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

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

A number of other research analysts also recently weighed in on NCDL. Zacks Research upgraded Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Keefe, Bruyette & Woods decreased their price objective on 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. Finally, Wells Fargo & Company dropped 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 report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nuveen Churchill Direct Lending has a consensus rating of “Hold” and a consensus target price of $15.75.

Nuveen Churchill Direct Lending Trading Down 0.0%

Nuveen Churchill Direct Lending stock opened at $14.11 on Friday. Nuveen Churchill Direct Lending has a 52 week low of $12.95 and a 52 week high of $18.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.65 and a current ratio of 1.65. The firm has a market capitalization of $697.04 million, a price-to-earnings ratio of 9.22 and a beta of 0.40. The company has a 50 day moving average price of $13.78 and a 200 day moving average price of $14.52.

Insider Buying and Selling

In other news, Treasurer Shaul Vichness purchased 5,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were bought at an average price of $14.20 per share, with a total value of $71,000.00. Following the completion of the transaction, the treasurer directly owned 20,000 shares in the company, valued at $284,000. This trade represents a 33.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth M. Miranda acquired 2,000 shares of Nuveen Churchill Direct Lending stock in a transaction dated Wednesday, November 19th. The stock was purchased at an average price of $14.10 per share, with a total value of $28,200.00. Following the completion of the purchase, the director directly owned 27,000 shares of the company’s stock, valued at $380,700. The trade was a 8.00% increase in their position. The SEC filing for this purchase provides additional information. 0.62% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S lifted its position in Nuveen Churchill Direct Lending by 2.7% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,149 shares of the company’s stock worth $375,000 after acquiring an additional 723 shares during the last quarter. Aprio Wealth Management LLC increased its position in Nuveen Churchill Direct Lending by 0.7% during the third quarter. Aprio Wealth Management LLC now owns 114,174 shares of the company’s stock worth $1,576,000 after acquiring an additional 742 shares during the period. Modera Wealth Management LLC raised its stake in Nuveen Churchill Direct Lending by 4.3% during the 3rd quarter. Modera Wealth Management LLC now owns 18,283 shares of the company’s stock valued at $252,000 after purchasing an additional 760 shares during the last quarter. State of Wyoming raised its stake in Nuveen Churchill Direct Lending by 16.4% during the 3rd 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 last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Nuveen Churchill Direct Lending by 33.0% in the 2nd quarter. NewEdge Advisors LLC now owns 4,511 shares of the company’s stock valued at $73,000 after purchasing an additional 1,118 shares during the period.

About Nuveen Churchill Direct Lending

Nuveen Churchill Direct Lending (NYSE:NCDL) is a closed-end management investment company that seeks to provide shareholders with attractive risk-adjusted returns through a diversified portfolio of direct lending instruments. Established in early 2022, NCDL focuses on privately negotiated debt investments in middle-market companies, primarily within the United States. The fund offers investors access to a segment of the credit markets that has historically been less correlated with public debt markets, aiming to capture yield premiums associated with private lending.

The fund’s investment strategy centers on senior secured loans, unitranche financings and selectively structured mezzanine debt.