Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Shares Sold by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC reduced its position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 340,892 shares of the company's stock after selling 59,339 shares during the quarter. Nuveen Churchill Direct Lending makes up 1.8% of Opal Wealth Advisors LLC's portfolio, making the stock its 8th largest holding. Opal Wealth Advisors LLC owned approximately 0.66% of Nuveen Churchill Direct Lending worth $5,788,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Nuveen Churchill Direct Lending news, CEO Kenneth J. Kencel purchased 16,234 shares of the firm's stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $15.34 per share, with a total value of $249,029.56. Following the acquisition, the chief executive officer now directly owns 28,117 shares of the company's stock, 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 SEC, which can be accessed through this link. Also, Director Mat Linett bought 3,000 shares of Nuveen Churchill Direct Lending stock in a transaction dated Wednesday, May 21st. The stock was purchased at an average cost of $15.92 per share, with a total value of $47,760.00. Following the completion of the acquisition, the director now directly owns 8,365 shares in the company, valued at approximately $133,170.80. The trade was a 55.92% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 22,337 shares of company stock valued at $345,445 over the last ninety days. Company insiders own 0.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped 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 report on Tuesday, April 8th. Wells Fargo & Company lowered their price target on shares of Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Tuesday, May 13th. Finally, UBS Group reduced their price objective on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating for the company in a research report on Thursday, April 17th.

Nuveen Churchill Direct Lending Price Performance

NCDL traded down $0.11 during midday trading on Friday, hitting $16.18. The stock had a trading volume of 178,282 shares, compared to its average volume of 188,350. The company has a market cap of $813.55 million, a P/E ratio of 6.91 and a beta of 0.47. Nuveen Churchill Direct Lending Corp. has a 1 year low of $14.21 and a 1 year high of $18.01. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.69 and a current ratio of 1.69. The business has a fifty day moving average of $15.64 and a 200 day moving average of $16.58.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last released 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 net margin of 53.56% and a return on equity of 12.72%. The business had revenue of $53.59 million for the quarter, compared to analysts' expectations of $56.01 million. As a group, equities analysts forecast that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, June 30th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 11.12%. The ex-dividend date is Monday, June 30th. Nuveen Churchill Direct Lending's dividend payout ratio is 96.26%.

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.