Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Receives Average Rating of “Hold” from Analysts

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) have received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $15.75.

Several analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Keefe, Bruyette & Woods lowered their price target on shares of Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Wall Street Zen downgraded shares of Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research downgraded shares of Nuveen Churchill Direct Lending from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Finally, UBS Group dropped their target price on Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th.

Insiders Place Their Bets

In other news, Director Kenneth M. Miranda acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average price of $14.10 per share, with a total value of $28,200.00. Following the transaction, the director directly owned 27,000 shares in the company, valued at approximately $380,700. This represents a 8.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer Shaul Vichness bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were purchased at an average cost of $14.85 per share, with a total value of $74,250.00. Following the transaction, the treasurer directly owned 15,000 shares of the company’s stock, valued at $222,750. The trade was a 50.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 32,000 shares of company stock worth $457,850. 0.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Large investors have recently made changes to their positions in the business. Sunbelt Securities Inc. boosted its position in Nuveen Churchill Direct Lending by 39.9% in the third quarter. Sunbelt Securities Inc. now owns 10,500 shares of the company’s stock valued at $145,000 after buying an additional 2,995 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Nuveen Churchill Direct Lending during the 3rd quarter valued at approximately $38,000. Susquehanna International Group LLP purchased a new stake in shares of Nuveen Churchill Direct Lending in the 3rd quarter valued at $152,000. Millennium Management LLC increased its stake in shares of Nuveen Churchill Direct Lending by 64.1% in the third quarter. Millennium Management LLC now owns 136,567 shares of the company’s stock worth $1,885,000 after acquiring an additional 53,342 shares during the period. Finally, Lido Advisors LLC increased its stake in shares of Nuveen Churchill Direct Lending by 113.6% in the third quarter. Lido Advisors LLC now owns 44,856 shares of the company’s stock worth $639,000 after acquiring an additional 23,856 shares during the period.

Nuveen Churchill Direct Lending Stock Up 0.0%

Shares of NYSE:NCDL opened at $14.82 on Friday. The business’s 50 day moving average is $14.21 and its 200 day moving average is $15.44. The stock has a market cap of $732.16 million, a P/E ratio of 9.69 and a beta of 0.35. Nuveen Churchill Direct Lending has a 52-week low of $13.16 and a 52-week high of $18.01. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.25.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its earnings results on Tuesday, November 4th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). Nuveen Churchill Direct Lending had a net margin of 36.83% and a return on equity of 11.13%. The firm had revenue of $51.11 million for the quarter, compared to the consensus estimate of $52.00 million. Sell-side analysts predict that Nuveen Churchill Direct Lending will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 27th. Investors of record on Wednesday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 12.1%. Nuveen Churchill Direct Lending’s dividend payout ratio (DPR) is presently 117.65%.

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.