Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Receives Consensus Rating of “Hold” from Analysts

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) have been given an average rating of “Hold” by the five analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $14.4375.

A number of equities research analysts have recently weighed in on the company. Zacks Research raised Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Wells Fargo & Company cut Nuveen Churchill Direct Lending from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $13.00 to $12.00 in a report on Friday, June 12th. Wall Street Zen upgraded Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a report on Saturday. Finally, UBS Group dropped their target price on Nuveen Churchill Direct Lending from $15.50 to $14.75 and set a “neutral” rating for the company in a research report on Monday, May 18th.

Insider Activity at Nuveen Churchill Direct Lending

In other Nuveen Churchill Direct Lending news, Treasurer Shaul Vichness bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased 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 in the company, valued at approximately $405,306. This represents a 19.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Marissa Hassen bought 3,782 shares of Nuveen Churchill Direct Lending stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of $13.21 per share, for a total transaction of $49,960.22. Following the completion of the acquisition, the chief accounting officer owned 9,780 shares in the company, valued at $129,193.80. This represents a 63.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 16,282 shares of company stock worth $215,485. Corporate insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S grew its stake in Nuveen Churchill Direct Lending by 3.2% during the 2nd 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 in the last quarter. Aprio Wealth Management LLC increased its holdings in Nuveen Churchill Direct Lending by 0.8% during the 4th quarter. Aprio Wealth Management LLC now owns 115,053 shares of the company’s stock worth $1,535,000 after purchasing an additional 879 shares during the period. NewEdge Advisors LLC raised its position in Nuveen Churchill Direct Lending by 33.0% in 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 in the last quarter. BNP Paribas Financial Markets raised its position in Nuveen Churchill Direct Lending by 190.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,400 shares of the company’s stock valued at $33,000 after purchasing an additional 1,573 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Nuveen Churchill Direct Lending by 11.4% in the 2nd quarter. Sei Investments Co. now owns 18,678 shares of the company’s stock valued at $302,000 after buying an additional 1,918 shares during the period.

Nuveen Churchill Direct Lending Stock Performance

Nuveen Churchill Direct Lending stock opened at $12.14 on Monday. Nuveen Churchill Direct Lending has a fifty-two week low of $11.97 and a fifty-two week high of $17.11. The firm has a 50 day moving average price of $12.69 and a 200 day moving average price of $13.25. The company has a market capitalization of $599.84 million, a PE ratio of 10.12 and a beta of 0.51.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Nuveen Churchill Direct Lending had a return on equity of 9.80% and a net margin of 29.56%.The firm had revenue of $17.15 million for the quarter, compared to analyst estimates of $47.79 million. As a group, equities research analysts forecast that Nuveen Churchill Direct Lending will post 1.6 earnings per share for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, June 30th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.44 annualized dividend and a dividend yield of 11.9%. Nuveen Churchill Direct Lending’s dividend payout ratio (DPR) is presently 120.00%.

About Nuveen Churchill Direct Lending

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.