Family Office Research LLC bought a new stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,456 shares of the company's stock, valued at approximately $477,000. Family Office Research LLC owned 0.05% of Nuveen Churchill Direct Lending as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of NCDL. Renaissance Technologies LLC lifted its holdings in Nuveen Churchill Direct Lending by 146.2% during the fourth quarter. Renaissance Technologies LLC now owns 267,900 shares of the company's stock worth $4,495,000 after acquiring an additional 159,100 shares during the period. Cerity Partners LLC bought a new position in shares of Nuveen Churchill Direct Lending in the fourth quarter worth $228,000. Hurley Capital LLC bought a new stake in shares of Nuveen Churchill Direct Lending during the 4th quarter valued at about $220,000. Wells Fargo & Company MN increased its holdings in shares of Nuveen Churchill Direct Lending by 2,468.4% in the 4th quarter. Wells Fargo & Company MN now owns 267,709 shares of the company's stock worth $4,492,000 after buying an additional 257,286 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new stake in Nuveen Churchill Direct Lending during the fourth quarter worth about $292,000.
Nuveen Churchill Direct Lending Stock Performance
Shares of NCDL stock traded up $0.05 during trading hours on Wednesday, reaching $15.10. The company had a trading volume of 207,304 shares, compared to its average volume of 162,275. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $784.70 million, a PE ratio of 6.45 and a beta of 0.37. The business has a fifty day moving average price of $16.88 and a 200-day moving average price of $17.00. Nuveen Churchill Direct Lending Corp. has a one year low of $14.21 and a one year high of $18.05.
Nuveen Churchill Direct Lending Announces Dividend
The firm also recently declared a -- dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 10.3%. Nuveen Churchill Direct Lending's dividend payout ratio is presently 83.72%.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods lowered their price objective 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.
Read Our Latest Analysis on NCDL
About Nuveen Churchill Direct Lending
(
Free Report)
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.
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