Nuveen Churchill Direct Lending (NCDL) Projected to Post Earnings on Thursday

Nuveen Churchill Direct Lending (NYSE:NCDL) is expected to issue its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of $0.43 per share for the quarter.

Nuveen Churchill Direct Lending Price Performance

Shares of NYSE:NCDL opened at $14.06 on Thursday. The company’s fifty day moving average is $13.74 and its two-hundred day moving average is $14.46. The company has a market cap of $694.23 million, a P/E ratio of 9.19 and a beta of 0.40. Nuveen Churchill Direct Lending has a 12-month low of $12.95 and a 12-month high of $18.01. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.25.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its position in Nuveen Churchill Direct Lending by 190.2% in the third quarter. BNP Paribas Financial Markets now owns 2,400 shares of the company’s stock worth $33,000 after acquiring an additional 1,573 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the 3rd quarter valued at $38,000. NewEdge Advisors LLC boosted 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 worth $73,000 after purchasing an additional 1,118 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in Nuveen Churchill Direct Lending in the third quarter worth $80,000. Finally, State of Wyoming acquired a new position in Nuveen Churchill Direct Lending during the second quarter worth $108,000.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NCDL shares. Zacks Research raised Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Wall Street Zen downgraded Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Wells Fargo & Company reduced their price target on shares of Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of 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, November 5th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.75.

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.