Brokerages Set Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Price Target at $15.75

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) has earned a consensus rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $15.75.

Several analysts have issued reports on NCDL shares. Zacks Research upgraded shares of Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Wells Fargo & Company reduced their target price 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 note on Wednesday, November 5th. Keefe, Bruyette & Woods decreased their target price on 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. Finally, Wall Street Zen raised Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a report on Sunday.

Nuveen Churchill Direct Lending Stock Up 0.9%

NCDL opened at $13.83 on Friday. The business has a 50 day moving average of $13.71 and a 200-day moving average of $14.42. The stock has a market capitalization of $682.82 million, a price-to-earnings ratio of 9.04 and a beta of 0.40. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.25. Nuveen Churchill Direct Lending has a 1-year low of $12.95 and a 1-year high of $18.01.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NCDL. BNP Paribas Financial Markets grew its position in Nuveen Churchill Direct Lending by 190.2% during the 3rd 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 during the last quarter. Advisory Services Network LLC acquired a new position in Nuveen Churchill Direct Lending in the third quarter worth $38,000. NewEdge Advisors LLC grew its holdings in shares of Nuveen Churchill Direct Lending by 33.0% during 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 during the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the third quarter valued at $80,000. Finally, Global Retirement Partners LLC bought a new position in shares of Nuveen Churchill Direct Lending in the third quarter valued at about $85,000.

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.