchill Direct Lending by 2,179.1% in the fourth quarter. Invesco Ltd. now owns 742,296 shares of the company’s stock worth $9,902,000 after acquiring an additional 709,727 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Nuveen Churchill Direct Lending by 31.2% in the 4th quarter. NewEdge Advisors LLC now owns 6,073 shares of the company’s stock valued at $81,000 after purchasing an additional 1,443 shares in the last quarter. VARCOV Co. acquired a new stake in shares of Nuveen Churchill Direct Lending in the fourth quarter valued at about $371,000. Almitas Capital LLC purchased a new stake in Nuveen Churchill Direct Lending during the fourth quarter worth about $936,000. Finally, Trexquant Investment LP grew its position in Nuveen Churchill Direct Lending by 34.5% during the fourth quarter. Trexquant Investment LP now owns 199,154 shares of the company’s stock worth $2,657,000 after buying an additional 51,093 shares during the period.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending (NYSE:NCDL) is a closed-end management investment company that seeks to provide shareholders with attractive risk-adjusted returns through a diversified portfolio of direct lending instruments. Established in early 2022, NCDL focuses on privately negotiated debt investments in middle-market companies, primarily within the United States. The fund offers investors access to a segment of the credit markets that has historically been less correlated with public debt markets, aiming to capture yield premiums associated with private lending.

The fund’s investment strategy centers on senior secured loans, unitranche financings and selectively structured mezzanine debt.