XTX Topco Ltd Grows Holdings in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

XTX Topco Ltd raised its position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 48.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,125 shares of the company’s stock after purchasing an additional 5,880 shares during the period. XTX Topco Ltd’s holdings in Nuveen Churchill Direct Lending were worth $308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NCDL. Tower Research Capital LLC TRC purchased a new position in shares of Nuveen Churchill Direct Lending during the 4th quarter worth about $48,000. NewEdge Advisors LLC increased its position in Nuveen Churchill Direct Lending by 680.1% during the 4th quarter. NewEdge Advisors LLC now owns 3,300 shares of the company’s stock worth $55,000 after purchasing an additional 2,877 shares in the last quarter. Graybill Wealth Management LTD. acquired a new stake in Nuveen Churchill Direct Lending during the 1st quarter worth approximately $115,000. Two Sigma Advisers LP acquired a new stake in Nuveen Churchill Direct Lending during the 4th quarter worth approximately $186,000. Finally, Virtus ETF Advisers LLC increased its position in Nuveen Churchill Direct Lending by 67.3% during the 4th quarter. Virtus ETF Advisers LLC now owns 12,947 shares of the company’s stock worth $217,000 after purchasing an additional 5,210 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NCDL. Wall Street Zen raised shares of Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Wells Fargo & Company lowered their price target on shares of Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, May 13th. UBS Group raised their price target on shares of Nuveen Churchill Direct Lending from $16.50 to $17.50 and gave the company a “neutral” rating in a report on Wednesday, July 16th. Finally, JMP Securities lowered their price target on shares of Nuveen Churchill Direct Lending from $18.50 to $18.00 and set a “market outperform” rating for the company in a report on Tuesday, June 24th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.63.

Insider Activity at Nuveen Churchill Direct Lending

In other news, Director Mat Linett purchased 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average price of $15.92 per share, for a total transaction of $47,760.00. Following the completion of the acquisition, the director directly owned 8,365 shares in the company, valued at approximately $133,170.80. The trade was a 55.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer Shaul Vichness bought 5,000 shares of the business’s stock in a transaction on Monday, June 16th. The stock was bought at an average cost of $16.30 per share, for a total transaction of $81,500.00. Following the purchase, the treasurer directly owned 10,000 shares of the company’s stock, valued at approximately $163,000. This trade represents a 100.00% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 11,103 shares of company stock worth $177,915 over the last 90 days. Insiders own 0.62% of the company’s stock.

Nuveen Churchill Direct Lending Stock Performance

NCDL opened at $16.22 on Monday. The stock has a market cap of $801.16 million, a PE ratio of 8.91 and a beta of 0.48. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.26. Nuveen Churchill Direct Lending Corp. has a 1 year low of $14.21 and a 1 year high of $18.01. The stock’s 50 day simple moving average is $16.49 and its 200-day simple moving average is $16.48.

Nuveen Churchill Direct Lending (NYSE:NCDL) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. Nuveen Churchill Direct Lending had a return on equity of 11.88% and a net margin of 43.35%. The firm had revenue of $53.13 million for the quarter, compared to analysts’ expectations of $54.41 million. Sell-side analysts forecast that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 28th. Investors of record on Tuesday, September 30th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.80 annualized dividend and a yield of 11.1%. Nuveen Churchill Direct Lending’s dividend payout ratio (DPR) is currently 98.90%.

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.