Nuveen Churchill Direct Lending (NCDL) to Release Quarterly Earnings on Thursday

Nuveen Churchill Direct Lending (NYSE:NCDL) will likely be posting its results before the market opens on Thursday, February 26th. Analysts expect Nuveen Churchill Direct Lending to post earnings of $0.43 per share and revenue of $49.6020 million for the quarter.

Nuveen Churchill Direct Lending Trading Down 1.7%

Shares of NCDL stock opened at $13.27 on Wednesday. The firm has a market cap of $655.26 million, a P/E ratio of 8.67 and a beta of 0.40. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.65 and a quick ratio of 1.65. The firm’s 50-day simple moving average is $13.66 and its 200-day simple moving average is $14.38. Nuveen Churchill Direct Lending has a 1-year low of $12.95 and a 1-year high of $18.01.

Wall Street Analyst Weigh In

NCDL has been the subject of a number of recent research reports. Wells Fargo & Company lowered their target price on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Wall Street Zen raised Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a research report on Sunday. Zacks Research upgraded Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.75.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Hedge funds have recently added to or reduced their stakes in the company. Ares Management LLC lifted its stake in shares of Nuveen Churchill Direct Lending by 188.3% in the fourth quarter. Ares Management LLC now owns 360,830 shares of the company’s stock worth $4,813,000 after buying an additional 235,674 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Nuveen Churchill Direct Lending by 213.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 339,978 shares of the company’s stock worth $4,535,000 after purchasing an additional 231,400 shares in the last quarter. Millennium Management LLC increased its holdings in Nuveen Churchill Direct Lending by 64.1% in the 3rd quarter. Millennium Management LLC now owns 136,567 shares of the company’s stock valued at $1,885,000 after buying an additional 53,342 shares during the period. Bank of America Corp DE grew its stake in shares of Nuveen Churchill Direct Lending by 8.8% in the 3rd quarter. Bank of America Corp DE now owns 93,609 shares of the company’s stock valued at $1,292,000 after purchasing an additional 7,573 shares during the period. Finally, Cresset Asset Management LLC raised its stake in 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 acquiring an additional 5,391 shares in the last quarter.

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.