Y Intercept Hong Kong Ltd Acquires 16,408 Shares of Nuveen Churchill Direct Lending Corp. $NCDL

Y Intercept Hong Kong Ltd increased its stake in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 100.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,820 shares of the company’s stock after acquiring an additional 16,408 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.07% of Nuveen Churchill Direct Lending worth $531,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of NCDL. Entropy Technologies LP lifted its stake in Nuveen Churchill Direct Lending by 6.8% during the first quarter. Entropy Technologies LP now owns 12,025 shares of the company’s stock worth $204,000 after purchasing an additional 761 shares during the period. Aprio Wealth Management LLC raised its holdings in shares of Nuveen Churchill Direct Lending by 0.8% in the 1st quarter. Aprio Wealth Management LLC now owns 112,471 shares of the company’s stock worth $1,910,000 after buying an additional 867 shares in the last quarter. Dudley Capital Management LLC lifted its position in shares of Nuveen Churchill Direct Lending by 5.2% during the 1st quarter. Dudley Capital Management LLC now owns 33,862 shares of the company’s stock worth $575,000 after buying an additional 1,675 shares during the period. XTX Topco Ltd boosted its stake in Nuveen Churchill Direct Lending by 48.0% in the 1st quarter. XTX Topco Ltd now owns 18,125 shares of the company’s stock valued at $308,000 after buying an additional 5,880 shares in the last quarter. Finally, Graybill Wealth Management LTD. bought a new stake in Nuveen Churchill Direct Lending in the first quarter valued at $115,000.

Insiders Place Their Bets

In other news, Treasurer Shaul Vichness purchased 5,000 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were purchased at an average cost of $14.85 per share, with a total value of $74,250.00. Following the completion of the transaction, the treasurer owned 15,000 shares of the company’s stock, valued at $222,750. The trade was a 50.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group reduced their price target 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. Wells Fargo & Company decreased their price objective on shares of Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods reduced their target price on shares of Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.75.

Nuveen Churchill Direct Lending Trading Down 0.8%

NCDL opened at $14.11 on Friday. Nuveen Churchill Direct Lending Corp. has a twelve month low of $13.16 and a twelve month high of $18.01. The firm has a market cap of $696.79 million, a PE ratio of 9.22 and a beta of 0.38. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.13 and a current ratio of 1.65. The firm’s fifty day moving average is $14.57 and its two-hundred day moving average is $15.61.

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

Nuveen Churchill Direct Lending Dividend Announcement

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

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.