Nuveen Churchill Direct Lending Corp. (NCDL) To Go Ex-Dividend on December 31st

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) announced a quarterly dividend on Wednesday, October 29th. Investors of record on Wednesday, December 31st will be given a dividend of 0.45 per share on Tuesday, January 27th. This represents a c) annualized dividend and a yield of 13.0%. The ex-dividend date of this dividend is Wednesday, December 31st.

Nuveen Churchill Direct Lending Stock Up 0.8%

Shares of NCDL opened at $13.80 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.65 and a current ratio of 1.65. Nuveen Churchill Direct Lending has a one year low of $13.16 and a one year high of $18.01. The stock has a market capitalization of $681.34 million, a price-to-earnings ratio of 9.02 and a beta of 0.35. The stock has a 50 day moving average price of $14.36 and a 200 day moving average price of $15.25.

Nuveen Churchill Direct Lending (NYSE:NCDL) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). Nuveen Churchill Direct Lending had a net margin of 36.83% and a return on equity of 11.13%. The firm had revenue of $51.11 million during the quarter, compared to analysts’ expectations of $52.00 million. Equities research analysts forecast that Nuveen Churchill Direct Lending will post 2.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on NCDL shares. Keefe, Bruyette & Woods cut their price objective on shares of Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Zacks Research cut Nuveen Churchill Direct Lending from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. UBS Group lowered their price objective on Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Wells Fargo & Company cut their target price on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Finally, Wall Street Zen upgraded Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.75.

Nuveen Churchill Direct Lending Company 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.