Nuveen Churchill Direct Lending (NYSE:NCDL) Shares Gap Down to $17.80

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)’s share price gapped down prior to trading on Friday . The stock had previously closed at $17.80, but opened at $17.29. Nuveen Churchill Direct Lending shares last traded at $17.29, with a volume of 490 shares.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market outperform” rating and issued a $18.50 price objective on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, March 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.50.

Nuveen Churchill Direct Lending Stock Down 1.4 %

The company’s fifty day moving average price is $17.61. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.82.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.07. Nuveen Churchill Direct Lending had a return on equity of 12.28% and a net margin of 51.98%. The business had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $51.60 million. On average, research analysts predict that Nuveen Churchill Direct Lending Corp. will post 2.32 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.80 annualized dividend and a yield of 10.26%.

Institutional Trading of Nuveen Churchill Direct Lending

A hedge fund recently bought a new stake in Nuveen Churchill Direct Lending stock. Capstone Investment Advisors LLC acquired a new stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 40,670 shares of the company’s stock, valued at approximately $734,000. Capstone Investment Advisors LLC owned 0.07% of Nuveen Churchill Direct Lending as of its most recent filing with the SEC.

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.