Nuveen Churchill Direct Lending (NYSE:NCDL) Downgraded by Wall Street Zen to Sell

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

Other equities analysts also recently issued research reports about the company. Keefe, Bruyette & Woods decreased their target price on Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating on the stock in a research report on Wednesday. UBS Group decreased their price objective on Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Finally, Wells Fargo & Company lowered their target price on shares of Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.75.

Nuveen Churchill Direct Lending Stock Up 0.9%

NCDL stock opened at $14.26 on Friday. Nuveen Churchill Direct Lending has a 52 week low of $13.16 and a 52 week high of $18.01. The company has a quick ratio of 1.13, a current ratio of 1.65 and a debt-to-equity ratio of 1.25. The firm has a 50-day simple moving average of $14.53 and a 200-day simple moving average of $15.61. The stock has a market capitalization of $704.10 million, a P/E ratio of 9.32 and a beta of 0.38.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03). Nuveen Churchill Direct Lending had a return on equity of 11.13% and a net margin of 36.83%.The firm had revenue of $51.11 million during the quarter, compared to analyst estimates of $52.00 million. Equities analysts forecast that Nuveen Churchill Direct Lending will post 2.28 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Kenneth J. Kencel bought 20,000 shares of Nuveen Churchill Direct Lending stock in a transaction on Thursday, November 6th. The shares were bought at an average cost of $14.22 per share, with a total value of $284,400.00. Following the completion of the purchase, the chief executive officer directly owned 48,117 shares of the company’s stock, valued at approximately $684,223.74. This trade represents a 71.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Treasurer Shaul Vichness bought 5,000 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was purchased at an average price of $14.85 per share, for a total transaction of $74,250.00. Following the completion of the acquisition, the treasurer directly owned 15,000 shares in the company, valued at $222,750. The trade was a 50.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.62% of the company’s stock.

Institutional Trading of Nuveen Churchill Direct Lending

Several institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in Nuveen Churchill Direct Lending by 33.0% in the second quarter. NewEdge Advisors LLC now owns 4,511 shares of the company’s stock valued at $73,000 after acquiring an additional 1,118 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Nuveen Churchill Direct Lending in the third quarter valued at $85,000. State of Wyoming purchased a new stake in Nuveen Churchill Direct Lending in the second quarter valued at $108,000. Graybill Wealth Management LTD. acquired a new position in shares of Nuveen Churchill Direct Lending in the 1st quarter valued at $115,000. Finally, Quantbot Technologies LP purchased a new position in shares of Nuveen Churchill Direct Lending during the 2nd quarter worth $152,000.

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.