Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Short Interest Up 33.4% in March

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 202,600 shares, an increase of 33.4% from the March 15th total of 151,900 shares. Based on an average daily trading volume, of 296,400 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Several hedge funds have recently made changes to their positions in the company. Merit Financial Group LLC raised its holdings in shares of Nuveen Churchill Direct Lending by 0.8% in the first quarter. Merit Financial Group LLC now owns 84,467 shares of the company’s stock valued at $1,434,000 after acquiring an additional 695 shares in the last quarter. Dover Advisors LLC lifted its position in shares of Nuveen Churchill Direct Lending by 6.5% in the 1st quarter. Dover Advisors LLC now owns 16,500 shares of the company’s stock worth $289,000 after purchasing an additional 1,000 shares during the period. Bellevue Asset Management LLC bought a new position in shares of Nuveen Churchill Direct Lending during the fourth quarter valued at approximately $28,000. Farther Finance Advisors LLC increased its holdings in Nuveen Churchill Direct Lending by 72.2% during the fourth quarter. Farther Finance Advisors LLC now owns 5,512 shares of the company’s stock valued at $92,000 after buying an additional 2,311 shares during the period. Finally, Catalina Capital Group LLC raised its stake in Nuveen Churchill Direct Lending by 26.2% in the fourth quarter. Catalina Capital Group LLC now owns 13,184 shares of the company’s stock worth $221,000 after buying an additional 2,735 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NCDL. UBS Group lowered their price target on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a “neutral” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods lowered their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th.

Nuveen Churchill Direct Lending Stock Up 1.2 %

NYSE:NCDL opened at $15.15 on Monday. The stock has a fifty day simple moving average of $16.74 and a 200-day simple moving average of $16.95. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.10. The company has a market cap of $775.99 million, a price-to-earnings ratio of 6.47 and a beta of 0.37. Nuveen Churchill Direct Lending has a twelve month low of $14.21 and a twelve month high of $18.05.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, March 31st. This represents a yield of 10.3%. Nuveen Churchill Direct Lending’s payout ratio is currently 83.72%.

Nuveen Churchill Direct Lending Company Profile

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.