25,619 Shares in Nuveen Churchill Direct Lending Corp. $NCDL Bought by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S has acquired a new stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL), purchasing 25,619 shares valued at approximately $435,000, reflecting a 0.05% ownership.
• A number of institutional investors, including Wealth Enhancement Advisory Services LLC and Bank of America Corp DE, have significantly increased their holdings in NCDL during the fourth quarter, indicating growing interest in the stock.
• Nuveen Churchill Direct Lending recently announced a quarterly dividend of $0.45 per share, which equates to an annualized yield of 11.3%, with a payout ratio of 98.90%.

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 25,619 shares of the company's stock, valued at approximately $435,000. BI Asset Management Fondsmaeglerselskab A S owned 0.05% of Nuveen Churchill Direct Lending as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new position in shares of Nuveen Churchill Direct Lending in the 4th quarter valued at about $48,000. NewEdge Advisors LLC lifted its stake in Nuveen Churchill Direct Lending by 680.1% during the fourth quarter. NewEdge Advisors LLC now owns 3,300 shares of the company's stock worth $55,000 after purchasing an additional 2,877 shares during the last quarter. Graybill Wealth Management LTD. purchased a new stake in Nuveen Churchill Direct Lending during the first quarter worth approximately $115,000. Virtu Financial LLC purchased a new stake in Nuveen Churchill Direct Lending during the first quarter worth approximately $178,000. Finally, Aigen Investment Management LP purchased a new stake in Nuveen Churchill Direct Lending during the first quarter worth approximately $181,000.

Insiders Place Their Bets

In other Nuveen Churchill Direct Lending news, Treasurer Shaul Vichness acquired 5,000 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were purchased at an average price of $16.30 per share, with a total value of $81,500.00. Following the completion of the acquisition, the treasurer directly owned 10,000 shares of the company's stock, valued at approximately $163,000. The trade was a 100.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.62% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on NCDL shares. UBS Group lifted their price target on Nuveen Churchill Direct Lending from $16.50 to $17.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. JMP Securities cut their price target on Nuveen Churchill Direct Lending from $18.50 to $18.00 and set a "market outperform" rating on the stock in a research report on Tuesday, June 24th. Wall Street Zen raised Nuveen Churchill Direct Lending from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Wells Fargo & Company cut their price target 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. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Nuveen Churchill Direct Lending presently has an average rating of "Hold" and an average target price of $16.63.

Nuveen Churchill Direct Lending Stock Performance

Shares of NYSE:NCDL traded up $0.07 during trading on Friday, reaching $15.93. The company had a trading volume of 11,560 shares, compared to its average volume of 235,165. The firm has a market capitalization of $786.93 million, a price-to-earnings ratio of 8.74 and a beta of 0.48. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 1.13. The stock's fifty day moving average price is $16.42 and its 200 day moving average price is $16.37. Nuveen Churchill Direct Lending Corp. has a fifty-two week low of $14.21 and a fifty-two week high of $18.01.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.46. The business had revenue of $53.13 million for the quarter, compared to analyst estimates of $54.41 million. Nuveen Churchill Direct Lending had a return on equity of 11.88% and a net margin of 43.35%. As a group, equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 28th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Nuveen Churchill Direct Lending's dividend payout ratio is currently 98.90%.

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.