Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Given Average Rating of “Hold” by Brokerages

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) has been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $15.75.

Several equities research analysts recently issued reports on NCDL shares. UBS Group reduced their target price on shares of Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Keefe, Bruyette & Woods dropped their price target on shares of Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Zacks Research cut shares of Nuveen Churchill Direct Lending from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Wells Fargo & Company decreased their price objective 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 report on Wednesday, November 5th. Finally, Wall Street Zen downgraded shares of Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a report on Saturday, November 8th.

Nuveen Churchill Direct Lending Price Performance

NYSE NCDL opened at $14.82 on Friday. The stock has a market capitalization of $732.16 million, a price-to-earnings ratio of 9.69 and a beta of 0.35. Nuveen Churchill Direct Lending has a 1-year low of $13.16 and a 1-year high of $18.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.65 and a quick ratio of 1.65. The business’s fifty day moving average price is $14.21 and its 200-day moving average price is $15.44.

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 analysts’ consensus estimates of $0.46 by ($0.03). The business had revenue of $51.11 million during the quarter, compared to analysts’ expectations of $52.00 million. Nuveen Churchill Direct Lending had a return on equity of 11.13% and a net margin of 36.83%. On average, equities analysts predict that Nuveen Churchill Direct Lending will post 2.28 earnings per share for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 27th. Investors of record on Wednesday, December 31st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 12.1%. Nuveen Churchill Direct Lending’s payout ratio is currently 117.65%.

Insiders Place Their Bets

In related news, CEO Kenneth J. Kencel acquired 20,000 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was acquired at an average cost of $14.22 per share, with a total value of $284,400.00. Following the acquisition, the chief executive officer directly owned 48,117 shares in the company, valued at $684,223.74. This represents a 71.13% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Treasurer Shaul Vichness bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were bought at an average price of $14.85 per share, with a total value of $74,250.00. Following the transaction, the treasurer owned 15,000 shares of the company’s stock, valued at $222,750. The trade was a 50.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 32,000 shares of company stock worth $457,850 in the last three months. 0.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

A number of hedge funds have recently bought and sold shares of NCDL. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Nuveen Churchill Direct Lending by 2.7% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,149 shares of the company’s stock valued at $375,000 after buying an additional 723 shares during the last quarter. Aprio Wealth Management LLC increased its stake in Nuveen Churchill Direct Lending by 0.7% in the third quarter. Aprio Wealth Management LLC now owns 114,174 shares of the company’s stock worth $1,576,000 after purchasing an additional 742 shares during the period. Modera Wealth Management LLC lifted its position in shares of Nuveen Churchill Direct Lending by 4.3% during the third quarter. Modera Wealth Management LLC now owns 18,283 shares of the company’s stock worth $252,000 after purchasing an additional 760 shares during the last quarter. Entropy Technologies LP boosted its stake in shares of Nuveen Churchill Direct Lending by 6.8% during the first quarter. Entropy Technologies LP now owns 12,025 shares of the company’s stock valued at $204,000 after purchasing an additional 761 shares during the period. Finally, State of Wyoming boosted its stake in shares of Nuveen Churchill Direct Lending by 16.4% during the third quarter. State of Wyoming now owns 7,739 shares of the company’s stock valued at $107,000 after purchasing an additional 1,090 shares during the period.

About Nuveen Churchill Direct Lending

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.