Keefe, Bruyette & Woods Issues Pessimistic Forecast for Nuveen Churchill Direct Lending (NYSE:NCDL) Stock Price

Nuveen Churchill Direct Lending (NYSE:NCDL) had its price objective decreased by equities researchers at Keefe, Bruyette & Woods from $13.50 to $13.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods‘s target price indicates a potential upside of 9.39% from the company’s current price.

NCDL has been the topic of several other research reports. Wall Street Zen raised shares of Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. UBS Group upgraded shares of Nuveen Churchill Direct Lending from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $14.75 to $13.00 in a report on Tuesday, September 1st. Zacks Research raised shares of Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $11.00 price objective on shares of Nuveen Churchill Direct Lending in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.25.

Nuveen Churchill Direct Lending Price Performance

NCDL stock opened at $11.88 on Wednesday. The business’s 50-day moving average is $11.51 and its two-hundred day moving average is $12.73. The firm has a market capitalization of $586.95 million, a P/E ratio of 12.51 and a beta of 0.55. Nuveen Churchill Direct Lending has a 1 year low of $10.31 and a 1 year high of $15.07.

Nuveen Churchill Direct Lending (NYSE:NCDL) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Nuveen Churchill Direct Lending had a return on equity of 9.60% and a net margin of 24.44%. The company had revenue of $43.67 million for the quarter, compared to analyst estimates of $43.72 million. On average, analysts expect that Nuveen Churchill Direct Lending will post 1.60 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Opal Wealth Advisors LLC grew its holdings in shares of Nuveen Churchill Direct Lending by 2.0% during the third quarter. Opal Wealth Advisors LLC now owns 646,793 shares of the company’s stock worth $7,270,000 after purchasing an additional 12,522 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Nuveen Churchill Direct Lending by 2.9% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 442,680 shares of the company’s stock worth $5,498,000 after purchasing an additional 12,646 shares in the last quarter. Centurion Wealth Management LLC purchased a new stake in shares of Nuveen Churchill Direct Lending in the 2nd quarter valued at about $3,879,000. Bulldog Investors LLP lifted its holdings in shares of Nuveen Churchill Direct Lending by 29.6% in the 1st quarter. Bulldog Investors LLP now owns 224,822 shares of the company’s stock valued at $2,860,000 after purchasing an additional 51,410 shares during the last quarter. Finally, GraniteShares Advisors LLC lifted its holdings in shares of Nuveen Churchill Direct Lending by 1.6% in the 3rd quarter. GraniteShares Advisors LLC now owns 204,945 shares of the company’s stock valued at $2,304,000 after purchasing an additional 3,168 shares during the last quarter.

Key Headlines Impacting Nuveen Churchill Direct Lending

Here are the key news stories impacting Nuveen Churchill Direct Lending this week:

• Positive Sentiment: NCDL plans to grow its joint venture to approximately $300 million over coming quarters, a potential source of additional investment capacity and future income. Article: Nuveen Churchill Direct Lending outlines plan to ramp joint venture
• Positive Sentiment: Third-quarter net investment income was $0.38 per share. A distribution report describes $0.36 per share plus a $0.02 supplemental distribution, suggesting income covered the regular amount. Article: NCDL declares distribution
• Neutral Sentiment: Quarterly results included a 9.60% return on equity and a 24.44% net margin, offering context on profitability. Article: NCDL announces third-quarter results
• Negative Sentiment: EPS of $0.38 missed the $0.39 consensus, while revenue of $43.67 million was just below the $43.72 million estimate. One distribution report describes the $0.02 payment as a quarterly dividend cut from $0.36; another identifies it as supplemental to a $0.36 distribution, so the reports conflict. Article: NCDL quarterly earnings

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) is a closed-end investment company that has elected to be regulated as a business development company. The company provides financing to privately owned, primarily U.S.-based middle-market businesses.

NCDL invests mainly in senior secured loans and other debt investments, with a focus on companies that may have limited access to traditional bank financing. Its portfolio may also include unitranche loans, subordinated debt and, to a lesser extent, equity or equity-related investments.