Nuveen Churchill Direct Lending (NYSE:NCDL) Treasurer Shaul Vichness Acquires 5,000 Shares

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Treasurer Shaul Vichness acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $13.20 per share, with a total value of $66,000.00. Following the purchase, the treasurer directly owned 30,705 shares of the company’s stock, valued at $405,306. This trade represents a 19.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shaul Vichness also recently made the following trade(s):

• On Thursday, March 12th, Shaul Vichness acquired 5,000 shares of Nuveen Churchill Direct Lending stock. The shares were acquired at an average cost of $13.13 per share, with a total value of $65,650.00.

Nuveen Churchill Direct Lending Stock Performance

NYSE:NCDL opened at $13.26 on Friday. The firm has a market capitalization of $654.76 million, a price-to-earnings ratio of 11.05 and a beta of 0.63. Nuveen Churchill Direct Lending Corp. has a 52-week low of $12.43 and a 52-week high of $17.27. The stock has a fifty day moving average of $13.56 and a 200 day moving average of $13.82.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Nuveen Churchill Direct Lending had a net margin of 29.56% and a return on equity of 9.80%. The firm had revenue of $17.15 million for the quarter, compared to analysts’ expectations of $47.79 million. Equities analysts forecast that Nuveen Churchill Direct Lending Corp. will post 1.66 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.44 annualized dividend and a yield of 10.9%. Nuveen Churchill Direct Lending’s payout ratio is 120.00%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its holdings in shares of Nuveen Churchill Direct Lending by 190.2% in the third quarter. BNP Paribas Financial Markets now owns 2,400 shares of the company’s stock worth $33,000 after buying an additional 1,573 shares during the period. Advisory Services Network LLC purchased a new position in Nuveen Churchill Direct Lending during the 3rd quarter valued at about $38,000. NewEdge Advisors LLC increased its holdings in Nuveen Churchill Direct Lending by 33.0% during the 2nd quarter. NewEdge Advisors LLC now owns 4,511 shares of the company’s stock valued at $73,000 after purchasing an additional 1,118 shares during the period. Quadrant Capital Group LLC purchased a new position in Nuveen Churchill Direct Lending during the 3rd quarter valued at about $80,000. Finally, State of Wyoming increased its holdings in Nuveen Churchill Direct Lending by 16.4% during the 3rd quarter. State of Wyoming now owns 7,739 shares of the company’s stock valued at $107,000 after purchasing an additional 1,090 shares during the period.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen lowered Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. UBS Group lifted their price target on Nuveen Churchill Direct Lending from $14.75 to $15.50 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Keefe, Bruyette & Woods dropped their price target on Nuveen Churchill Direct Lending from $16.00 to $15.00 and set a “market perform” rating for the company in a research note on Friday, February 27th. Truist Financial decreased their price objective on Nuveen Churchill Direct Lending from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Finally, Wells Fargo & Company decreased their price objective on Nuveen Churchill Direct Lending from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.50.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending (NYSE:NCDL) is a closed-end management investment company that seeks to provide shareholders with attractive risk-adjusted returns through a diversified portfolio of direct lending instruments. Established in early 2022, NCDL focuses on privately negotiated debt investments in middle-market companies, primarily within the United States. The fund offers investors access to a segment of the credit markets that has historically been less correlated with public debt markets, aiming to capture yield premiums associated with private lending.

The fund’s investment strategy centers on senior secured loans, unitranche financings and selectively structured mezzanine debt.