Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Receives $15.75 Consensus PT from Analysts

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) have received a consensus rating of “Hold” from the five analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $15.75.

Several equities analysts have issued reports on NCDL shares. UBS Group dropped their price objective on Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Wall Street Zen raised Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Wells Fargo & Company dropped their price target on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. 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 decreased their price objective on Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th.

Insider Buying and Selling

In other Nuveen Churchill Direct Lending news, Treasurer Shaul Vichness bought 5,000 shares of Nuveen Churchill Direct Lending stock in a transaction dated Monday, November 17th. The stock was acquired at an average cost of $14.20 per share, with a total value of $71,000.00. Following the completion of the acquisition, the treasurer owned 20,000 shares of the company’s stock, valued at approximately $284,000. This represents a 33.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kenneth J. Kencel bought 20,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were acquired at an average price of $14.22 per share, with a total value of $284,400.00. Following the purchase, the chief executive officer directly owned 48,117 shares of the company’s stock, valued at approximately $684,223.74. This trade represents a 71.13% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 27,000 shares of company stock worth $383,600 in the last 90 days. Company insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GraniteShares Advisors LLC lifted its position in Nuveen Churchill Direct Lending by 6.7% in the second quarter. GraniteShares Advisors LLC now owns 167,084 shares of the company’s stock valued at $2,705,000 after purchasing an additional 10,439 shares during the period. Tranquility Partners LLC increased its position in Nuveen Churchill Direct Lending by 15.8% during the 2nd quarter. Tranquility Partners LLC now owns 84,333 shares of the company’s stock worth $1,365,000 after purchasing an additional 11,510 shares during the period. Atlatl Advisers LLC purchased a new position in shares of Nuveen Churchill Direct Lending during the 2nd quarter worth approximately $173,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of Nuveen Churchill Direct Lending by 100.0% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 32,820 shares of the company’s stock valued at $531,000 after buying an additional 16,408 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the 2nd quarter valued at approximately $773,000.

Nuveen Churchill Direct Lending Price Performance

NCDL stock opened at $13.51 on Monday. The business has a 50 day moving average price of $13.98 and a 200 day moving average price of $14.75. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.25. The stock has a market cap of $667.26 million, a price-to-earnings ratio of 8.83 and a beta of 0.40. Nuveen Churchill Direct Lending has a fifty-two week low of $13.03 and a fifty-two week high of $18.01.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.03). The company had revenue of $51.11 million for the quarter, compared to analysts’ expectations of $52.00 million. Nuveen Churchill Direct Lending had a return on equity of 11.13% and a net margin of 36.83%. Equities research analysts anticipate that Nuveen Churchill Direct Lending will post 2.28 earnings per share for the current fiscal year.

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.