Nuveen LLC Invests $8.29 Million in Nuveen Churchill Direct Lending Corp. $NCDL

Nuveen LLC purchased a new position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 488,341 shares of the company’s stock, valued at approximately $8,292,000. Nuveen LLC owned about 0.95% of Nuveen Churchill Direct Lending at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of NCDL. LPL Financial LLC purchased a new position in shares of Nuveen Churchill Direct Lending in the fourth quarter worth $345,000. XTX Topco Ltd purchased a new position in shares of Nuveen Churchill Direct Lending in the fourth quarter worth $205,000. NewEdge Advisors LLC raised its stake 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 worth $55,000 after purchasing an additional 2,877 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Nuveen Churchill Direct Lending in the fourth quarter worth $48,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Nuveen Churchill Direct Lending in the fourth quarter worth $228,000.

Insider Transactions at Nuveen Churchill Direct Lending

In related news, Treasurer Shaul Vichness purchased 5,000 shares of the business’s stock in a transaction on Monday, June 16th. The stock was acquired at an average price of $16.30 per share, with a total value of $81,500.00. Following the completion of the acquisition, the treasurer 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Nuveen Churchill Direct Lending Stock Up 0.7%

Nuveen Churchill Direct Lending stock opened at $16.00 on Friday. The stock has a market cap of $790.24 million, a PE ratio of 8.79 and a beta of 0.48. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.13 and a current ratio of 1.13. Nuveen Churchill Direct Lending Corp. has a one year low of $14.21 and a one year high of $18.01. The stock has a fifty day moving average of $16.47 and a 200 day moving average of $16.41.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.46 EPS 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 company had revenue of $53.13 million during the quarter, compared to analysts’ expectations of $54.41 million. As a group, sell-side analysts predict that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 28th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Nuveen Churchill Direct Lending’s payout ratio is currently 98.90%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NCDL shares. Wall Street Zen upgraded Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. UBS Group upped their price objective on Nuveen Churchill Direct Lending from $16.50 to $17.50 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Wells Fargo & Company reduced their price objective on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 13th. Finally, JMP Securities reduced their price objective on Nuveen Churchill Direct Lending from $18.50 to $18.00 and set a “market outperform” rating for the company in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $16.63.

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.