Adams Asset Advisors LLC Takes Position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Adams Asset Advisors LLC purchased a new position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) during the fourth quarter, Holdings Channel reports. The firm purchased 31,012 shares of the company’s stock, valued at approximately $520,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in shares of Nuveen Churchill Direct Lending by 119.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,201 shares of the company’s stock worth $56,000 after buying an additional 1,745 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of Nuveen Churchill Direct Lending in the second quarter worth about $95,000. Catalina Capital Group LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the 3rd quarter valued at approximately $182,000. Dudley Capital Management LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the 3rd quarter valued at approximately $204,000. Finally, Mount Yale Investment Advisors LLC bought a new stake in shares of Nuveen Churchill Direct Lending during the 2nd quarter valued at approximately $257,000.

Nuveen Churchill Direct Lending Price Performance

NYSE:NCDL traded down $0.04 on Monday, hitting $16.28. The company had a trading volume of 224,602 shares, compared to its average volume of 308,809. Nuveen Churchill Direct Lending Corp. has a 52 week low of $16.00 and a 52 week high of $18.10. 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 stock has a market capitalization of $887.03 million and a price-to-earnings ratio of 6.96. The firm has a 50 day moving average of $17.01 and a two-hundred day moving average of $17.28.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Tuesday, January 28th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.10 per share. This represents a dividend yield of 10.5%. The ex-dividend date is Tuesday, December 31st. Nuveen Churchill Direct Lending’s dividend payout ratio (DPR) is 76.92%.

Insider Buying and Selling

In other Nuveen Churchill Direct Lending news, CEO Kenneth J. Kencel bought 20,000 shares of Nuveen Churchill Direct Lending stock in a transaction on Monday, December 2nd. The shares were purchased at an average cost of $17.37 per share, with a total value of $347,400.00. Following the acquisition, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $347,400. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

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.