Nuveen Churchill Direct Lending (NYSE:NCDL) Stock Rating Lowered by Wall Street Zen

Nuveen Churchill Direct Lending (NYSE:NCDL) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other equities research analysts have also issued reports about the stock. Zacks Research raised shares of Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Keefe, Bruyette & Woods reduced their target price on shares of Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Finally, Wells Fargo & Company reduced their price objective on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.75.

Nuveen Churchill Direct Lending Price Performance

Shares of NCDL stock opened at $14.11 on Friday. Nuveen Churchill Direct Lending has a fifty-two week low of $12.95 and a fifty-two week high of $18.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.65 and a current ratio of 1.65. The firm has a market capitalization of $697.04 million, a price-to-earnings ratio of 9.22 and a beta of 0.40. The stock’s 50-day simple moving average is $13.78 and its 200-day simple moving average is $14.49.

Insider Activity

In other Nuveen Churchill Direct Lending news, Director Kenneth M. Miranda purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average cost of $14.10 per share, with a total value of $28,200.00. Following the completion of the purchase, the director owned 27,000 shares in the company, valued at approximately $380,700. This represents a 8.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.62% of the stock is owned by insiders.

Institutional Trading of Nuveen Churchill Direct Lending

Several large investors have recently bought and sold shares of NCDL. Hennion & Walsh Asset Management Inc. lifted its position in Nuveen Churchill Direct Lending by 13.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 418,571 shares of the company’s stock valued at $5,776,000 after buying an additional 50,507 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of Nuveen Churchill Direct Lending in the 2nd quarter valued at approximately $773,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of Nuveen Churchill Direct Lending by 100.0% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 32,820 shares of the company’s stock worth $531,000 after acquiring an additional 16,408 shares during the last quarter. Atlatl Advisers LLC acquired a new stake in Nuveen Churchill Direct Lending in the 2nd quarter valued at approximately $173,000. Finally, MQS Management LLC purchased a new stake in Nuveen Churchill Direct Lending in the third quarter valued at approximately $604,000.

About Nuveen Churchill Direct Lending

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.