Nuveen Churchill Direct Lending (NYSE:NCDL) VP John Mccally Purchases 7,500 Shares of Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) VP John Mccally bought 7,500 shares of Nuveen Churchill Direct Lending stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $13.27 per share, for a total transaction of $99,525.00. Following the completion of the transaction, the vice president directly owned 15,245 shares in the company, valued at approximately $202,301.15. This trade represents a 96.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Nuveen Churchill Direct Lending Price Performance

Shares of Nuveen Churchill Direct Lending stock opened at $12.28 on Thursday. Nuveen Churchill Direct Lending Corp. has a 1 year low of $11.97 and a 1 year high of $17.27. The firm has a market cap of $606.26 million, a price-to-earnings ratio of 10.23 and a beta of 0.50. The company has a 50-day moving average of $13.30 and a 200 day moving average of $13.48.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Nuveen Churchill Direct Lending had a return on equity of 9.80% and a net margin of 29.56%.The business had revenue of $17.15 million for the quarter, compared to the consensus estimate of $47.79 million. On average, equities analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 1.6 EPS for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, June 30th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.44 annualized dividend and a dividend yield of 11.7%. Nuveen Churchill Direct Lending’s dividend payout ratio is presently 120.00%.

Institutional Trading of Nuveen Churchill Direct Lending

Several institutional investors have recently added to or reduced their stakes in NCDL. Aprio Wealth Management LLC raised its stake in shares of Nuveen Churchill Direct Lending by 0.7% in the third quarter. Aprio Wealth Management LLC now owns 114,174 shares of the company’s stock worth $1,576,000 after purchasing an additional 742 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Nuveen Churchill Direct Lending by 3.2% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 26,426 shares of the company’s stock valued at $428,000 after buying an additional 807 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Nuveen Churchill Direct Lending by 33.0% during the second quarter. NewEdge Advisors LLC now owns 4,511 shares of the company’s stock valued at $73,000 after buying an additional 1,118 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Nuveen Churchill Direct Lending by 190.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,400 shares of the company’s stock worth $33,000 after buying an additional 1,573 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Nuveen Churchill Direct Lending by 11.4% in the 2nd quarter. Sei Investments Co. now owns 18,678 shares of the company’s stock worth $302,000 after buying an additional 1,918 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NCDL shares. UBS Group lowered their price objective on Nuveen Churchill Direct Lending from $15.50 to $14.75 and set a “neutral” rating for the company in a research note on Monday, May 18th. Truist Financial lowered their price target on Nuveen Churchill Direct Lending from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Wall Street Zen cut shares of Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Zacks Research downgraded shares of Nuveen Churchill Direct Lending from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Nuveen Churchill Direct Lending from $16.00 to $15.00 and set a “market perform” rating for the company in a research note on Friday, February 27th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $14.44.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending (NYSE:NCDL) is a closed-end management investment company that seeks to provide shareholders with attractive risk-adjusted returns through a diversified portfolio of direct lending instruments. Established in early 2022, NCDL focuses on privately negotiated debt investments in middle-market companies, primarily within the United States. The fund offers investors access to a segment of the credit markets that has historically been less correlated with public debt markets, aiming to capture yield premiums associated with private lending.

The fund’s investment strategy centers on senior secured loans, unitranche financings and selectively structured mezzanine debt.