Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Holdings Lifted by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its holdings in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 40.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297,087 shares of the company's stock after buying an additional 85,498 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 0.57% of Nuveen Churchill Direct Lending worth $5,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bellevue Asset Management LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the fourth quarter worth approximately $28,000. Tower Research Capital LLC TRC purchased a new position in Nuveen Churchill Direct Lending during the fourth quarter worth approximately $48,000. NewEdge Advisors LLC boosted its holdings in shares of Nuveen Churchill Direct Lending by 680.1% in the 4th quarter. NewEdge Advisors LLC now owns 3,300 shares of the company's stock valued at $55,000 after purchasing an additional 2,877 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Nuveen Churchill Direct Lending by 72.2% during the 4th quarter. Farther Finance Advisors LLC now owns 5,512 shares of the company's stock valued at $92,000 after buying an additional 2,311 shares during the period. Finally, OneAscent Wealth Management LLC purchased a new stake in shares of Nuveen Churchill Direct Lending during the 4th quarter valued at $171,000.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. UBS Group cut their target price on Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company cut their price objective on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods decreased their target price on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th.

Nuveen Churchill Direct Lending Stock Up 0.6%

Shares of NYSE:NCDL traded up $0.09 during midday trading on Thursday, hitting $16.12. 168,528 shares of the company's stock traded hands, compared to its average volume of 185,144. The firm's fifty day moving average price is $15.64 and its two-hundred day moving average price is $16.62. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.69 and a current ratio of 1.69. Nuveen Churchill Direct Lending Corp. has a twelve month low of $14.21 and a twelve month high of $18.05. The company has a market cap of $810.58 million, a PE ratio of 6.89 and a beta of 0.45.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.04). Nuveen Churchill Direct Lending had a return on equity of 12.72% and a net margin of 53.56%. The company had revenue of $53.59 million for the quarter, compared to analyst estimates of $56.01 million. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, June 30th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 11.17%. The ex-dividend date is Monday, June 30th. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) is 96.26%.

Insider Buying and Selling at Nuveen Churchill Direct Lending

In other Nuveen Churchill Direct Lending news, CEO Kenneth J. Kencel purchased 16,234 shares of Nuveen Churchill Direct Lending stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $15.34 per share, with a total value of $249,029.56. Following the completion of the acquisition, the chief executive officer now owns 28,117 shares of the company's stock, valued at approximately $431,314.78. This trade represents a 136.62% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mat Linett acquired 3,000 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were acquired at an average price of $15.92 per share, for a total transaction of $47,760.00. Following the completion of the acquisition, the director now directly owns 8,365 shares in the company, valued at $133,170.80. The trade was a 55.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 22,337 shares of company stock valued at $345,445 over the last 90 days. 0.62% of the stock is owned by corporate insiders.

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.