Opal Wealth Advisors LLC Has $8.07 Million Holdings in Nuveen Churchill Direct Lending Corp. $NCDL

Key Points

• Opal Wealth Advisors LLC increased its holdings in Nuveen Churchill Direct Lending Corp. by 46.3% during the 2nd quarter, resulting in a total of 498,655 shares worth approximately $8.07 million.
• Nuveen Churchill Direct Lending's quarterly dividend of $0.45 per share, announced for payment on October 28th, offers an annual yield of 12.2%.
• Analysts have mixed sentiments about the stock, with one rating it as a Buy and three assigning a Hold rating, while the consensus target price is set at $16.63.

Opal Wealth Advisors LLC boosted its holdings in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 46.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 498,655 shares of the company's stock after purchasing an additional 157,763 shares during the quarter. Nuveen Churchill Direct Lending comprises approximately 2.2% of Opal Wealth Advisors LLC's holdings, making the stock its 8th largest position. Opal Wealth Advisors LLC owned about 0.99% of Nuveen Churchill Direct Lending worth $8,073,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NCDL. Graybill Wealth Management LTD. bought a new stake in Nuveen Churchill Direct Lending during the 1st quarter valued at approximately $115,000. Virtu Financial LLC bought a new stake in shares of Nuveen Churchill Direct Lending in the 1st quarter worth approximately $178,000. Aigen Investment Management LP bought a new stake in shares of Nuveen Churchill Direct Lending in the 1st quarter worth approximately $181,000. Two Sigma Advisers LP bought a new stake in shares of Nuveen Churchill Direct Lending in the 4th quarter worth approximately $186,000. Finally, Entropy Technologies LP lifted its position in shares of Nuveen Churchill Direct Lending by 6.8% in the 1st quarter. Entropy Technologies LP now owns 12,025 shares of the company's stock worth $204,000 after acquiring an additional 761 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen upgraded Nuveen Churchill Direct Lending from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. JMP Securities reduced their price objective on Nuveen Churchill Direct Lending from $18.50 to $18.00 and set a "market outperform" rating for the company in a research report on Tuesday, June 24th. Finally, UBS Group raised their price objective on Nuveen Churchill Direct Lending from $16.50 to $17.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $16.63.

Nuveen Churchill Direct Lending Stock Down 1.7%

Shares of NCDL opened at $14.78 on Tuesday. The firm has a market capitalization of $729.98 million, a price-to-earnings ratio of 8.12 and a beta of 0.47. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.13 and a current ratio of 1.13. The business's fifty day moving average price is $16.05 and its two-hundred day moving average price is $16.12. Nuveen Churchill Direct Lending Corp. has a 52 week low of $14.21 and a 52 week high of $18.01.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.46 EPS for the quarter, meeting analysts' consensus estimates of $0.46. The firm had revenue of $53.13 million for the quarter, compared to analyst estimates of $54.41 million. Nuveen Churchill Direct Lending had a return on equity of 11.88% and a net margin of 43.35%. On average, analysts predict that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current year.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 28th. Shareholders of record on Tuesday, September 30th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 12.2%. The ex-dividend date is Tuesday, September 30th. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) is presently 98.90%.

Insider Buying and Selling

In other news, Treasurer Shaul Vichness acquired 5,000 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were purchased at an average cost of $14.85 per share, for a total transaction of $74,250.00. Following the transaction, the treasurer owned 15,000 shares of the company's stock, valued at approximately $222,750. This represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.62% of the company's stock.

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.

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