Short Interest in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Increases By 33.4%

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 202,600 shares, a growth of 33.4% from the March 15th total of 151,900 shares. Based on an average daily volume of 296,400 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bellevue Asset Management LLC acquired a new position in shares of Nuveen Churchill Direct Lending in the 4th quarter valued at $28,000. Tower Research Capital LLC TRC purchased a new stake in Nuveen Churchill Direct Lending in the 4th quarter valued at about $48,000. NewEdge Advisors LLC lifted its position in Nuveen Churchill Direct Lending by 680.1% in the fourth quarter. NewEdge Advisors LLC now owns 3,300 shares of the company’s stock valued at $55,000 after buying an additional 2,877 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Nuveen Churchill Direct Lending by 72.2% during 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 period. Finally, OneAscent Wealth Management LLC acquired a new stake in shares of Nuveen Churchill Direct Lending during the fourth quarter valued at about $171,000.

Wall Street Analyst Weigh In

NCDL has been the subject of a number of analyst reports. UBS Group dropped their price target on Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a “neutral” rating for the company in a research report on Thursday. Keefe, Bruyette & Woods lowered their price objective on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th.

Nuveen Churchill Direct Lending Trading Up 1.2 %

NYSE:NCDL traded up $0.18 on Friday, hitting $15.15. The stock had a trading volume of 280,109 shares, compared to its average volume of 165,446. The company has a fifty day moving average price of $16.74 and a two-hundred day moving average price of $16.95. Nuveen Churchill Direct Lending has a 1-year low of $14.21 and a 1-year high of $18.05. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.10. The stock has a market cap of $775.99 million, a price-to-earnings ratio of 6.47 and a beta of 0.37.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be issued a $0.10 dividend. This represents a yield of 10.3%. The ex-dividend date of this dividend is Monday, March 31st. Nuveen Churchill Direct Lending’s dividend payout ratio is presently 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.