Corient Private Wealth LLC Sells 139,599 Shares of Nuveen Churchill Direct Lending Corp. $NCDL

Corient Private Wealth LLC decreased its position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 5.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,365,432 shares of the company’s stock after selling 139,599 shares during the period. Corient Private Wealth LLC’s holdings in Nuveen Churchill Direct Lending were worth $38,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake 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 valued at $73,000 after purchasing an additional 1,118 shares during the period. State of Wyoming acquired a new stake in shares of Nuveen Churchill Direct Lending during the second quarter worth $108,000. Quantbot Technologies LP bought a new stake in shares of Nuveen Churchill Direct Lending in the second quarter valued at about $152,000. Atlatl Advisers LLC acquired a new position in shares of Nuveen Churchill Direct Lending in the second quarter valued at about $173,000. Finally, Sei Investments Co. grew its stake in shares of Nuveen Churchill Direct Lending by 11.4% in the second quarter. Sei Investments Co. now owns 18,678 shares of the company’s stock valued at $302,000 after acquiring an additional 1,918 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Zacks Research cut shares of Nuveen Churchill Direct Lending from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Wells Fargo & Company dropped their price target 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 report on Wednesday, November 5th. Wall Street Zen downgraded Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Keefe, Bruyette & Woods dropped their price objective on Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Finally, UBS Group cut their target price on Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.75.

Insiders Place Their Bets

In other news, Director Kenneth M. Miranda purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average cost of $14.10 per share, with a total value of $28,200.00. Following the completion of the purchase, the director owned 27,000 shares of the company’s stock, valued at $380,700. This trade represents a 8.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Kenneth J. Kencel purchased 20,000 shares of Nuveen Churchill Direct Lending stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $14.22 per share, for a total transaction of $284,400.00. Following the completion of the acquisition, the chief executive officer owned 48,117 shares of the company’s stock, valued at approximately $684,223.74. The trade was a 71.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 27,000 shares of company stock valued at $383,600. 0.62% of the stock is currently owned by insiders.

Nuveen Churchill Direct Lending Stock Performance

NYSE NCDL opened at $14.70 on Wednesday. The firm’s 50 day simple moving average is $14.32 and its 200 day simple moving average is $15.38. The firm has a market capitalization of $725.79 million, a price-to-earnings ratio of 9.60 and a beta of 0.35. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.25. Nuveen Churchill Direct Lending Corp. has a 1 year low of $13.16 and a 1 year high of $18.01.

Nuveen Churchill Direct Lending (NYSE:NCDL) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). The firm had revenue of $51.11 million for the quarter, compared to analyst estimates of $52.00 million. Nuveen Churchill Direct Lending had a net margin of 36.83% and a return on equity of 11.13%. As a group, research analysts expect that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 27th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 12.2%. Nuveen Churchill Direct Lending’s payout ratio is 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.