Integrated Wealth Concepts LLC Acquires Shares of 13,572 Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Integrated Wealth Concepts LLC acquired a new position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 13,572 shares of the company’s stock, valued at approximately $228,000.

Several other large investors also recently bought and sold shares of the business. Bellevue Asset Management LLC purchased a new stake in Nuveen Churchill Direct Lending during the fourth quarter valued at approximately $28,000. Farther Finance Advisors LLC lifted its position in Nuveen Churchill Direct Lending by 72.2% in the fourth quarter. Farther Finance Advisors LLC now owns 5,512 shares of the company’s stock worth $92,000 after buying an additional 2,311 shares during the last quarter. Catalina Capital Group LLC boosted its stake in Nuveen Churchill Direct Lending by 26.2% during the fourth quarter. Catalina Capital Group LLC now owns 13,184 shares of the company’s stock worth $221,000 after buying an additional 2,735 shares during the period. NewEdge Advisors LLC increased its position in Nuveen Churchill Direct Lending by 680.1% during the fourth quarter. NewEdge Advisors LLC now owns 3,300 shares of the company’s stock valued at $55,000 after acquiring an additional 2,877 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Nuveen Churchill Direct Lending in the fourth quarter valued at $48,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NCDL shares. UBS Group cut their target price on Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company reduced their target price on Nuveen Churchill Direct Lending from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods lowered 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.

Nuveen Churchill Direct Lending Stock Down 1.5 %

Shares of NYSE NCDL opened at $15.73 on Tuesday. Nuveen Churchill Direct Lending Corp. has a 52-week low of $14.21 and a 52-week high of $18.05. The firm has a market capitalization of $805.49 million, a price-to-earnings ratio of 6.72 and a beta of 0.45. The stock has a 50 day moving average price of $16.32 and a 200 day moving average price of $16.82. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.69 and a current ratio of 1.69.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently announced a — dividend, which was paid on Monday, April 28th. Shareholders of record on Monday, March 31st were issued a $0.10 dividend. This represents a dividend yield of 10.3%. The ex-dividend date of this dividend was Monday, March 31st. Nuveen Churchill Direct Lending’s dividend payout ratio is 83.72%.

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.