Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) have received an average rating of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $13.62.

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods dropped their price target on Nuveen Churchill Direct Lending from $15.00 to $13.50 and set a “market perform” rating on the stock in a research report on Monday, August 10th. UBS Group upgraded Nuveen Churchill Direct Lending from a “neutral” rating to a “buy” rating and decreased their target price for the company from $14.75 to $13.00 in a research report on Tuesday, September 1st. Wall Street Zen raised shares of Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Zacks Research raised shares of Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st.

Nuveen Churchill Direct Lending Trading Up 0.1%

Nuveen Churchill Direct Lending stock opened at $11.17 on Wednesday. The firm has a market capitalization of $551.65 million, a P/E ratio of 11.76 and a beta of 0.55. The business has a 50-day moving average of $11.54 and a 200-day moving average of $12.75. 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 issued its quarterly earnings data on Thursday, August 6th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $11.14 million for the quarter, compared to analyst estimates of $46.72 million. Nuveen Churchill Direct Lending had a return on equity of 9.60% and a net margin of 24.44%. Research analysts anticipate that Nuveen Churchill Direct Lending will post 1.60 EPS for the current fiscal year.

Institutional Trading of Nuveen Churchill Direct Lending

A number of hedge funds have recently modified their holdings of the company. Park Avenue Securities LLC acquired a new position in shares of Nuveen Churchill Direct Lending in the 3rd quarter valued at approximately $151,000. NewGen Asset Management Ltd bought a new position in shares of Nuveen Churchill Direct Lending during the 1st quarter valued at approximately $355,000. Lido Advisors LLC lifted its holdings in shares of Nuveen Churchill Direct Lending by 19.9% in the first quarter. Lido Advisors LLC now owns 53,788 shares of the company’s stock worth $705,000 after buying an additional 8,932 shares in the last quarter. Confluence Investment Management LLC raised its holdings in shares of Nuveen Churchill Direct Lending by 2.6% during the 3rd quarter. Confluence Investment Management LLC now owns 70,694 shares of the company’s stock valued at $795,000 after buying an additional 1,787 shares in the last quarter. Finally, NewEdge Wealth LLC boosted its stake in shares of Nuveen Churchill Direct Lending by 199.3% during the 1st quarter. NewEdge Wealth LLC now owns 89,776 shares of the company’s stock valued at $1,142,000 after purchasing an additional 59,777 shares in the last quarter.

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.