Nuveen Churchill Direct Lending (NYSE:NCDL) Price Target Cut to $15.00 by Analysts at Wells Fargo & Company

Nuveen Churchill Direct Lending (NYSE:NCDL) had its price target reduced by Wells Fargo & Company from $17.00 to $15.00 in a research note issued to investors on Monday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other research firms have also recently commented on NCDL. UBS Group lowered their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price objective on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th.

Nuveen Churchill Direct Lending Price Performance

NCDL stock opened at $15.92 on Monday. The firm has a 50 day moving average of $16.52 and a 200 day moving average of $16.87. The stock has a market capitalization of $815.37 million, a PE ratio of 6.80 and a beta of 0.37. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.10. Nuveen Churchill Direct Lending has a 52 week low of $14.21 and a 52 week high of $18.05.

Nuveen Churchill Direct Lending Announces Dividend

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

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Adams Asset Advisors LLC grew its position in Nuveen Churchill Direct Lending by 165.7% during the 1st quarter. Adams Asset Advisors LLC now owns 82,394 shares of the company’s stock worth $1,399,000 after purchasing an additional 51,382 shares during the period. Dover Advisors LLC grew its position in Nuveen Churchill Direct Lending by 6.5% during the 1st quarter. Dover Advisors LLC now owns 16,500 shares of the company’s stock worth $289,000 after purchasing an additional 1,000 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Nuveen Churchill Direct Lending by 364.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 342,773 shares of the company’s stock valued at $5,820,000 after acquiring an additional 268,968 shares during the period. GraniteShares Advisors LLC grew its position in shares of Nuveen Churchill Direct Lending by 6.4% during the 1st quarter. GraniteShares Advisors LLC now owns 156,645 shares of the company’s stock valued at $2,660,000 after acquiring an additional 9,490 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of Nuveen Churchill Direct Lending by 40.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 297,087 shares of the company’s stock valued at $5,045,000 after acquiring an additional 85,498 shares during the period.

About Nuveen Churchill Direct Lending

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.