Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Shares Bought by Millennium Management LLC

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

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Corient Private Wealth LLC lifted its holdings 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 last quarter. 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. Opal Wealth Advisors LLC increased its stake in Nuveen Churchill Direct Lending by 105.6% during the 4th quarter. Opal Wealth Advisors LLC now owns 400,231 shares of the company's stock worth $6,716,000 after buying an additional 205,593 shares during the period. Ieq Capital LLC purchased a new stake in Nuveen Churchill Direct Lending during the 4th quarter worth approximately $4,798,000. Finally, Renaissance Technologies LLC increased its stake in Nuveen Churchill Direct Lending by 146.2% during the 4th quarter. Renaissance Technologies LLC now owns 267,900 shares of the company's stock worth $4,495,000 after buying an additional 159,100 shares during the period.

Nuveen Churchill Direct Lending Stock Performance

NYSE:NCDL traded up $0.15 during trading hours on Wednesday, reaching $16.09. 115,823 shares of the company's stock were exchanged, compared to its average volume of 181,770. The firm has a market capitalization of $808.92 million, a price-to-earnings ratio of 6.88 and a beta of 0.45. The company has a 50-day moving average of $15.79 and a 200 day moving average of $16.66. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.10. Nuveen Churchill Direct Lending Corp. has a 1-year low of $14.21 and a 1-year high of $18.05.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.53 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 return on equity of 12.72% and a net margin of 53.56%. Research analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, June 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.19%. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) is presently 96.26%.

Insider Transactions at Nuveen Churchill Direct Lending

In related news, CEO Kenneth J. Kencel purchased 16,234 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was acquired 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 owns 28,117 shares in the company, valued at approximately $431,314.78. This represents a 136.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth M. Miranda purchased 3,103 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average price of $15.68 per share, with a total value of $48,655.04. Following the purchase, the director now owns 3,103 shares of the company's stock, valued at approximately $48,655.04. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NCDL shares. Wells Fargo & Company dropped 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. 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 report on Tuesday, April 8th. Finally, UBS Group dropped 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 report on Thursday, April 17th.

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.