Nuveen Churchill Direct Lending Corp. $NCDL Shares Bought by NewEdge Wealth LLC

NewEdge Wealth LLC grew its holdings in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 199.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,776 shares of the company’s stock after buying an additional 59,777 shares during the period. NewEdge Wealth LLC owned 0.18% of Nuveen Churchill Direct Lending worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. BNP Paribas Financial Markets lifted its stake in Nuveen Churchill Direct Lending by 190.2% during the third quarter. BNP Paribas Financial Markets now owns 2,400 shares of the company’s stock worth $33,000 after purchasing an additional 1,573 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Nuveen Churchill Direct Lending during the third quarter worth approximately $38,000. NewEdge Advisors LLC raised its holdings in Nuveen Churchill Direct Lending by 33.0% during the second quarter. NewEdge Advisors LLC now owns 4,511 shares of the company’s stock worth $73,000 after purchasing an additional 1,118 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Nuveen Churchill Direct Lending during the 3rd quarter worth approximately $80,000. Finally, State of Wyoming acquired a new position in shares of Nuveen Churchill Direct Lending in the 2nd quarter valued at $108,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Nuveen Churchill Direct Lending from $15.50 to $14.75 and set a “neutral” rating for the company in a research report on Monday, May 18th. Zacks Research upgraded Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Wall Street Zen raised Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Wells Fargo & Company lowered Nuveen Churchill Direct Lending from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $13.00 to $12.00 in a research report on Friday, June 12th. 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.44.

Nuveen Churchill Direct Lending Trading Up 0.1%

Nuveen Churchill Direct Lending stock opened at $12.14 on Monday. The stock has a 50 day moving average of $12.69 and a two-hundred day moving average of $13.25. Nuveen Churchill Direct Lending Corp. has a twelve month low of $11.97 and a twelve month high of $17.11. The stock has a market capitalization of $599.84 million, a price-to-earnings ratio of 10.12 and a beta of 0.51.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its earnings results on Thursday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Nuveen Churchill Direct Lending had a net margin of 29.56% and a return on equity of 9.80%. The company had revenue of $17.15 million during the quarter, compared to analyst estimates of $47.79 million. Equities analysts predict that Nuveen Churchill Direct Lending Corp. will post 1.6 earnings per share for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, June 30th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 11.9%. The ex-dividend date is Tuesday, June 30th. Nuveen Churchill Direct Lending’s dividend payout ratio (DPR) is 120.00%.

Insider Activity

In other news, CAO Marissa Hassen purchased 3,782 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average cost of $13.21 per share, for a total transaction of $49,960.22. Following the completion of the purchase, the chief accounting officer directly owned 9,780 shares in the company, valued at $129,193.80. The trade was a 63.05% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Shaul Vichness bought 5,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $13.20 per share, for a total transaction of $66,000.00. Following the transaction, the treasurer directly owned 30,705 shares in the company, valued at $405,306. This trade represents a 19.45% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 16,282 shares of company stock valued at $215,485 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

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.