Nuveen Churchill Direct Lending (NYSE:NCDL) Raised to Hold at Wall Street Zen

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

A number of other research analysts have also weighed in on the company. 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 lowered their price target 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 price objective on 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, November 5th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.75.

Nuveen Churchill Direct Lending Trading Up 0.9%

NCDL opened at $13.83 on Friday. Nuveen Churchill Direct Lending has a fifty-two week low of $12.95 and a fifty-two week high of $18.01. The firm has a market capitalization of $682.82 million, a PE ratio of 9.04 and a beta of 0.40. 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 company’s 50-day moving average is $13.71 and its 200 day moving average is $14.43.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

A number of institutional investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. lifted its holdings in Nuveen Churchill Direct Lending by 13.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 418,571 shares of the company’s stock valued at $5,776,000 after acquiring an additional 50,507 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Nuveen Churchill Direct Lending in the second quarter valued at $773,000. Y Intercept Hong Kong Ltd raised its position in Nuveen Churchill Direct Lending by 100.0% in the second quarter. Y Intercept Hong Kong Ltd now owns 32,820 shares of the company’s stock valued at $531,000 after purchasing an additional 16,408 shares during the period. Atlatl Advisers LLC acquired a new position in shares of Nuveen Churchill Direct Lending in the 2nd quarter valued at $173,000. Finally, MQS Management LLC purchased a new position in shares of Nuveen Churchill Direct Lending during the 3rd quarter worth $604,000.

Nuveen Churchill Direct Lending Company Profile

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.