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

Nuveen Churchill Direct Lending (NYSE:NCDL) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Other equities analysts also recently issued reports about the company. UBS Group restated a “neutral” rating and issued a $17.50 price objective (up from $16.50) on shares of Nuveen Churchill Direct Lending in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods lowered 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 research report on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 13th. Finally, JMP Securities lowered their price objective on Nuveen Churchill Direct Lending from $18.50 to $18.00 and set a “market outperform” rating on the stock in a research report on Tuesday, June 24th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Nuveen Churchill Direct Lending has a consensus rating of “Hold” and a consensus price target of $16.63.

Nuveen Churchill Direct Lending Stock Performance

Shares of NCDL opened at $16.85 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.79 and a quick ratio of 1.79. Nuveen Churchill Direct Lending has a one year low of $14.21 and a one year high of $18.01. The firm has a market capitalization of $847.22 million, a P/E ratio of 9.01 and a beta of 0.48. The business has a fifty day moving average of $16.29 and a 200 day moving average of $16.50.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.04). Nuveen Churchill Direct Lending had a net margin of 44.83% and a return on equity of 12.42%. The company had revenue of $53.59 million for the quarter, compared to the consensus estimate of $56.01 million. As a group, sell-side analysts anticipate that Nuveen Churchill Direct Lending will post 2.28 EPS for the current year.

Insiders Place Their Bets

In other Nuveen Churchill Direct Lending news, Treasurer Shaul Vichness acquired 5,000 shares of the stock in a transaction dated Monday, June 16th. The stock was purchased at an average price of $16.30 per share, with a total value of $81,500.00. Following the transaction, the treasurer directly owned 10,000 shares of the company’s stock, valued at $163,000. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth M. Miranda acquired 3,103 shares of the stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $15.68 per share, with a total value of $48,655.04. Following the transaction, the director directly owned 3,103 shares in the company, valued at approximately $48,655.04. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 27,337 shares of company stock worth $426,945 over the last quarter. Company insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GraniteShares Advisors LLC raised its stake in shares of Nuveen Churchill Direct Lending by 6.7% during the 2nd quarter. GraniteShares Advisors LLC now owns 167,084 shares of the company’s stock valued at $2,705,000 after buying an additional 10,439 shares during the last quarter. Opal Wealth Advisors LLC raised its stake in shares of Nuveen Churchill Direct Lending by 46.3% during the 2nd quarter. Opal Wealth Advisors LLC now owns 498,655 shares of the company’s stock valued at $8,073,000 after buying an additional 157,763 shares during the last quarter. Adams Asset Advisors LLC raised its stake in shares of Nuveen Churchill Direct Lending by 9.4% during the 2nd quarter. Adams Asset Advisors LLC now owns 90,151 shares of the company’s stock valued at $1,460,000 after buying an additional 7,757 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Nuveen Churchill Direct Lending during the 1st quarter valued at about $491,000. Finally, Aprio Wealth Management LLC raised its stake in shares of Nuveen Churchill Direct Lending by 0.8% during the 1st quarter. Aprio Wealth Management LLC now owns 112,471 shares of the company’s stock valued at $1,910,000 after buying an additional 867 shares during the last quarter.

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.