Kenneth J. Kencel Acquires 16,234 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) CEO Kenneth J. Kencel purchased 16,234 shares of Nuveen Churchill Direct Lending stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $15.34 per share, for a total transaction of $249,029.56. Following the transaction, the chief executive officer now directly owns 28,117 shares in the company, valued at $431,314.78. This represents a 136.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Nuveen Churchill Direct Lending Price Performance

NCDL stock opened at $15.46 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $791.81 million, a P/E ratio of 6.61 and a beta of 0.45. The business’s 50-day moving average is $16.05 and its two-hundred day moving average is $16.74. Nuveen Churchill Direct Lending Corp. has a 1 year low of $14.21 and a 1 year high of $18.05.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.04). Nuveen Churchill Direct Lending had a net margin of 53.56% and a return on equity of 12.72%. The business had revenue of $53.59 million during the quarter, compared to analysts’ expectations of $56.01 million. Analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, June 30th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.64%. Nuveen Churchill Direct Lending’s payout ratio is currently 96.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NCDL shares. Wells Fargo & Company reduced their price target on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods reduced their price target on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group reduced their price target on Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a “neutral” rating on the stock in a research report on Thursday, April 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NCDL. Nuveen LLC purchased a new position in shares of Nuveen Churchill Direct Lending in the 1st quarter valued at about $8,292,000. JPMorgan Chase & Co. increased its holdings in shares of Nuveen Churchill Direct Lending by 1,045,043.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,703 shares of the company’s stock valued at $6,736,000 after acquiring an additional 386,666 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Nuveen Churchill Direct Lending by 361.6% in the 4th quarter. Millennium Management LLC now owns 437,992 shares of the company’s stock valued at $7,350,000 after acquiring an additional 343,113 shares during the last quarter. Ieq Capital LLC purchased a new position in shares of Nuveen Churchill Direct Lending in the 4th quarter valued at about $4,798,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Nuveen Churchill Direct Lending by 364.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 342,773 shares of the company’s stock worth $5,820,000 after buying an additional 268,968 shares during the last quarter.

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.