Keefe, Bruyette & Woods Has Lowered Expectations for Nuveen Churchill Direct Lending (NYSE:NCDL) Stock Price

Nuveen Churchill Direct Lending (NYSE:NCDL) had its price target lowered by Keefe, Bruyette & Woods from $18.00 to $17.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 11.55% from the company’s current price.

Nuveen Churchill Direct Lending Price Performance

Shares of NYSE NCDL opened at $15.24 on Tuesday. The firm has a market cap of $791.98 million, a P/E ratio of 6.51 and a beta of 0.37. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.10. Nuveen Churchill Direct Lending has a 1-year low of $14.32 and a 1-year high of $18.05. The business’s 50 day moving average is $17.08 and its 200-day moving average is $17.08.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Several hedge funds and other institutional investors have recently modified their holdings of NCDL. Sunbelt Securities Inc. increased its stake in shares of Nuveen Churchill Direct Lending by 36.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,496 shares of the company’s stock valued at $131,000 after purchasing an additional 2,009 shares during the last quarter. World Investment Advisors LLC acquired a new position in Nuveen Churchill Direct Lending during the 3rd quarter worth about $328,000. JPMorgan Chase & Co. lifted its holdings in Nuveen Churchill Direct Lending by 1,045,043.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,703 shares of the company’s stock worth $6,736,000 after buying an additional 386,666 shares during the period. Aprio Wealth Management LLC lifted its holdings in Nuveen Churchill Direct Lending by 104.1% during the 4th quarter. Aprio Wealth Management LLC now owns 111,604 shares of the company’s stock worth $1,873,000 after buying an additional 56,916 shares during the period. Finally, Adams Asset Advisors LLC acquired a new position in Nuveen Churchill Direct Lending during the 4th quarter worth about $520,000.

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.