19,002 Shares in Nuveen Churchill Direct Lending Corp. $NCDL Acquired by GW Henssler & Associates Ltd.

Key Points

• GW Henssler & Associates Ltd. has invested approximately $323,000 in Nuveen Churchill Direct Lending Corp. by acquiring 19,002 shares in the first quarter.
• Several institutional investors have increased their stakes in Nuveen Churchill Direct Lending, with Ameriprise Financial lifting its position by 50.5% to own 179,049 shares valued at $3,004,000.
• The company recently announced a quarterly dividend of $0.45 per share, which translates to an annualized dividend yield of 11.3%.

GW Henssler & Associates Ltd. bought a new position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,002 shares of the company's stock, valued at approximately $323,000.

A number of other hedge funds also recently bought and sold shares of the business. Merit Financial Group LLC raised its stake in Nuveen Churchill Direct Lending by 0.8% during the first 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 increased its position in Nuveen Churchill Direct Lending by 6.8% during the first quarter. Entropy Technologies LP now owns 12,025 shares of the company's stock valued at $204,000 after acquiring an additional 761 shares during the last quarter. Dover Advisors LLC increased its position in Nuveen Churchill Direct Lending by 6.5% during the first quarter. Dover Advisors LLC now owns 16,500 shares of the company's stock valued at $289,000 after acquiring an additional 1,000 shares during the last quarter. Dudley Capital Management LLC increased its position in Nuveen Churchill Direct Lending by 5.2% during the first quarter. Dudley Capital Management LLC now owns 33,862 shares of the company's stock valued at $575,000 after acquiring an additional 1,675 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in Nuveen Churchill Direct Lending during the fourth quarter valued at $48,000.

Insider Buying and Selling at Nuveen Churchill Direct Lending

In other news, Treasurer Shaul Vichness purchased 5,000 shares of the stock in a transaction dated Monday, June 16th. The shares were acquired at an average cost of $16.30 per share, for a total transaction of $81,500.00. Following the acquisition, the treasurer owned 10,000 shares of the company's stock, valued at approximately $163,000. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NCDL shares. UBS Group boosted their price objective 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. JMP Securities cut their price objective on shares of 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. Wells Fargo & Company cut their price objective on shares of 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. Finally, Wall Street Zen upgraded shares of Nuveen Churchill Direct Lending from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Nuveen Churchill Direct Lending currently has a consensus rating of "Hold" and an average price target of $16.63.

Nuveen Churchill Direct Lending Stock Down 0.2%

Shares of NYSE:NCDL traded down $0.03 during trading on Friday, reaching $15.98. The stock had a trading volume of 87,438 shares, compared to its average volume of 95,634. Nuveen Churchill Direct Lending Corp. has a one year low of $14.21 and a one year high of $18.01. The company has a market capitalization of $789.15 million, a P/E ratio of 8.78 and a beta of 0.47. 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 firm's 50-day simple moving average is $16.36 and its 200 day simple moving average is $16.31.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.46 earnings per share for the quarter, meeting analysts' consensus estimates of $0.46. Nuveen Churchill Direct Lending had a net margin of 43.35% and a return on equity of 11.88%. The business had revenue of $53.13 million for the quarter, compared to analysts' expectations of $54.41 million. As a group, research analysts expect that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 28th. Stockholders of record on Tuesday, September 30th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date is Tuesday, September 30th. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) 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.