Corient Private Wealth LLC Sells 139,599 Shares of Nuveen Churchill Direct Lending Corp. $NCDL

Corient Private Wealth LLC lessened its stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 5.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,365,432 shares of the company’s stock after selling 139,599 shares during the quarter. Corient Private Wealth LLC owned 4.79% of Nuveen Churchill Direct Lending worth $38,296,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cresset Asset Management LLC acquired a new position in Nuveen Churchill Direct Lending in the 1st quarter worth $537,000. GW Henssler & Associates Ltd. bought a new stake in shares of Nuveen Churchill Direct Lending in the first quarter valued at about $323,000. Callodine Capital Management LP boosted its position in shares of Nuveen Churchill Direct Lending by 42.7% during the first quarter. Callodine Capital Management LP now owns 500,000 shares of the company’s stock worth $8,490,000 after buying an additional 149,611 shares during the period. Nuveen LLC bought a new position in shares of Nuveen Churchill Direct Lending during the first quarter worth about $8,292,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Nuveen Churchill Direct Lending in the 1st quarter valued at approximately $435,000.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NCDL. UBS Group reduced their price target on Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods decreased their target price 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 lowered shares of Nuveen Churchill Direct Lending from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Wall Street Zen downgraded shares of Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Wells Fargo & Company lowered their target price 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 Wednesday, November 5th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.75.

Nuveen Churchill Direct Lending Price Performance

Shares of NCDL opened at $14.70 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.25. The company’s fifty day simple moving average is $14.32 and its 200 day simple moving average is $15.38. Nuveen Churchill Direct Lending Corp. has a 1-year low of $13.16 and a 1-year high of $18.01. The company has a market cap of $725.79 million, a price-to-earnings ratio of 9.60 and a beta of 0.35.

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

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 27th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 12.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Nuveen Churchill Direct Lending’s payout ratio is 117.65%.

Insider Buying and Selling at Nuveen Churchill Direct Lending

In other Nuveen Churchill Direct Lending news, Treasurer Shaul Vichness acquired 5,000 shares of the company’s stock in a transaction on Monday, November 17th. The shares were purchased at an average price of $14.20 per share, for a total transaction of $71,000.00. Following the completion of the purchase, the treasurer directly owned 20,000 shares of the company’s stock, valued at approximately $284,000. This represents a 33.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kenneth J. Kencel purchased 20,000 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were 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 approximately $684,223.74. The trade was a 71.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 27,000 shares of company stock worth $383,600 over the last 90 days. Company insiders own 0.62% of the company’s stock.

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.