29,233 Shares in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. purchased a new position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 29,233 shares of the company's stock, valued at approximately $491,000. Balyasny Asset Management L.P. owned 0.05% of Nuveen Churchill Direct Lending at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bellevue Asset Management LLC bought a new stake in shares of Nuveen Churchill Direct Lending in the fourth quarter valued at about $28,000. Farther Finance Advisors LLC lifted its position in shares of Nuveen Churchill Direct Lending by 72.2% in the 4th quarter. Farther Finance Advisors LLC now owns 5,512 shares of the company's stock worth $92,000 after purchasing an additional 2,311 shares during the period. Catalina Capital Group LLC boosted its stake in shares of Nuveen Churchill Direct Lending by 26.2% during the fourth quarter. Catalina Capital Group LLC now owns 13,184 shares of the company's stock valued at $221,000 after purchasing an additional 2,735 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Nuveen Churchill Direct Lending by 680.1% during the fourth quarter. NewEdge Advisors LLC now owns 3,300 shares of the company's stock valued at $55,000 after buying an additional 2,877 shares during the period. Finally, Tower Research Capital LLC TRC bought a new position in Nuveen Churchill Direct Lending in the fourth quarter worth approximately $48,000.

Wall Street Analyst Weigh In

NCDL has been the subject of several recent research reports. Keefe, Bruyette & Woods reduced their price target on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company decreased their price target on shares of Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 13th. Finally, UBS Group cut their price objective on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating on the stock in a research report on Thursday, April 17th.

Insider Transactions at Nuveen Churchill Direct Lending

In other news, CEO Kenneth J. Kencel acquired 16,234 shares of the firm's stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $15.34 per share, for a total transaction of $249,029.56. Following the completion of the transaction, the chief executive officer now owns 28,117 shares in the company, valued at approximately $431,314.78. The trade was a 136.62% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.62% of the company's stock.

Nuveen Churchill Direct Lending Stock Up 1.1%

NYSE NCDL traded up $0.17 during trading on Monday, hitting $16.07. The company's stock had a trading volume of 147,117 shares, compared to its average volume of 179,628. Nuveen Churchill Direct Lending Corp. has a fifty-two week low of $14.21 and a fifty-two week high of $18.05. The company has a market cap of $808.02 million, a PE ratio of 6.87 and a beta of 0.45. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 1.69. The business's 50 day simple moving average is $15.99 and its 200-day simple moving average is $16.72.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.04). The company had revenue of $53.59 million for the quarter, compared to analyst estimates of $56.01 million. Nuveen Churchill Direct Lending had a net margin of 53.56% and a return on equity of 12.72%. On average, equities analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Monday, June 30th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.80 annualized dividend and a yield of 11.20%. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) is presently 96.26%.

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.