Adams Asset Advisors LLC Has $1.40 Million Position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Adams Asset Advisors LLC grew its holdings in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 165.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,394 shares of the company's stock after purchasing an additional 51,382 shares during the period. Adams Asset Advisors LLC owned about 0.16% of Nuveen Churchill Direct Lending worth $1,399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bellevue Asset Management LLC bought a new position in Nuveen Churchill Direct Lending in the fourth quarter valued at $28,000. Tower Research Capital LLC TRC acquired a new position in shares of Nuveen Churchill Direct Lending during the 4th quarter worth about $48,000. NewEdge Advisors LLC grew its holdings in shares of Nuveen Churchill Direct Lending by 680.1% in the 4th quarter. NewEdge Advisors LLC now owns 3,300 shares of the company's stock valued at $55,000 after acquiring an additional 2,877 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Nuveen Churchill Direct Lending by 72.2% in the fourth 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 in the fourth quarter valued at about $171,000.

Insiders Place Their Bets

In related news, Treasurer Shaul Vichness acquired 5,000 shares of the business's stock in a transaction on Monday, June 16th. The stock was purchased at an average cost of $16.30 per share, for a total transaction of $81,500.00. Following the completion of the transaction, the treasurer now directly owns 10,000 shares of the company's stock, valued at approximately $163,000. The trade was a 100.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mat Linett acquired 3,000 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was purchased at an average cost of $15.92 per share, for a total transaction of $47,760.00. Following the completion of the acquisition, the director now owns 8,365 shares in the company, valued at approximately $133,170.80. This represents a 55.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 27,337 shares of company stock valued at $426,945 over the last ninety days. 0.62% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NCDL. UBS Group reduced their price target on Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company cut their price objective 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. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th.

Nuveen Churchill Direct Lending Stock Performance

NYSE:NCDL traded down $0.11 during mid-day trading on Friday, hitting $16.51. The stock had a trading volume of 55,742 shares, compared to its average volume of 190,796. Nuveen Churchill Direct Lending Corp. has a twelve month low of $14.21 and a twelve month high of $18.01. The stock has a market cap of $830.12 million, a price-to-earnings ratio of 8.83 and a beta of 0.47. The company's 50 day simple moving average is $15.77 and its 200 day simple moving average is $16.56. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.79 and a current ratio of 1.79.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.04). Nuveen Churchill Direct Lending had a net margin of 44.83% and a return on equity of 12.42%. The business had revenue of $53.59 million during the quarter, compared to the consensus estimate of $56.01 million. On average, equities research analysts forecast that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current year.

Nuveen Churchill Direct Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, June 30th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, June 30th. This represents a $1.80 dividend on an annualized basis and a yield of 10.90%. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) is 96.26%.

Nuveen Churchill Direct Lending Company 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.