Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Shares Bought by Hudson Value Partners LLC

Hudson Value Partners LLC grew its stake in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 98.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Corient Private Wealth LLC increased its holdings in Nuveen Churchill Direct Lending by 9.5% during the fourth quarter. Corient Private Wealth LLC now owns 2,712,348 shares of the company's stock valued at $45,513,000 after buying an additional 234,395 shares during the period. JPMorgan Chase & Co. boosted its position 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 valued at $12,609,000 after acquiring an additional 364,739 shares in the last quarter. Millennium Management LLC boosted its position 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 acquiring an additional 343,113 shares in the last quarter. Snowden Capital Advisors LLC increased its holdings in shares of Nuveen Churchill Direct Lending by 100.1% in the 4th quarter. Snowden Capital Advisors LLC now owns 419,541 shares of the company's stock valued at $7,271,000 after acquiring an additional 209,823 shares during the period. Finally, Opal Wealth Advisors LLC raised its position in shares of Nuveen Churchill Direct Lending by 105.6% in the 4th quarter. Opal Wealth Advisors LLC now owns 400,231 shares of the company's stock worth $6,716,000 after acquiring an additional 205,593 shares in the last quarter.

Wall Street Analysts Forecast Growth

NCDL has been the topic of a number of recent research reports. Wells Fargo & Company dropped 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 research report on Tuesday, May 13th. Keefe, Bruyette & Woods decreased their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group lowered 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.

Nuveen Churchill Direct Lending Stock Up 0.6%

NYSE NCDL traded up $0.10 during trading on Wednesday, hitting $16.04. The company's stock had a trading volume of 38,998 shares, compared to its average volume of 181,232. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 1.69. Nuveen Churchill Direct Lending Corp. has a fifty-two week low of $14.21 and a fifty-two week high of $18.05. The company has a market cap of $806.51 million, a PE ratio of 6.85 and a beta of 0.45. The business's 50 day simple moving average is $15.79 and its 200-day simple moving average is $16.66.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.53 EPS for the quarter, missing the consensus estimate 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 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 declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.80 annualized dividend and a yield of 11.22%. Nuveen Churchill Direct Lending's payout ratio is presently 96.26%.

Insider Activity

In other Nuveen Churchill Direct Lending news, CEO Kenneth J. Kencel acquired 16,234 shares of the business's stock in a transaction dated Monday, May 12th. The shares were purchased at an average price of $15.34 per share, for a total transaction of $249,029.56. Following the completion of the purchase, the chief executive officer now directly owns 28,117 shares of the company's stock, valued at $431,314.78. The trade was a 136.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth M. Miranda bought 3,103 shares of Nuveen Churchill Direct Lending stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average cost of $15.68 per share, with a total value of $48,655.04. Following the acquisition, the director now owns 3,103 shares of the company's stock, valued at $48,655.04. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate 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.