Nuveen Churchill Direct Lending (NYSE:NCDL) Director Kenneth Miranda Purchases 2,000 Shares

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Director Kenneth Miranda purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average cost of $14.10 per share, with a total value of $28,200.00. Following the acquisition, the director owned 27,000 shares in the company, valued at $380,700. This trade represents a 8.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Nuveen Churchill Direct Lending Price Performance

Shares of NCDL stock traded up $0.18 during trading hours on Friday, reaching $14.08. The company’s stock had a trading volume of 62,793 shares, compared to its average volume of 239,825. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.25. Nuveen Churchill Direct Lending Corp. has a fifty-two week low of $13.16 and a fifty-two week high of $18.01. The company has a market capitalization of $695.12 million, a price-to-earnings ratio of 9.21 and a beta of 0.38. The firm’s 50 day simple moving average is $14.25 and its 200-day simple moving average is $15.51.

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

Nuveen Churchill Direct Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 27th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend is Wednesday, December 31st. Nuveen Churchill Direct Lending’s payout ratio is presently 117.65%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NCDL. Wall Street Zen lowered Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. UBS Group dropped their target price on shares of Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods dropped their price objective on shares of Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Wells Fargo & Company reduced 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, Zacks Research downgraded Nuveen Churchill Direct Lending from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Nuveen Churchill Direct Lending has an average rating of “Hold” and a consensus price target of $15.75.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

A number of hedge funds have recently bought and sold shares of the company. Callodine Capital Management LP increased its position in shares of Nuveen Churchill Direct Lending by 9.1% during the third quarter. Callodine Capital Management LP now owns 572,800 shares of the company’s stock valued at $7,905,000 after acquiring an additional 47,800 shares during the last quarter. Opal Wealth Advisors LLC grew its holdings in shares of Nuveen Churchill Direct Lending by 5.4% during the third quarter. Opal Wealth Advisors LLC now owns 525,520 shares of the company’s stock worth $7,252,000 after purchasing an additional 26,865 shares in the last quarter. UBS Group AG grew its position in Nuveen Churchill Direct Lending by 10.8% in the third quarter. UBS Group AG now owns 492,094 shares of the company’s stock worth $6,791,000 after acquiring an additional 48,157 shares in the last quarter. Nuveen LLC bought a new position in Nuveen Churchill Direct Lending in the first quarter valued at $8,292,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen Churchill Direct Lending by 13.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 418,571 shares of the company’s stock valued at $5,776,000 after buying an additional 50,507 shares in the last quarter.

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.