28,934 Shares in Nuveen Churchill Direct Lending Corp. $NCDL Purchased by Dynamic Technology Lab Private Ltd

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 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 & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Nuveen Churchill Direct Lending in the fourth quarter worth $303,000. Ameriprise Financial Inc. increased its holdings in shares of Nuveen Churchill Direct Lending by 50.5% in the fourth 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 last quarter. Bank of America Corp DE grew its stake 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 acquiring an additional 38,384 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Nuveen Churchill Direct Lending in the fourth quarter valued at about $491,000. Finally, Citadel Advisors LLC grew its stake in Nuveen Churchill Direct Lending by 96.6% during the fourth quarter. Citadel Advisors LLC now owns 130,287 shares of the company's stock worth $2,186,000 after buying an additional 64,023 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NCDL shares. Wall Street Zen upgraded shares of Nuveen Churchill Direct Lending from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. JMP Securities reduced their price objective on shares of 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. Finally, UBS Group lifted their price target on shares of Nuveen Churchill Direct Lending from $16.50 to $17.50 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $16.63.

Nuveen Churchill Direct Lending Stock Down 0.1%

NCDL traded down $0.02 during trading on Tuesday, reaching $14.83. The stock had a trading volume of 197,845 shares, compared to its average volume of 155,638. The stock's 50 day moving average is $16.21 and its two-hundred day moving average is $16.19. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $732.45 million, a price-to-earnings ratio of 8.15 and a beta of 0.47. Nuveen Churchill Direct Lending Corp. has a one year low of $14.21 and a one year 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 EPS for the quarter, hitting analysts' consensus estimates of $0.46. Nuveen Churchill Direct Lending had a return on equity of 11.88% and a net margin of 43.35%.The firm had revenue of $53.13 million for the quarter, compared to analysts' expectations of $54.41 million. As a group, analysts expect that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The business 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Nuveen Churchill Direct Lending's payout ratio is presently 98.90%.

Insider Transactions at Nuveen Churchill Direct Lending

In other news, Treasurer Shaul Vichness acquired 5,000 shares of the firm's stock in a transaction dated Tuesday, September 16th. The shares were acquired at an average cost of $14.85 per share, with a total value of $74,250.00. Following the acquisition, the treasurer directly owned 15,000 shares of the company's stock, valued at approximately $222,750. The trade was a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.62% of the company's stock.

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.