Nuveen Churchill Direct Lending (NYSE:NCDL) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Nuveen Churchill Direct Lending (NYSE:NCDL) issued its earnings results on Tuesday. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03), Zacks reports. Nuveen Churchill Direct Lending had a net margin of 43.35% and a return on equity of 11.88%.

Nuveen Churchill Direct Lending Stock Performance

Nuveen Churchill Direct Lending stock traded down $0.23 during trading hours on Tuesday, hitting $14.35. The company had a trading volume of 284,885 shares, compared to its average volume of 239,517. The firm has a market cap of $708.75 million, a PE ratio of 7.88 and a beta of 0.37. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 1.13. Nuveen Churchill Direct Lending has a one year low of $13.16 and a one year high of $18.01. The firm has a 50-day moving average of $14.66 and a 200 day moving average of $15.64.

Insider Activity at Nuveen Churchill Direct Lending

In other Nuveen Churchill Direct Lending news, Treasurer Shaul Vichness bought 5,000 shares of the stock in a transaction dated Tuesday, September 16th. The shares were bought at an average cost of $14.85 per share, with a total value of $74,250.00. Following the completion of the acquisition, the treasurer owned 15,000 shares of the company’s stock, valued at $222,750. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in shares of Nuveen Churchill Direct Lending by 41.2% during the second quarter. Bank of America Corp DE now owns 86,036 shares of the company’s stock worth $1,393,000 after purchasing an additional 25,106 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Nuveen Churchill Direct Lending by 3.2% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 26,426 shares of the company’s stock worth $428,000 after purchasing an additional 807 shares during the period. Sei Investments Co. increased its holdings in shares of Nuveen Churchill Direct Lending by 11.4% during the second quarter. Sei Investments Co. now owns 18,678 shares of the company’s stock worth $302,000 after purchasing an additional 1,918 shares during the period. Cresset Asset Management LLC increased its holdings in shares of Nuveen Churchill Direct Lending by 17.6% during the second quarter. Cresset Asset Management LLC now owns 36,025 shares of the company’s stock worth $599,000 after purchasing an additional 5,391 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Nuveen Churchill Direct Lending during the second quarter worth approximately $152,000.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NCDL. Wall Street Zen upgraded shares of Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. UBS Group cut their target price on shares of Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Nuveen Churchill Direct Lending currently has a consensus rating of “Hold” and an average price target of $16.00.

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.