Ameriprise Financial Inc. Purchases 60,044 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Ameriprise Financial Inc. grew its stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 50.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,049 shares of the company's stock after purchasing 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 quarter.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Nuveen Churchill Direct Lending by 94.3% in the fourth quarter. JPMorgan Chase & Co. now owns 751,442 shares of the company's stock worth $12,609,000 after purchasing an additional 364,739 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of Nuveen Churchill Direct Lending in the 4th quarter worth about $4,798,000. Wells Fargo & Company MN increased its stake 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 acquiring an additional 257,286 shares in the last quarter. Corient Private Wealth LLC lifted its position in Nuveen Churchill Direct Lending by 9.5% during the 4th quarter. Corient Private Wealth LLC now owns 2,712,348 shares of the company's stock valued at $45,513,000 after acquiring an additional 234,395 shares during the period. Finally, Opal Wealth Advisors LLC boosted its stake in Nuveen Churchill Direct Lending by 105.6% during the fourth quarter. Opal Wealth Advisors LLC now owns 400,231 shares of the company's stock worth $6,716,000 after acquiring an additional 205,593 shares in the last quarter.

Nuveen Churchill Direct Lending Stock Performance

Nuveen Churchill Direct Lending stock traded up $0.10 during midday trading on Friday, reaching $16.25. 140,396 shares of the company traded hands, compared to its average volume of 182,461. 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 Corp. has a 12 month low of $14.21 and a 12 month high of $18.05. The firm has a market capitalization of $817.07 million, a price-to-earnings ratio of 6.94 and a beta of 0.45. The business has a 50 day moving average of $15.75 and a two-hundred day moving average of $16.65.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last released its quarterly 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). Nuveen Churchill Direct Lending had a return on equity of 12.72% and a net margin of 53.56%. The firm had revenue of $53.59 million during the quarter, compared to analysts' expectations of $56.01 million. As a group, research analysts predict that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current year.

Nuveen Churchill Direct Lending Announces Dividend

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 paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.08%. Nuveen Churchill Direct Lending's dividend payout ratio is currently 96.26%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NCDL shares. Keefe, Bruyette & Woods dropped their target price 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. 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. Finally, Wells Fargo & Company dropped their price objective on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 13th.

Insider Buying and Selling at Nuveen Churchill Direct Lending

In related news, Director Kenneth M. Miranda acquired 3,103 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were purchased at an average price of $15.68 per share, with a total value of $48,655.04. Following the completion of the purchase, the director now directly owns 3,103 shares of the company's stock, valued at $48,655.04. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kenneth J. Kencel bought 16,234 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $15.34 per share, for a total transaction of $249,029.56. Following the purchase, the chief executive officer now directly 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. Corporate insiders own 0.62% of the company's stock.

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.