Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Receives Average Rating of “Hold” from Analysts

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) have been given a consensus rating of “Hold” by the five research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $15.75.

Several analysts have issued reports on NCDL shares. Keefe, Bruyette & Woods reduced their price target on shares of Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Wall Street Zen downgraded Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a research report on Saturday. Wells Fargo & Company lowered their target price on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Zacks Research cut Nuveen Churchill Direct Lending from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, UBS Group cut their target price on shares of Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th.

Insider Activity at Nuveen Churchill Direct Lending

In other Nuveen Churchill Direct Lending news, Treasurer Shaul Vichness purchased 5,000 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was bought at an average cost of $14.85 per share, for a total transaction of $74,250.00. Following the acquisition, the treasurer owned 15,000 shares of the company’s stock, valued at approximately $222,750. The trade was a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kenneth J. Kencel acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were acquired at an average price of $14.22 per share, for a total transaction of $284,400.00. Following the acquisition, the chief executive officer directly owned 48,117 shares of the company’s stock, valued at approximately $684,223.74. The trade was a 71.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC increased its position in Nuveen Churchill Direct Lending by 5.4% during the third quarter. Opal Wealth Advisors LLC now owns 525,520 shares of the company’s stock worth $7,252,000 after purchasing an additional 26,865 shares during the last quarter. Callodine Capital Management LP boosted its holdings in Nuveen Churchill Direct Lending by 5.0% in the second quarter. Callodine Capital Management LP now owns 525,000 shares of the company’s stock valued at $8,500,000 after acquiring an additional 25,000 shares during the last quarter. Nuveen LLC purchased a new stake in Nuveen Churchill Direct Lending during the first quarter valued at about $8,292,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen Churchill Direct Lending by 13.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 418,571 shares of the company’s stock worth $5,776,000 after purchasing an additional 50,507 shares during the period. Finally, GraniteShares Advisors LLC lifted its stake in shares of Nuveen Churchill Direct Lending by 9.7% in the 3rd quarter. GraniteShares Advisors LLC now owns 183,217 shares of the company’s stock valued at $2,528,000 after purchasing an additional 16,133 shares in the last quarter.

Nuveen Churchill Direct Lending Stock Performance

Shares of NCDL stock opened at $14.34 on Wednesday. Nuveen Churchill Direct Lending has a 1 year low of $13.16 and a 1 year high of $18.01. The stock has a market cap of $707.96 million, a PE ratio of 9.37 and a beta of 0.38. The stock has a fifty day moving average price of $14.47 and a 200 day moving average price of $15.58. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.65 and a current ratio of 1.65.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). The business had revenue of $51.11 million during the quarter, compared to analysts’ expectations 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 forecast that Nuveen Churchill Direct Lending will post 2.28 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 27th. Investors of record on Wednesday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 12.6%. Nuveen Churchill Direct Lending’s dividend payout ratio (DPR) is 117.65%.

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.