Hudson Value Partners LLC Has $721,000 Stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Hudson Value Partners LLC boosted its position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 98.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 42,954 shares of the company's stock after acquiring an additional 21,345 shares during the period. Hudson Value Partners LLC owned about 0.08% of Nuveen Churchill Direct Lending worth $721,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Nuveen Churchill Direct Lending by 94.3% during the 4th quarter. JPMorgan Chase & Co. now owns 751,442 shares of the company's stock worth $12,609,000 after buying an additional 364,739 shares during the period. Millennium Management LLC boosted its stake in Nuveen Churchill Direct Lending by 361.6% during the 4th quarter. Millennium Management LLC now owns 437,992 shares of the company's stock valued at $7,350,000 after purchasing an additional 343,113 shares during the period. Ieq Capital LLC acquired a new position in Nuveen Churchill Direct Lending during the 4th quarter valued at about $4,798,000. Wells Fargo & Company MN lifted its stake in shares of Nuveen Churchill Direct Lending by 2,468.4% in the 4th quarter. Wells Fargo & Company MN now owns 267,709 shares of the company's stock worth $4,492,000 after acquiring an additional 257,286 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in shares of Nuveen Churchill Direct Lending by 9.5% in the 4th quarter. Corient Private Wealth LLC now owns 2,712,348 shares of the company's stock worth $45,513,000 after acquiring an additional 234,395 shares during the period.

Nuveen Churchill Direct Lending Stock Performance

Shares of NYSE NCDL traded up $0.33 during trading hours on Tuesday, hitting $15.98. 148,270 shares of the stock were exchanged, compared to its average volume of 181,782. 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 company's 50 day moving average is $15.82 and its 200 day moving average is $16.67. The firm has a market capitalization of $803.24 million, a P/E ratio of 6.83 and a beta of 0.45. Nuveen Churchill Direct Lending Corp. has a one year low of $14.21 and a one year high of $18.05.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.04). The business had revenue of $53.59 million during the quarter, compared to analyst estimates 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, research analysts expect that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, June 30th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 11.27%. The ex-dividend date is Monday, June 30th. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) is presently 96.26%.

Insider Buying and Selling

In other Nuveen Churchill Direct Lending news, CEO Kenneth J. Kencel acquired 16,234 shares of the stock in a transaction dated Monday, May 12th. The shares were bought at an average cost 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 of the company's stock, valued at approximately $431,314.78. This trade represents a 136.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.