Nuveen Churchill Direct Lending (NYSE:NCDL) Upgraded at Wall Street Zen

Nuveen Churchill Direct Lending (NYSE:NCDL) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

NCDL has been the topic of a number of other reports. Keefe, Bruyette & Woods cut their price target on shares of Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Wells Fargo & Company cut their target price on shares of Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Finally, Zacks Research upgraded shares of Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Nuveen Churchill Direct Lending presently has an average rating of “Hold” and a consensus price target of $15.75.

Nuveen Churchill Direct Lending Stock Up 0.9%

Shares of NYSE NCDL opened at $13.83 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.25. The business’s 50 day moving average is $13.71 and its two-hundred day moving average is $14.43. Nuveen Churchill Direct Lending has a 52-week low of $12.95 and a 52-week high of $18.01. The firm has a market cap of $682.82 million, a price-to-earnings ratio of 9.04 and a beta of 0.40.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Large investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. lifted its holdings in Nuveen Churchill Direct Lending by 13.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 418,571 shares of the company’s stock worth $5,776,000 after buying an additional 50,507 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Nuveen Churchill Direct Lending during the 2nd quarter worth about $773,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of Nuveen Churchill Direct Lending by 100.0% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 32,820 shares of the company’s stock valued at $531,000 after buying an additional 16,408 shares in the last quarter. Atlatl Advisers LLC purchased a new position in shares of Nuveen Churchill Direct Lending in the 2nd quarter valued at $173,000. Finally, MQS Management LLC acquired a new stake in Nuveen Churchill Direct Lending during the 3rd quarter worth $604,000.

About Nuveen Churchill Direct Lending

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.