NewEdge Advisors LLC Boosts Stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

NewEdge Advisors LLC lifted its holdings in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 680.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,300 shares of the company’s stock after buying an additional 2,877 shares during the period. NewEdge Advisors LLC’s holdings in Nuveen Churchill Direct Lending were worth $55,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Aprio Wealth Management LLC grew its stake in Nuveen Churchill Direct Lending by 104.1% in the 4th quarter. Aprio Wealth Management LLC now owns 111,604 shares of the company’s stock valued at $1,873,000 after purchasing an additional 56,916 shares during the period. JPMorgan Chase & Co. grew its position in Nuveen Churchill Direct Lending by 1,045,043.2% during the third quarter. JPMorgan Chase & Co. now owns 386,703 shares of the company’s stock valued at $6,736,000 after buying an additional 386,666 shares during the period. Procyon Advisors LLC increased its holdings in Nuveen Churchill Direct Lending by 67.6% during the fourth quarter. Procyon Advisors LLC now owns 63,704 shares of the company’s stock worth $1,069,000 after buying an additional 25,699 shares during the last quarter. Modera Wealth Management LLC bought a new stake in Nuveen Churchill Direct Lending in the fourth quarter worth about $275,000. Finally, Sei Investments Co. purchased a new position in Nuveen Churchill Direct Lending in the fourth quarter valued at about $309,000.

Nuveen Churchill Direct Lending Stock Up 1.8 %

Nuveen Churchill Direct Lending stock opened at $15.99 on Friday. The firm has a market capitalization of $818.96 million, a price-to-earnings ratio of 6.83 and a beta of 0.45. The firm has a 50 day simple moving average of $16.37 and a 200 day simple moving average of $16.83. Nuveen Churchill Direct Lending Corp. has a 1-year low of $14.21 and a 1-year high of $18.05. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.10.

Nuveen Churchill Direct Lending Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently commented on NCDL. Keefe, Bruyette & Woods lowered their price target on shares of 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. UBS Group dropped their price target on Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company decreased their price objective on Nuveen Churchill Direct Lending from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Monday, April 28th.

Nuveen Churchill Direct Lending 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.