Nuveen Churchill Direct Lending (NYSE:NCDL) CAO Purchases $49,960.22 in Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) CAO Marissa Hassen bought 3,782 shares of Nuveen Churchill Direct Lending stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $13.21 per share, with a total value of $49,960.22. Following the completion of the purchase, the chief accounting officer directly owned 9,780 shares in the company, valued at $129,193.80. This trade represents a 63.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nuveen Churchill Direct Lending Stock Performance

NCDL traded up $0.05 during trading hours on Wednesday, reaching $13.44. The company’s stock had a trading volume of 117,915 shares, compared to its average volume of 246,026. Nuveen Churchill Direct Lending Corp. has a 52 week low of $12.43 and a 52 week high of $17.27. The company’s 50-day moving average is $13.56 and its 200-day moving average is $13.84. The firm has a market cap of $663.55 million, a PE ratio of 11.20 and a beta of 0.63.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $17.15 million for the quarter, compared to the consensus estimate of $47.79 million. Nuveen Churchill Direct Lending had a return on equity of 9.80% and a net margin of 29.56%. Equities analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 1.66 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.44 annualized dividend and a dividend yield of 10.7%. Nuveen Churchill Direct Lending’s payout ratio is presently 120.00%.

Institutional Trading of Nuveen Churchill Direct Lending

Several hedge funds and other institutional investors have recently bought and sold shares of NCDL. Quantbot Technologies LP acquired a new stake in Nuveen Churchill Direct Lending in the 2nd quarter worth about $152,000. Cresset Asset Management LLC raised its stake in Nuveen Churchill Direct Lending by 17.6% in the 2nd quarter. Cresset Asset Management LLC now owns 36,025 shares of the company’s stock worth $599,000 after purchasing an additional 5,391 shares in the last quarter. NewEdge Advisors LLC raised its stake in Nuveen Churchill Direct Lending by 33.0% in 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 in the last quarter. Sei Investments Co. raised its stake in Nuveen Churchill Direct Lending by 11.4% in the 2nd quarter. Sei Investments Co. now owns 18,678 shares of the company’s stock worth $302,000 after purchasing an additional 1,918 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Nuveen Churchill Direct Lending by 41.2% in the 2nd quarter. Bank of America Corp DE now owns 86,036 shares of the company’s stock worth $1,393,000 after purchasing an additional 25,106 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group lifted their target price on shares of Nuveen Churchill Direct Lending from $14.75 to $15.50 and gave the stock a “neutral” rating in a report on Monday, April 20th. Truist Financial reduced their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Keefe, Bruyette & Woods reduced their target price on shares of Nuveen Churchill Direct Lending from $16.00 to $15.00 and set a “market perform” rating for the company in a report on Friday, February 27th. Wells Fargo & Company reduced their target price on shares of Nuveen Churchill Direct Lending from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, March 4th. Finally, Wall Street Zen downgraded shares of Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.50.

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.