UBS Group Cuts Nuveen Churchill Direct Lending (NYSE:NCDL) Price Target to $16.25

Nuveen Churchill Direct Lending (NYSE:NCDL) had its price objective trimmed by UBS Group from $18.00 to $16.25 in a research note released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, Keefe, Bruyette & Woods dropped their price objective on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th.

Nuveen Churchill Direct Lending Stock Performance

Shares of NYSE NCDL opened at $15.15 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 1.69. Nuveen Churchill Direct Lending has a one year low of $14.21 and a one year high of $18.05. The business’s 50-day moving average price is $16.74 and its two-hundred day moving average price is $16.95. The company has a market capitalization of $775.99 million, a P/E ratio of 6.47 and a beta of 0.37.

Nuveen Churchill Direct Lending Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.10 per share. This represents a dividend yield of 10.3%. The ex-dividend date of this dividend is Monday, March 31st. Nuveen Churchill Direct Lending’s dividend payout ratio is 83.72%.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCDL. Bellevue Asset Management LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the fourth quarter worth $28,000. Tower Research Capital LLC TRC bought a new stake in Nuveen Churchill Direct Lending during the fourth quarter valued at about $48,000. NewEdge Advisors LLC grew its position in shares of Nuveen Churchill Direct Lending by 680.1% in the fourth quarter. NewEdge Advisors LLC now owns 3,300 shares of the company’s stock valued at $55,000 after purchasing an additional 2,877 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Nuveen Churchill Direct Lending by 72.2% in the fourth quarter. Farther Finance Advisors LLC now owns 5,512 shares of the company’s stock worth $92,000 after purchasing an additional 2,311 shares during the period. Finally, OneAscent Wealth Management LLC acquired a new position in shares of Nuveen Churchill Direct Lending during the 4th quarter worth about $171,000.

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.