Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Shares Bought by Bank of America Corp DE

Bank of America Corp DE lifted its holdings in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 102.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 75,991 shares of the company's stock after purchasing an additional 38,384 shares during the period. Bank of America Corp DE owned about 0.14% of Nuveen Churchill Direct Lending worth $1,275,000 at the end of the most recent quarter.

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

Insider Transactions at Nuveen Churchill Direct Lending

In other Nuveen Churchill Direct Lending news, CEO Kenneth J. Kencel bought 16,234 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average cost of $15.34 per share, for a total transaction of $249,029.56. Following the completion of the transaction, the chief executive officer now directly owns 28,117 shares of the company's stock, valued at approximately $431,314.78. This trade represents a 136.62% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth M. Miranda purchased 3,103 shares of the stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of $15.68 per share, for a total transaction of $48,655.04. Following the completion of the acquisition, the director now 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. 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 currently owned by insiders.

Analysts Set New Price Targets

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

Nuveen Churchill Direct Lending Stock Performance

NYSE:NCDL traded up $0.11 during trading hours on Friday, hitting $16.20. 141,389 shares of the company were exchanged, compared to its average volume of 186,543. 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 52-week low of $14.21 and a 52-week high of $18.01. The stock has a market capitalization of $814.55 million, a price-to-earnings ratio of 6.92 and a beta of 0.47. The company's 50 day moving average price is $15.61 and its 200-day moving average price is $16.61.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last posted its quarterly earnings data 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. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, June 30th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.11%. The ex-dividend date of this dividend is Monday, June 30th. Nuveen Churchill Direct Lending's dividend 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.