Vise Technologies Inc. Buys New Shares in Nuveen Churchill Direct Lending Corp. $NCDL

Vise Technologies Inc. bought a new stake in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 95,252 shares of the company’s stock, valued at approximately $1,271,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UBS Group AG lifted its stake in Nuveen Churchill Direct Lending by 40.0% during the fourth quarter. UBS Group AG now owns 689,050 shares of the company’s stock valued at $9,192,000 after purchasing an additional 196,956 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Nuveen Churchill Direct Lending during the third quarter valued at approximately $604,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen Churchill Direct Lending by 14.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 479,357 shares of the company’s stock valued at $6,395,000 after acquiring an additional 60,786 shares during the period. Callodine Capital Management LP raised its holdings in shares of Nuveen Churchill Direct Lending by 9.1% during the third quarter. Callodine Capital Management LP now owns 572,800 shares of the company’s stock valued at $7,905,000 after acquiring an additional 47,800 shares during the period. Finally, NewEdge Wealth LLC acquired a new stake in shares of Nuveen Churchill Direct Lending during the fourth quarter valued at approximately $400,000.

Insider Buying and Selling at Nuveen Churchill Direct Lending

In other Nuveen Churchill Direct Lending news, Treasurer Shaul Vichness purchased 5,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were bought at an average price of $13.13 per share, for a total transaction of $65,650.00. Following the purchase, the treasurer directly owned 25,000 shares in the company, valued at $328,250. This trade represents a 25.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Marissa Hassen purchased 3,782 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $13.21 per share, for a total transaction of $49,960.22. Following the purchase, the chief accounting officer owned 9,780 shares in the company, valued at $129,193.80. The trade was a 63.05% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 13,782 shares of company stock worth $181,610. 0.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NCDL. Keefe, Bruyette & Woods cut their price target on shares of Nuveen Churchill Direct Lending from $16.00 to $15.00 and set a “market perform” rating on the stock in a report on Friday, February 27th. Wells Fargo & Company cut their price target on shares of Nuveen Churchill Direct Lending from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 4th. Wall Street Zen lowered shares of Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research lowered shares of Nuveen Churchill Direct Lending from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. Finally, Truist Financial cut their price target on shares of Nuveen Churchill Direct Lending from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.35.

Nuveen Churchill Direct Lending Stock Performance

Nuveen Churchill Direct Lending stock opened at $12.65 on Tuesday. The firm has a market cap of $624.78 million, a PE ratio of 10.54 and a beta of 0.51. The firm’s 50 day moving average price is $13.47 and its two-hundred day moving average price is $13.66. Nuveen Churchill Direct Lending Corp. has a twelve month low of $12.43 and a twelve month high of $17.27.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released 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 company had revenue of $17.15 million during the quarter, compared to analyst estimates of $47.79 million. Nuveen Churchill Direct Lending had a net margin of 29.56% and a return on equity of 9.80%. Equities analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 1.6 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, June 30th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 11.4%. The ex-dividend date is Tuesday, June 30th. Nuveen Churchill Direct Lending’s dividend payout ratio is currently 120.00%.

Nuveen Churchill Direct Lending 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.