Insider Buying: Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Treasurer Acquires 5,000 Shares of Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Treasurer Shaul Vichness bought 5,000 shares of the stock in a transaction on Monday, June 16th. The stock was acquired at an average cost of $16.30 per share, for a total transaction of $81,500.00. Following the acquisition, the treasurer now directly owns 10,000 shares in the company, valued at approximately $163,000. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Nuveen Churchill Direct Lending Stock Up 0.7%

NCDL opened at $16.42 on Wednesday. The company has a market capitalization of $825.40 million, a P/E ratio of 8.78 and a beta of 0.47. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.79 and a quick ratio of 1.79. The firm’s fifty day moving average price is $15.70 and its two-hundred day moving average price is $16.57. Nuveen Churchill Direct Lending Corp. has a fifty-two week low of $14.21 and a fifty-two week high of $18.01.

Nuveen Churchill Direct Lending (NYSE:NCDL) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.04). The business had revenue of $53.59 million for the quarter, compared to the consensus estimate of $56.01 million. Nuveen Churchill Direct Lending had a return on equity of 12.42% and a net margin of 44.83%. On average, analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Monday, June 30th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, June 30th. This represents a $1.80 annualized dividend and a dividend yield of 10.96%. Nuveen Churchill Direct Lending’s dividend payout ratio (DPR) is presently 96.26%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NCDL. Corient Private Wealth LLC grew its holdings in shares of Nuveen Churchill Direct Lending by 9.5% in the 4th quarter. Corient Private Wealth LLC now owns 2,712,348 shares of the company’s stock worth $45,513,000 after purchasing an additional 234,395 shares during the last quarter. JPMorgan Chase & Co. boosted 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 valued at $12,609,000 after buying an additional 364,739 shares in the last quarter. Callodine Capital Management LP grew its stake in Nuveen Churchill Direct Lending by 42.7% during the first quarter. Callodine Capital Management LP now owns 500,000 shares of the company’s stock worth $8,490,000 after buying an additional 149,611 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Nuveen Churchill Direct Lending during the first quarter worth approximately $8,292,000. Finally, Millennium Management LLC increased its holdings in shares of Nuveen Churchill Direct Lending by 361.6% during the fourth quarter. Millennium Management LLC now owns 437,992 shares of the company’s stock worth $7,350,000 after buying an additional 343,113 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently commented on NCDL. Keefe, Bruyette & Woods cut their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. UBS Group dropped their price objective on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Finally, Wells Fargo & Company reduced their target price on shares of Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note 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.