Nuveen Churchill Direct Lending (NYSE:NCDL) CAO Marissa Hassen Buys 3,782 Shares

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) CAO Marissa Hassen acquired 3,782 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average price of $13.21 per share, with a total value of $49,960.22. Following the purchase, the chief accounting officer directly owned 9,780 shares in the company, valued at approximately $129,193.80. This represents a 63.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Nuveen Churchill Direct Lending Price Performance

Nuveen Churchill Direct Lending stock traded up $0.05 during midday trading on Wednesday, hitting $13.44. The company’s stock had a trading volume of 117,915 shares, compared to its average volume of 246,026. Nuveen Churchill Direct Lending Corp. has a 1-year low of $12.43 and a 1-year high of $17.27. The company has a 50-day moving average price of $13.56 and a two-hundred day moving average price of $13.84. The company has a market cap of $663.55 million, a price-to-earnings ratio of 11.20 and a beta of 0.63.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). The business had revenue of $17.15 million during the quarter, compared to analyst estimates of $47.79 million. Nuveen Churchill Direct Lending had a return on equity of 9.80% and a net margin of 29.56%. Sell-side analysts forecast that Nuveen Churchill Direct Lending Corp. will post 1.66 EPS for the current year.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, June 30th will be given a $0.36 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.44 annualized dividend and a dividend yield of 10.7%. Nuveen Churchill Direct Lending’s payout ratio is presently 120.00%.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its holdings in shares of Nuveen Churchill Direct Lending by 190.2% during 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 during the last quarter. Advisory Services Network LLC bought a new stake in shares of Nuveen Churchill Direct Lending during the 3rd quarter valued at approximately $38,000. NewEdge Advisors LLC grew its holdings in shares of Nuveen Churchill Direct Lending by 33.0% during 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 during the last quarter. Quadrant Capital Group LLC bought a new stake in Nuveen Churchill Direct Lending during the 3rd quarter worth approximately $80,000. Finally, Global Retirement Partners LLC bought a new stake in Nuveen Churchill Direct Lending during the 3rd quarter worth approximately $85,000.

Analysts Set New Price Targets

Several equities analysts have recently commented on NCDL shares. Truist Financial dropped their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Wall Street Zen cut shares of Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a research report on Saturday. Keefe, Bruyette & Woods dropped their target price on shares of Nuveen Churchill Direct Lending from $16.00 to $15.00 and set a “market perform” rating for the company in a research report on Friday, February 27th. Wells Fargo & Company dropped their target price on shares of Nuveen Churchill Direct Lending from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 4th. Finally, UBS Group boosted their target price on shares of Nuveen Churchill Direct Lending from $14.75 to $15.50 and gave the company a “neutral” rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Nuveen Churchill Direct Lending currently has an average rating of “Hold” and an average price target of $15.50.

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.