ExodusPoint Capital Management LP Takes $292,000 Position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

ExodusPoint Capital Management LP acquired a new stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 17,428 shares of the company's stock, valued at approximately $292,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bellevue Asset Management LLC purchased a new stake in shares of Nuveen Churchill Direct Lending during the fourth quarter valued at approximately $28,000. Farther Finance Advisors LLC boosted its position in Nuveen Churchill Direct Lending by 72.2% during the 4th quarter. Farther Finance Advisors LLC now owns 5,512 shares of the company's stock valued at $92,000 after buying an additional 2,311 shares during the period. Sunbelt Securities Inc. grew its holdings in Nuveen Churchill Direct Lending by 36.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,496 shares of the company's stock worth $131,000 after acquiring an additional 2,009 shares during the last quarter. OneAscent Wealth Management LLC purchased a new position in shares of Nuveen Churchill Direct Lending in the fourth quarter valued at about $171,000. Finally, Vestia Personal Wealth Advisors purchased a new position in shares of Nuveen Churchill Direct Lending in the fourth quarter valued at about $184,000.

Nuveen Churchill Direct Lending Trading Up 1.2 %

Shares of NYSE:NCDL traded up $0.18 on Friday, hitting $15.15. The company had a trading volume of 280,109 shares, compared to its average volume of 164,924. The firm's 50-day simple moving average is $16.74 and its two-hundred day simple moving average is $16.95. The firm has a market capitalization of $775.99 million, a price-to-earnings ratio of 6.47 and a beta of 0.37. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.10. Nuveen Churchill Direct Lending Corp. has a 1 year low of $14.21 and a 1 year high of $18.05.

Nuveen Churchill Direct Lending Announces Dividend

The business also recently disclosed a -- dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be issued a $0.10 dividend. The ex-dividend date is Monday, March 31st. This represents a yield of 10.3%. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) is presently 83.72%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their target price on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. UBS Group cut their price objective on Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating on the stock in a research report on Thursday.

Nuveen Churchill Direct Lending Profile

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.