Wells Fargo & Company Lowers Nuveen Churchill Direct Lending (NYSE:NCDL) Price Target to $14.00

Nuveen Churchill Direct Lending (NYSE:NCDL) had its target price dropped by stock analysts at Wells Fargo & Company from $15.00 to $14.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 1.79% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Keefe, Bruyette & Woods dropped their price target on 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. Finally, UBS Group reduced their target price on shares of Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.75.

Nuveen Churchill Direct Lending Stock Down 0.7%

Nuveen Churchill Direct Lending stock traded down $0.10 during trading on Wednesday, reaching $14.26. The stock had a trading volume of 133,436 shares, compared to its average volume of 240,194. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.26. The business has a 50 day moving average price of $14.64 and a 200 day moving average price of $15.63. The stock has a market cap of $704.05 million, a PE ratio of 7.83 and a beta of 0.38. Nuveen Churchill Direct Lending has a 52-week low of $13.16 and a 52-week high of $18.01.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Nuveen Churchill Direct Lending had a return on equity of 11.88% and a net margin of 43.35%.The business had revenue of $53.13 million for the quarter, compared to the consensus estimate of $54.41 million. On average, analysts predict that Nuveen Churchill Direct Lending will post 2.28 EPS for the current year.

Insider Transactions at Nuveen Churchill Direct Lending

In related news, Treasurer Shaul Vichness bought 5,000 shares of Nuveen Churchill Direct Lending stock in a transaction that occurred on Tuesday, September 16th. The shares were purchased at an average price of $14.85 per share, with a total value of $74,250.00. Following the purchase, the treasurer owned 15,000 shares in the company, valued at $222,750. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NCDL. NewEdge Advisors LLC raised its holdings 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 acquiring an additional 1,118 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Nuveen Churchill Direct Lending during the 3rd quarter valued at about $85,000. State of Wyoming lifted its holdings in shares of Nuveen Churchill Direct Lending by 16.4% during the 3rd quarter. State of Wyoming now owns 7,739 shares of the company’s stock worth $107,000 after acquiring an additional 1,090 shares during the period. Graybill Wealth Management LTD. purchased a new position in shares of Nuveen Churchill Direct Lending during the 1st quarter worth about $115,000. Finally, AlphaQuest LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the third quarter worth approximately $135,000.

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.