Opal Wealth Advisors LLC Sells 59,339 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Opal Wealth Advisors LLC lowered its holdings in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 14.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 340,892 shares of the company's stock after selling 59,339 shares during the quarter. Nuveen Churchill Direct Lending makes up approximately 1.8% of Opal Wealth Advisors LLC's holdings, making the stock its 8th biggest position. Opal Wealth Advisors LLC owned about 0.66% of Nuveen Churchill Direct Lending worth $5,788,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bellevue Asset Management LLC bought a new position in shares of Nuveen Churchill Direct Lending in the fourth quarter worth approximately $28,000. Tower Research Capital LLC TRC bought a new stake in Nuveen Churchill Direct Lending during the fourth quarter valued at about $48,000. NewEdge Advisors LLC grew its position in shares of Nuveen Churchill Direct Lending by 680.1% during 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 in the last quarter. Farther Finance Advisors LLC raised its stake in 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 valued at $92,000 after purchasing an additional 2,311 shares during the period. Finally, OneAscent Wealth Management LLC purchased a new position in Nuveen Churchill Direct Lending in the 4th quarter worth approximately $171,000.

Nuveen Churchill Direct Lending Price Performance

Shares of NCDL traded up $0.12 during mid-day trading on Tuesday, hitting $16.42. 209,125 shares of the stock were exchanged, compared to its average volume of 189,366. 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 company has a market cap of $825.41 million, a PE ratio of 7.02 and a beta of 0.47. Nuveen Churchill Direct Lending Corp. has a 52-week low of $14.21 and a 52-week high of $18.01. The firm has a 50-day moving average of $15.67 and a two-hundred day moving average of $16.57.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last posted its quarterly earnings data 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). Nuveen Churchill Direct Lending had a net margin of 53.56% and a return on equity of 12.72%. The company had revenue of $53.59 million during the quarter, compared to the consensus estimate of $56.01 million. On average, equities analysts predict that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share 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. Shareholders of record on Monday, June 30th will be given 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 dividend yield of 10.96%. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) is presently 96.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NCDL shares. Keefe, Bruyette & Woods cut their price objective 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 cut 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 note on Tuesday, May 13th. Finally, UBS Group decreased their price target 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.

Insider Activity

In other news, Treasurer Shaul Vichness bought 5,000 shares of the stock in a transaction on Monday, June 16th. The stock was acquired at an average cost of $16.30 per share, for a total transaction of $81,500.00. Following the acquisition, the treasurer now owns 10,000 shares of the company's stock, valued at $163,000. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mat Linett purchased 3,000 shares of Nuveen Churchill Direct Lending stock in a transaction dated Wednesday, May 21st. The stock was acquired at an average price of $15.92 per share, with a total value of $47,760.00. Following the acquisition, the director now owns 8,365 shares in the company, valued at approximately $133,170.80. This represents a 55.92% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 27,337 shares of company stock valued at $426,945. 0.62% of the stock is currently owned by insiders.

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.