Nuveen Churchill Direct Lending (NYSE:NCDL) VP Acquires $99,525.00 in Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDLGet Free Report) VP John Mccally bought 7,500 shares of Nuveen Churchill Direct Lending stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $13.27 per share, with a total value of $99,525.00. Following the completion of the acquisition, the vice president owned 15,245 shares of the company’s stock, valued at $202,301.15. This represents a 96.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Nuveen Churchill Direct Lending Trading Up 2.5%

NCDL stock opened at $12.74 on Friday. The stock’s fifty day simple moving average is $13.24 and its two-hundred day simple moving average is $13.46. Nuveen Churchill Direct Lending Corp. has a 1-year low of $11.97 and a 1-year high of $17.27. The stock has a market cap of $629.43 million, a P/E ratio of 10.62 and a beta of 0.50.

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 (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The business had revenue of $17.15 million for the quarter, compared to analysts’ expectations 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, analysts forecast that Nuveen Churchill Direct Lending Corp. will post 1.6 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, June 30th will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.44 annualized dividend and a yield of 11.3%. Nuveen Churchill Direct Lending’s payout ratio is currently 120.00%.

Institutional Trading of Nuveen Churchill Direct Lending

A number of institutional investors have recently modified their holdings of NCDL. Bank of America Corp DE boosted its holdings in Nuveen Churchill Direct Lending by 23.3% in the 1st quarter. Bank of America Corp DE now owns 147,909 shares of the company’s stock worth $1,881,000 after buying an additional 27,970 shares during the period. Renaissance Technologies LLC raised its holdings in Nuveen Churchill Direct Lending by 28.7% during the 1st quarter. Renaissance Technologies LLC now owns 152,024 shares of the company’s stock valued at $1,934,000 after acquiring an additional 33,918 shares during the period. Lido Advisors LLC raised its holdings in Nuveen Churchill Direct Lending by 19.9% during the 1st quarter. Lido Advisors LLC now owns 53,788 shares of the company’s stock valued at $705,000 after acquiring an additional 8,932 shares during the period. NewEdge Wealth LLC lifted its position in shares of Nuveen Churchill Direct Lending by 199.3% during the first quarter. NewEdge Wealth LLC now owns 89,776 shares of the company’s stock worth $1,142,000 after acquiring an additional 59,777 shares in the last quarter. Finally, Bulldog Investors LLP boosted its holdings in shares of Nuveen Churchill Direct Lending by 29.6% in the first quarter. Bulldog Investors LLP now owns 224,822 shares of the company’s stock worth $2,860,000 after acquiring an additional 51,410 shares during the period.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NCDL. Wall Street Zen downgraded shares of Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Wells Fargo & Company cut shares of Nuveen Churchill Direct Lending from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $13.00 to $12.00 in a report on Friday, June 12th. Keefe, Bruyette & Woods reduced their price objective 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 decreased their target price on 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. Finally, Zacks Research lowered Nuveen Churchill Direct Lending from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $14.44.

Read Our Latest Research 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.

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

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