Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Unusually-High Trading Volume – Time to Buy?

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) saw unusually-strong trading volume on Monday . Approximately 261,060 shares were traded during mid-day trading, an increase of 193% from the previous session’s volume of 88,985 shares.The stock last traded at $17.20 and had previously closed at $17.31.

Nuveen Churchill Direct Lending Trading Down 1.6 %

The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 1.69. The firm’s 50 day moving average is $17.15 and its 200 day moving average is $17.39. The company has a market capitalization of $914.28 million and a PE ratio of 7.17.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently announced a — dividend, which will be paid on Tuesday, January 28th. Investors of record on Tuesday, December 31st will be paid a $0.10 dividend. This represents a dividend yield of 10.5%. The ex-dividend date is Tuesday, December 31st. Nuveen Churchill Direct Lending’s payout ratio is 76.92%.

Insider Buying and Selling

In related news, CEO Kenneth J. Kencel acquired 20,000 shares of Nuveen Churchill Direct Lending stock in a transaction on Wednesday, November 27th. The shares were acquired at an average cost of $17.35 per share, with a total value of $347,000.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $173,500. This trade represents a -200.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NCDL. Opal Wealth Advisors LLC increased its position in Nuveen Churchill Direct Lending by 184.1% during the 3rd quarter. Opal Wealth Advisors LLC now owns 194,638 shares of the company’s stock valued at $3,391,000 after purchasing an additional 126,131 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in Nuveen Churchill Direct Lending by 99.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 157,803 shares of the company’s stock valued at $2,749,000 after acquiring an additional 78,785 shares during the period. Acadian Asset Management LLC bought a new stake in Nuveen Churchill Direct Lending during the second quarter worth about $871,000. Aprio Wealth Management LLC grew its holdings in Nuveen Churchill Direct Lending by 250.2% in the third quarter. Aprio Wealth Management LLC now owns 54,688 shares of the company’s stock worth $953,000 after purchasing an additional 39,073 shares during the period. Finally, Procyon Advisors LLC bought a new position in shares of Nuveen Churchill Direct Lending during the third quarter valued at approximately $662,000.

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.