Nuveen Churchill Direct Lending Corp. (NYSE:NCDL – Get Free Report) CAO Marissa Hassen bought 3,782 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average cost of $13.21 per share, for a total transaction of $49,960.22. Following the transaction, the chief accounting officer directly owned 9,780 shares of the company’s stock, valued at $129,193.80. This trade represents a 63.05% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Nuveen Churchill Direct Lending Trading Down 1.3%
Shares of NCDL stock opened at $13.22 on Thursday. Nuveen Churchill Direct Lending Corp. has a 1 year low of $12.43 and a 1 year high of $17.27. The firm’s fifty day simple moving average is $13.56 and its 200 day simple moving average is $13.83. The firm has a market capitalization of $652.90 million, a P/E ratio of 11.02 and a beta of 0.63.
Nuveen Churchill Direct Lending (NYSE:NCDL – Get Free Report) last announced 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 return on equity of 9.80% and a net margin of 29.56%.The company had revenue of $17.15 million for the quarter, compared to the consensus estimate of $47.79 million. Equities research analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 1.66 EPS for the current fiscal year.
Nuveen Churchill Direct Lending Dividend Announcement
Institutional Investors Weigh In On Nuveen Churchill Direct Lending
Several institutional investors and hedge funds have recently made changes to their positions in NCDL. BNP Paribas Financial Markets boosted its stake in shares of 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 valued at $33,000 after purchasing an additional 1,573 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the 3rd quarter valued at $38,000. NewEdge Advisors LLC boosted its stake in shares of Nuveen Churchill Direct Lending by 33.0% in the 2nd quarter. NewEdge Advisors LLC now owns 4,511 shares of the company’s stock valued at $73,000 after purchasing an additional 1,118 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the 3rd quarter valued at $80,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the 3rd quarter valued at $85,000.
Analyst Ratings Changes
NCDL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods decreased their price target on shares of Nuveen Churchill Direct Lending from $16.00 to $15.00 and set a “market perform” rating on the stock in a research note on Friday, February 27th. Wells Fargo & Company decreased their price target on shares of Nuveen Churchill Direct Lending from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 4th. Truist Financial decreased their price target on shares of Nuveen Churchill Direct Lending from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. UBS Group lifted their price target on shares of Nuveen Churchill Direct Lending from $14.75 to $15.50 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Finally, Wall Street Zen downgraded shares of Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.50.
View Our Latest Report on NCDL
About Nuveen Churchill Direct Lending
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.
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