Insider Buying: Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Director Acquires 3,000 Shares of Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Director Mat Linett purchased 3,000 shares of the stock in a transaction dated Wednesday, May 21st. The stock was acquired at an average cost of $15.92 per share, for a total transaction of $47,760.00. Following the transaction, the director now owns 8,365 shares of the company’s stock, valued at approximately $133,170.80. This trade represents a 55.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Nuveen Churchill Direct Lending Price Performance

Shares of Nuveen Churchill Direct Lending stock opened at $16.20 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 1.69. The business’s 50 day simple moving average is $15.61 and its two-hundred day simple moving average is $16.61. The stock has a market capitalization of $814.55 million, a P/E ratio of 6.92 and a beta of 0.47. Nuveen Churchill Direct Lending Corp. has a one year low of $14.21 and a one year 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 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.04). The firm had revenue of $53.59 million for the quarter, compared to analysts’ expectations of $56.01 million. Nuveen Churchill Direct Lending had a net margin of 53.56% and a return on equity of 12.72%. Analysts forecast that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Monday, June 30th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.80 annualized dividend and a dividend yield of 11.11%. Nuveen Churchill Direct Lending’s payout ratio is 96.26%.

Analyst Ratings Changes

Several brokerages recently commented on NCDL. Wells Fargo & Company reduced their price objective 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. UBS Group reduced their price objective on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods reduced their price objective 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.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Merit Financial Group LLC increased its stake in Nuveen Churchill Direct Lending by 0.8% during the 1st quarter. Merit Financial Group LLC now owns 84,467 shares of the company’s stock valued at $1,434,000 after purchasing an additional 695 shares in the last quarter. Entropy Technologies LP increased its stake in Nuveen Churchill Direct Lending by 6.8% during the 1st quarter. Entropy Technologies LP now owns 12,025 shares of the company’s stock valued at $204,000 after purchasing an additional 761 shares in the last quarter. Aprio Wealth Management LLC increased its stake in Nuveen Churchill Direct Lending by 0.8% during the 1st quarter. Aprio Wealth Management LLC now owns 112,471 shares of the company’s stock valued at $1,910,000 after purchasing an additional 867 shares in the last quarter. Dover Advisors LLC increased its stake in Nuveen Churchill Direct Lending by 6.5% during the 1st quarter. Dover Advisors LLC now owns 16,500 shares of the company’s stock valued at $289,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Bellevue Asset Management LLC bought a new stake in Nuveen Churchill Direct Lending during the 4th quarter valued at about $28,000.

Nuveen Churchill Direct Lending Company Profile

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.