Jane Street Group LLC Takes Position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Jane Street Group LLC bought a new position in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,047 shares of the company's stock, valued at approximately $303,000.

A number of other large investors have also recently modified their holdings of the business. Bellevue Asset Management LLC acquired a new position in Nuveen Churchill Direct Lending during the 4th quarter worth approximately $28,000. Tower Research Capital LLC TRC acquired a new position in shares of Nuveen Churchill Direct Lending during the fourth quarter worth $48,000. NewEdge Advisors LLC increased its holdings in shares of Nuveen Churchill Direct Lending by 680.1% during the fourth quarter. NewEdge Advisors LLC now owns 3,300 shares of the company's stock worth $55,000 after buying an additional 2,877 shares in the last quarter. Farther Finance Advisors LLC lifted its stake 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 valued at $92,000 after acquiring an additional 2,311 shares during the last quarter. Finally, OneAscent Wealth Management LLC acquired a new stake in shares of Nuveen Churchill Direct Lending during the 4th quarter valued at $171,000.

Insider Transactions at Nuveen Churchill Direct Lending

In other news, Director Mat Linett bought 3,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were bought at an average cost of $15.92 per share, for a total transaction of $47,760.00. Following the acquisition, the director now directly owns 8,365 shares in the company, valued at approximately $133,170.80. This trade represents a 55.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kenneth J. Kencel purchased 16,234 shares of Nuveen Churchill Direct Lending stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average cost of $15.34 per share, with a total value of $249,029.56. Following the transaction, the chief executive officer now owns 28,117 shares in the company, valued at $431,314.78. This trade represents a 136.62% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 22,337 shares of company stock worth $345,445 over the last three months. 0.62% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NCDL shares. Wells Fargo & Company lowered their target price on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Tuesday, May 13th. Keefe, Bruyette & Woods reduced their price target on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Finally, UBS Group dropped their price objective on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating for the company in a report on Thursday, April 17th.

Nuveen Churchill Direct Lending Trading Up 0.5%

Shares of Nuveen Churchill Direct Lending stock traded up $0.08 during trading on Thursday, hitting $16.11. The company's stock had a trading volume of 100,013 shares, compared to its average volume of 268,892. The stock has a market cap of $810.03 million, a price-to-earnings ratio of 6.88 and a beta of 0.45. Nuveen Churchill Direct Lending Corp. has a 52 week low of $14.21 and a 52 week high of $18.05. The stock has a 50-day moving average price of $15.64 and a two-hundred day moving average price of $16.62. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 1.69.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.04). Nuveen Churchill Direct Lending had a return on equity of 12.72% and a net margin of 53.56%. The company had revenue of $53.59 million for the quarter, compared to analyst estimates of $56.01 million. Equities research 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 company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.80 annualized dividend and a yield of 11.17%. Nuveen Churchill Direct Lending's payout ratio is 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.