Nuveen Churchill Direct Lending (NYSE:NCDL) Treasurer Shaul Vichness Buys 5,000 Shares

Nuveen Churchill Direct Lending Corp. (NYSE:NCDLGet Free Report) Treasurer Shaul Vichness bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $13.20 per share, with a total value of $66,000.00. Following the purchase, the treasurer directly owned 30,705 shares in the company, valued at $405,306. The trade was a 19.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shaul Vichness also recently made the following trade(s):

  • On Thursday, March 12th, Shaul Vichness bought 5,000 shares of Nuveen Churchill Direct Lending stock. The stock was purchased at an average cost of $13.13 per share, with a total value of $65,650.00.

Nuveen Churchill Direct Lending Stock Performance

NCDL stock traded down $0.07 during trading on Friday, hitting $13.11. The stock had a trading volume of 26,522 shares, compared to its average volume of 245,924. The company’s 50 day moving average price is $13.56 and its two-hundred day moving average price is $13.83. Nuveen Churchill Direct Lending Corp. has a 1-year low of $12.43 and a 1-year high of $17.27. The stock has a market cap of $647.26 million, a price-to-earnings ratio of 10.92 and a beta of 0.63.

Nuveen Churchill Direct Lending (NYSE:NCDLGet Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $17.15 million during the quarter, compared to analyst estimates of $47.79 million. Nuveen Churchill Direct Lending had a net margin of 29.56% and a return on equity of 9.80%. As a group, sell-side analysts forecast that Nuveen Churchill Direct Lending Corp. will post 1.66 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, June 30th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.44 annualized dividend and a yield of 11.0%. Nuveen Churchill Direct Lending’s payout ratio is 120.00%.

Institutional Trading of Nuveen Churchill Direct Lending

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in shares of Nuveen Churchill Direct Lending by 190.2% during the 3rd 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 period. Advisory Services Network LLC purchased a new stake in shares of Nuveen Churchill Direct Lending during the 3rd quarter worth about $38,000. NewEdge Advisors LLC boosted its holdings in Nuveen Churchill Direct Lending by 33.0% in the 2nd quarter. NewEdge Advisors LLC now owns 4,511 shares of the company’s stock worth $73,000 after acquiring an additional 1,118 shares during the period. Quadrant Capital Group LLC acquired a new stake in Nuveen Churchill Direct Lending in the third quarter valued at approximately $80,000. Finally, State of Wyoming raised its stake in shares of Nuveen Churchill Direct Lending by 16.4% during the third quarter. State of Wyoming now owns 7,739 shares of the company’s stock valued at $107,000 after purchasing an additional 1,090 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. 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 report on Wednesday, March 4th. Wall Street Zen cut Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods lowered their price target on Nuveen Churchill Direct Lending from $16.00 to $15.00 and set a “market perform” rating for the company in a report on Friday, February 27th. UBS Group lifted their price target on Nuveen Churchill Direct Lending from $14.75 to $15.50 and gave the company a “neutral” rating in a report on Monday, April 20th. Finally, Wells Fargo & Company lowered their price target on Nuveen Churchill Direct Lending from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, March 4th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.50.

Read Our Latest Stock Report on NCDL

Nuveen Churchill Direct Lending Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Nuveen Churchill Direct Lending (NYSE:NCDL)

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