BI Asset Management Fondsmaeglerselskab A S Buys 123,327 Shares of Nuveen Churchill Direct Lending Corp. $NCDL

BI Asset Management Fondsmaeglerselskab A S boosted its stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 454.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,476 shares of the company’s stock after acquiring an additional 123,327 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Nuveen Churchill Direct Lending were worth $2,007,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. UBS Group AG boosted its holdings in shares of Nuveen Churchill Direct Lending by 40.0% during the 4th quarter. UBS Group AG now owns 689,050 shares of the company’s stock valued at $9,192,000 after buying an additional 196,956 shares in the last quarter. MQS Management LLC bought a new stake in shares of Nuveen Churchill Direct Lending during the 3rd quarter valued at $604,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Nuveen Churchill Direct Lending by 14.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 479,357 shares of the company’s stock valued at $6,395,000 after buying an additional 60,786 shares in the last quarter. Callodine Capital Management LP boosted its holdings in shares of Nuveen Churchill Direct Lending by 9.1% during the 3rd quarter. Callodine Capital Management LP now owns 572,800 shares of the company’s stock valued at $7,905,000 after buying an additional 47,800 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in shares of Nuveen Churchill Direct Lending during the 4th quarter valued at $267,000.

Insider Activity at Nuveen Churchill Direct Lending

In other news, Treasurer Shaul Vichness bought 5,000 shares of Nuveen Churchill Direct Lending stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $13.20 per share, with a total value of $66,000.00. Following the acquisition, the treasurer owned 30,705 shares of the company’s stock, valued at $405,306. The trade was a 19.45% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Marissa Hassen bought 3,782 shares of Nuveen Churchill Direct Lending stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $13.21 per share, with a total value of $49,960.22. Following the completion of the acquisition, the chief accounting officer directly owned 9,780 shares in the company, valued at $129,193.80. This represents a 63.05% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 13,782 shares of company stock valued at $181,610 over the last three months. 0.68% of the stock is currently owned by insiders.

Nuveen Churchill Direct Lending Stock Performance

Shares of NYSE:NCDL opened at $12.65 on Tuesday. Nuveen Churchill Direct Lending Corp. has a fifty-two week low of $12.43 and a fifty-two week high of $17.27. The firm has a market cap of $624.78 million, a price-to-earnings ratio of 10.54 and a beta of 0.51. The business has a 50-day simple moving average of $13.47 and a two-hundred day simple moving average of $13.66.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.41 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, research analysts predict that Nuveen Churchill Direct Lending Corp. will post 1.6 earnings per share for the current year.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, June 30th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Nuveen Churchill Direct Lending’s dividend payout ratio is currently 120.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NCDL shares. Wells Fargo & Company dropped their target price on shares of Nuveen Churchill Direct Lending from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 4th. UBS Group dropped their target price on shares of Nuveen Churchill Direct Lending from $15.50 to $14.75 and set a “neutral” rating on the stock in a report on Monday, May 18th. Zacks Research cut shares of Nuveen Churchill Direct Lending from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. Wall Street Zen cut shares of Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Truist Financial dropped their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $15.35.

Nuveen Churchill Direct Lending Profile

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.