Dynamic Technology Lab Private Ltd Buys Shares of 28,934 Nuveen Churchill Direct Lending Corp. $NCDL

Key Points

• Dynamic Technology Lab Private Ltd has acquired 28,934 shares of Nuveen Churchill Direct Lending Corp. ($NCDL), valued at approximately $491,000, increasing its stake to 0.06% by the end of the most recent quarter.
• Nuveen Churchill Direct Lending announced a quarterly dividend of $0.45, with a payout ratio of 98.90%, reflecting an annualized yield of 11.5%.
• As of the latest earnings report, the company achieved a net margin of 43.35% and met consensus EPS estimates, while analysts continue to rate the stock predominantly as a "hold".

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 28,934 shares of the company's stock, valued at approximately $491,000. Dynamic Technology Lab Private Ltd owned 0.06% of Nuveen Churchill Direct Lending at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Merit Financial Group LLC increased its stake in Nuveen Churchill Direct Lending by 0.8% in the 1st quarter. Merit Financial Group LLC now owns 84,467 shares of the company's stock valued at $1,434,000 after purchasing an additional 695 shares in the last quarter. Entropy Technologies LP grew its holdings in Nuveen Churchill Direct Lending by 6.8% in the first quarter. Entropy Technologies LP now owns 12,025 shares of the company's stock valued at $204,000 after purchasing an additional 761 shares during the last quarter. Aprio Wealth Management LLC increased its position in shares of Nuveen Churchill Direct Lending by 0.8% in the first quarter. Aprio Wealth Management LLC now owns 112,471 shares of the company's stock valued at $1,910,000 after buying an additional 867 shares in the last quarter. Dover Advisors LLC raised its stake in shares of Nuveen Churchill Direct Lending by 6.5% during the 1st quarter. Dover Advisors LLC now owns 16,500 shares of the company's stock worth $289,000 after buying an additional 1,000 shares during the last quarter. Finally, Dudley Capital Management LLC boosted its position in shares of Nuveen Churchill Direct Lending by 5.2% in the 1st quarter. Dudley Capital Management LLC now owns 33,862 shares of the company's stock worth $575,000 after buying an additional 1,675 shares in the last quarter.

Insider Buying and Selling

In other Nuveen Churchill Direct Lending news, Treasurer Shaul Vichness bought 5,000 shares of Nuveen Churchill Direct Lending stock in a transaction that occurred on Monday, June 16th. The shares were purchased at an average cost of $16.30 per share, for a total transaction of $81,500.00. Following the completion of the transaction, the treasurer owned 10,000 shares of the company's stock, valued at $163,000. This represents a 100.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.62% of the company's stock.

Nuveen Churchill Direct Lending Stock Performance

Shares of NYSE NCDL opened at $15.59 on Thursday. The company has a 50-day simple moving average of $16.33 and a 200-day simple moving average of $16.27. 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 company has a market cap of $769.99 million, a PE ratio of 8.57 and a beta of 0.47. Nuveen Churchill Direct Lending Corp. has a 12 month low of $14.21 and a 12 month high of $18.01.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $53.13 million for the quarter, compared to the consensus estimate of $54.41 million. Nuveen Churchill Direct Lending had a net margin of 43.35% and a return on equity of 11.88%. On average, equities analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 28th. Stockholders of record on Tuesday, September 30th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.5%. Nuveen Churchill Direct Lending's payout ratio is currently 98.90%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. UBS Group raised their target price on shares of Nuveen Churchill Direct Lending from $16.50 to $17.50 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Wall Street Zen raised shares of Nuveen Churchill Direct Lending from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, JMP Securities cut their price objective on Nuveen Churchill Direct Lending from $18.50 to $18.00 and set a "market outperform" rating for the company in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $16.63.

Nuveen Churchill Direct Lending Company 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.

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