Citadel Advisors LLC Increases Stock Position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Citadel Advisors LLC increased its position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 96.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 130,287 shares of the company's stock after acquiring an additional 64,023 shares during the quarter. Citadel Advisors LLC owned about 0.24% of Nuveen Churchill Direct Lending worth $2,186,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NCDL. Balyasny Asset Management L.P. purchased a new position in Nuveen Churchill Direct Lending in the 4th quarter valued at approximately $491,000. Bank of America Corp DE grew its position in shares of Nuveen Churchill Direct Lending by 102.1% in the fourth quarter. Bank of America Corp DE now owns 75,991 shares of the company's stock valued at $1,275,000 after purchasing an additional 38,384 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Nuveen Churchill Direct Lending by 50.5% during the 4th quarter. Ameriprise Financial Inc. now owns 179,049 shares of the company's stock valued at $3,004,000 after purchasing an additional 60,044 shares during the period. Jane Street Group LLC purchased a new stake in Nuveen Churchill Direct Lending during the 4th quarter worth about $303,000. Finally, Virtus ETF Advisers LLC lifted its holdings in Nuveen Churchill Direct Lending by 67.3% during the 4th quarter. Virtus ETF Advisers LLC now owns 12,947 shares of the company's stock worth $217,000 after purchasing an additional 5,210 shares in the last quarter.

Insider Activity at Nuveen Churchill Direct Lending

In related news, CEO Kenneth J. Kencel purchased 16,234 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average price of $15.34 per share, for a total transaction of $249,029.56. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth M. Miranda bought 3,103 shares of Nuveen Churchill Direct Lending stock in a transaction on Friday, May 23rd. The shares were purchased at an average price of $15.68 per share, for a total transaction of $48,655.04. Following the acquisition, the director now directly owns 3,103 shares in the company, valued at approximately $48,655.04. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.62% of the stock is currently owned by company insiders.

Nuveen Churchill Direct Lending Price Performance

NYSE NCDL traded up $0.12 during trading hours on Wednesday, reaching $16.06. 13,293 shares of the stock traded hands, compared to its average volume of 271,648. 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 stock has a 50 day simple moving average of $15.79 and a two-hundred day simple moving average of $16.66. Nuveen Churchill Direct Lending Corp. has a 1 year low of $14.21 and a 1 year high of $18.05. The company has a market cap of $807.26 million, a price-to-earnings ratio of 6.86 and a beta of 0.45.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last announced 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). The firm 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 53.56% and a return on equity of 12.72%. On average, analysts predict that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, June 30th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, June 30th. This represents a $1.80 annualized dividend and a yield of 11.21%. Nuveen Churchill Direct Lending's payout ratio is 96.26%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NCDL shares. Wells Fargo & Company decreased 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. UBS Group lowered 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. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th.

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.