Insider Buying: Nuveen Churchill Direct Lending (NYSE:NCDL) Treasurer Purchases 5,000 Shares of Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Treasurer Shaul Vichness bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average cost of $14.20 per share, for a total transaction of $71,000.00. Following the acquisition, the treasurer directly owned 20,000 shares of the company’s stock, valued at $284,000. The trade was a 33.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shaul Vichness also recently made the following trade(s):

• On Tuesday, September 16th, Shaul Vichness purchased 5,000 shares of Nuveen Churchill Direct Lending stock. The shares were acquired at an average cost of $14.85 per share, with a total value of $74,250.00.

Nuveen Churchill Direct Lending Stock Down 1.9%

Shares of NYSE:NCDL traded down $0.28 on Monday, hitting $14.12. 185,291 shares of the company’s stock were exchanged, compared to its average volume of 240,988. Nuveen Churchill Direct Lending Corp. has a 1-year low of $13.16 and a 1-year high of $18.01. The company has a market capitalization of $697.58 million, a PE ratio of 9.23 and a beta of 0.37. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.65 and a current ratio of 1.65. The firm’s 50-day moving average is $14.38 and its 200 day moving average is $15.56.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its earnings results on Tuesday, November 4th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.03). The business had revenue of $51.11 million for the quarter, compared to analyst estimates of $52.00 million. Nuveen Churchill Direct Lending had a return on equity of 11.13% and a net margin of 36.83%. Sell-side analysts predict that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 27th. Stockholders of record on Wednesday, December 31st will be issued a $0.45 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 12.7%. Nuveen Churchill Direct Lending’s dividend payout ratio is presently 117.65%.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Several institutional investors have recently added to or reduced their stakes in the stock. BI Asset Management Fondsmaeglerselskab A S raised its stake in Nuveen Churchill Direct Lending by 2.7% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,149 shares of the company’s stock valued at $375,000 after acquiring an additional 723 shares during the last quarter. Aprio Wealth Management LLC grew its stake in shares of Nuveen Churchill Direct Lending by 0.7% in the 3rd quarter. Aprio Wealth Management LLC now owns 114,174 shares of the company’s stock valued at $1,576,000 after purchasing an additional 742 shares during the last quarter. Modera Wealth Management LLC increased its holdings in shares of Nuveen Churchill Direct Lending by 4.3% in the third quarter. Modera Wealth Management LLC now owns 18,283 shares of the company’s stock valued at $252,000 after purchasing an additional 760 shares during the period. Entropy Technologies LP raised its stake in shares of Nuveen Churchill Direct Lending by 6.8% during the first quarter. Entropy Technologies LP now owns 12,025 shares of the company’s stock worth $204,000 after purchasing an additional 761 shares during the last quarter. Finally, State of Wyoming lifted its holdings in shares of Nuveen Churchill Direct Lending by 16.4% during the third quarter. State of Wyoming now owns 7,739 shares of the company’s stock worth $107,000 after purchasing an additional 1,090 shares during the period.

Analysts Set New Price Targets

NCDL has been the topic of several research analyst reports. UBS Group cut their price target on shares of Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Wall Street Zen lowered Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Zacks Research downgraded Nuveen Churchill Direct Lending from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Keefe, Bruyette & Woods decreased their target price on Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Finally, Wells Fargo & Company cut 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 Wednesday, November 5th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.75.

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.