Insider Buying: Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Director Acquires $47,760.00 in Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Director Mat Linett acquired 3,000 shares of Nuveen Churchill Direct Lending stock in a transaction dated Wednesday, May 21st. The shares were acquired at an average price of $15.92 per share, with a total value of $47,760.00. Following the completion of the acquisition, the director now directly owns 8,365 shares of the company’s stock, valued at approximately $133,170.80. The trade was a 55.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Nuveen Churchill Direct Lending Stock Up 0.7%

NCDL opened at $16.20 on Friday. 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 company’s 50-day moving average is $15.61 and its 200 day moving average is $16.61. Nuveen Churchill Direct Lending Corp. has a fifty-two week low of $14.21 and a fifty-two week high of $18.01. The firm has a market capitalization of $814.55 million, a P/E ratio of 6.92 and a beta of 0.47.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.53 earnings per share 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 firm had revenue of $53.59 million for the quarter, compared to the consensus estimate of $56.01 million. Research analysts expect that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, June 30th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 11.11%. The ex-dividend date is Monday, June 30th. Nuveen Churchill Direct Lending’s dividend payout ratio is 96.26%.

Institutional Trading of Nuveen Churchill Direct Lending

Several hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC raised its position in Nuveen Churchill Direct Lending by 9.5% in the fourth quarter. Corient Private Wealth LLC now owns 2,712,348 shares of the company’s stock worth $45,513,000 after acquiring an additional 234,395 shares during the period. JPMorgan Chase & Co. raised its position in Nuveen Churchill Direct Lending by 94.3% in the fourth quarter. JPMorgan Chase & Co. now owns 751,442 shares of the company’s stock worth $12,609,000 after acquiring an additional 364,739 shares during the period. Callodine Capital Management LP raised its position in Nuveen Churchill Direct Lending by 42.7% in the first quarter. Callodine Capital Management LP now owns 500,000 shares of the company’s stock worth $8,490,000 after acquiring an additional 149,611 shares during the period. Nuveen LLC bought a new stake in Nuveen Churchill Direct Lending in the first quarter worth about $8,292,000. Finally, Millennium Management LLC raised its position in Nuveen Churchill Direct Lending by 361.6% in the fourth quarter. Millennium Management LLC now owns 437,992 shares of the company’s stock worth $7,350,000 after acquiring an additional 343,113 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NCDL shares. UBS Group reduced their price objective on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a “neutral” rating for the company in a report on Thursday, April 17th. Keefe, Bruyette & Woods dropped their price target 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 report on Tuesday, April 8th. Finally, Wells Fargo & Company dropped their price target on shares of 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, May 13th.

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.