Millennium Management LLC Buys 343,113 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Millennium Management LLC raised its position in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 361.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 437,992 shares of the company's stock after purchasing an additional 343,113 shares during the period. Millennium Management LLC owned approximately 0.80% of Nuveen Churchill Direct Lending worth $7,350,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NCDL. Bellevue Asset Management LLC bought a new stake in shares of Nuveen Churchill Direct Lending during the fourth quarter worth $28,000. Farther Finance Advisors LLC grew its stake in shares of Nuveen Churchill Direct Lending by 72.2% in the fourth quarter. Farther Finance Advisors LLC now owns 5,512 shares of the company's stock worth $92,000 after purchasing an additional 2,311 shares during the last quarter. Catalina Capital Group LLC grew its stake in shares of Nuveen Churchill Direct Lending by 26.2% in the fourth quarter. Catalina Capital Group LLC now owns 13,184 shares of the company's stock worth $221,000 after purchasing an additional 2,735 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Nuveen Churchill Direct Lending by 680.1% in the fourth quarter. NewEdge Advisors LLC now owns 3,300 shares of the company's stock worth $55,000 after purchasing an additional 2,877 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Nuveen Churchill Direct Lending in the fourth quarter worth $48,000.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Keefe, Bruyette & Woods reduced 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 reduced 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 note on Tuesday, May 13th.

Nuveen Churchill Direct Lending Trading Up 0.6%

Shares of Nuveen Churchill Direct Lending stock traded up $0.10 during trading on Friday, hitting $16.25. The company's stock had a trading volume of 140,396 shares, compared to its average volume of 183,652. 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 52 week low of $14.21 and a 52 week high of $18.05. The stock has a market cap of $817.07 million, a price-to-earnings ratio of 6.94 and a beta of 0.45. The stock has a 50-day moving average price of $15.73 and a two-hundred day moving average price of $16.64.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.04). The firm 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%. 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 announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Monday, June 30th will be issued a $0.45 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.80 annualized dividend and a yield of 11.08%. Nuveen Churchill Direct Lending's payout ratio is 96.26%.

Insider Activity at Nuveen Churchill Direct Lending

In related news, CEO Kenneth J. Kencel acquired 16,234 shares of the business's stock in a transaction dated Monday, May 12th. The shares were bought at an average price of $15.34 per share, with a total value of $249,029.56. Following the transaction, the chief executive officer now directly owns 28,117 shares of the company's stock, valued at $431,314.78. This trade represents a 136.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kenneth M. Miranda acquired 3,103 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $15.68 per share, for a total transaction of $48,655.04. Following the transaction, the director now directly owns 3,103 shares in the company, valued at approximately $48,655.04. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.62% of the stock is owned by company insiders.

About Nuveen Churchill Direct Lending

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.