Nuveen Churchill Direct Lending (NYSE:NCDL) Price Target Cut to $15.00 by Analysts at Wells Fargo & Company

Nuveen Churchill Direct Lending (NYSE:NCDL) had its price target reduced by stock analysts at Wells Fargo & Company from $17.00 to $15.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential downside of 5.06% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods decreased their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. UBS Group cut their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a “neutral” rating on the stock in a report on Thursday, April 17th.

Nuveen Churchill Direct Lending Price Performance

NCDL opened at $15.80 on Monday. Nuveen Churchill Direct Lending has a 52-week low of $14.21 and a 52-week high of $18.05. The company has a market cap of $809.23 million, a P/E ratio of 6.75 and a beta of 0.37. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.10. The company has a 50 day moving average of $16.48 and a two-hundred day moving average of $16.87.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NCDL. Merit Financial Group LLC lifted its holdings in shares of Nuveen Churchill Direct Lending by 0.8% during the first quarter. Merit Financial Group LLC now owns 84,467 shares of the company’s stock valued at $1,434,000 after purchasing an additional 695 shares during the last quarter. Dover Advisors LLC boosted its position in Nuveen Churchill Direct Lending by 6.5% during the first quarter. Dover Advisors LLC now owns 16,500 shares of the company’s stock worth $289,000 after purchasing an additional 1,000 shares during the period. Bellevue Asset Management LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the fourth quarter valued at about $28,000. Farther Finance Advisors LLC increased its position in Nuveen Churchill Direct Lending by 72.2% during the fourth quarter. Farther Finance Advisors LLC now owns 5,512 shares of the company’s stock worth $92,000 after acquiring an additional 2,311 shares during the period. Finally, Catalina Capital Group LLC boosted its holdings in Nuveen Churchill Direct Lending by 26.2% in the 4th quarter. Catalina Capital Group LLC now owns 13,184 shares of the company’s stock valued at $221,000 after purchasing an additional 2,735 shares during the period.

Nuveen Churchill Direct Lending Company Profile

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.