Adams Asset Advisors LLC Increases Stock Holdings in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Adams Asset Advisors LLC raised its position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 165.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,394 shares of the company's stock after acquiring an additional 51,382 shares during the quarter. Adams Asset Advisors LLC owned approximately 0.16% of Nuveen Churchill Direct Lending worth $1,399,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NCDL. JPMorgan Chase & Co. grew its position in shares of Nuveen Churchill Direct Lending by 94.3% during the 4th quarter. JPMorgan Chase & Co. now owns 751,442 shares of the company's stock valued at $12,609,000 after acquiring an additional 364,739 shares during the period. Millennium Management LLC grew its position in shares of Nuveen Churchill Direct Lending by 361.6% during the 4th quarter. Millennium Management LLC now owns 437,992 shares of the company's stock valued at $7,350,000 after acquiring an additional 343,113 shares during the period. Ieq Capital LLC bought a new stake in shares of Nuveen Churchill Direct Lending during the 4th quarter valued at $4,798,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Nuveen Churchill Direct Lending by 364.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 342,773 shares of the company's stock valued at $5,820,000 after acquiring an additional 268,968 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Nuveen Churchill Direct Lending by 2,468.4% during the 4th quarter. Wells Fargo & Company MN now owns 267,709 shares of the company's stock valued at $4,492,000 after acquiring an additional 257,286 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company cut their price objective 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. 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 on the stock in a research note on Tuesday, April 8th. Finally, UBS Group decreased their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating on the stock in a research note on Thursday, April 17th.

Nuveen Churchill Direct Lending Price Performance

NCDL traded up $0.06 on Friday, hitting $16.68. 1,350,064 shares of the company's stock traded hands, compared to its average volume of 197,053. The company's 50 day simple moving average is $15.81 and its 200-day simple moving average is $16.55. The firm has a market cap of $838.49 million, a price-to-earnings ratio of 8.92 and a beta of 0.47. Nuveen Churchill Direct Lending Corp. has a one year low of $14.21 and a one year high of $18.01. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.30.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last issued its earnings results 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). The business had revenue of $53.59 million for the quarter, compared to the consensus estimate of $56.01 million. Nuveen Churchill Direct Lending had a net margin of 44.83% and a return on equity of 12.42%. As a group, research analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Monday, June 30th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 10.79%. The ex-dividend date is Monday, June 30th. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) is presently 96.26%.

Insider Activity at Nuveen Churchill Direct Lending

In other news, Director Mat Linett purchased 3,000 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was acquired at an average price of $15.92 per share, for a total transaction of $47,760.00. Following the acquisition, the director now directly owns 8,365 shares of the company's stock, valued at $133,170.80. This represents a 55.92% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kenneth J. Kencel purchased 16,234 shares of the business's stock in a transaction on Monday, May 12th. The shares were purchased at an average price of $15.34 per share, with a total value of $249,029.56. Following the acquisition, the chief executive officer now directly owns 28,117 shares in the company, valued at $431,314.78. This represents a 136.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 27,337 shares of company stock valued at $426,945. 0.62% of the stock is owned by company insiders.

About Nuveen Churchill Direct Lending

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.