Ameriprise Financial Inc. Has $3 Million Stock Holdings in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Ameriprise Financial Inc. raised its stake in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 50.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 179,049 shares of the company's stock after buying an additional 60,044 shares during the quarter. Ameriprise Financial Inc. owned about 0.33% of Nuveen Churchill Direct Lending worth $3,004,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bellevue Asset Management LLC purchased a new position in shares of Nuveen Churchill Direct Lending during the 4th quarter worth $28,000. Farther Finance Advisors LLC grew its stake in shares of Nuveen Churchill Direct Lending by 72.2% during 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 in the last quarter. Catalina Capital Group LLC grew 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 acquiring an additional 2,735 shares in the last quarter. NewEdge Advisors LLC grew its stake 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 valued at $55,000 after acquiring an additional 2,877 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in Nuveen Churchill Direct Lending in the fourth quarter worth about $48,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group decreased 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 note on Thursday, April 17th. Keefe, Bruyette & Woods cut 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, Wells Fargo & Company dropped their target price on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 13th.

Insider Activity at Nuveen Churchill Direct Lending

In other news, CEO Kenneth J. Kencel bought 16,234 shares of the business's stock in a transaction on Monday, May 12th. The stock was purchased at an average price of $15.34 per share, with a total value of $249,029.56. Following the transaction, the chief executive officer now directly owns 28,117 shares in the company, valued at approximately $431,314.78. The trade was a 136.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kenneth M. Miranda acquired 3,103 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $15.68 per share, with a total value of $48,655.04. Following the transaction, the director now directly owns 3,103 shares of the company's stock, valued at $48,655.04. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.62% of the stock is owned by company insiders.

Nuveen Churchill Direct Lending Trading Up 0.6%

NYSE NCDL traded up $0.10 on Friday, hitting $16.25. 140,396 shares of the stock were exchanged, compared to its average volume of 183,652. Nuveen Churchill Direct Lending Corp. has a 52-week low of $14.21 and a 52-week high of $18.05. 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 company has a market capitalization of $817.07 million, a price-to-earnings ratio of 6.94 and a beta of 0.45. The company's 50-day moving average price is $15.73 and its two-hundred day moving average price is $16.64.

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 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%. Research analysts predict that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Monday, June 30th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 11.08%. The ex-dividend date of this dividend is Monday, June 30th. Nuveen Churchill Direct Lending's payout ratio 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.