Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP raised its stake in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 244.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,150 shares of the company's stock after purchasing an additional 108,677 shares during the period. Two Sigma Investments LP owned 0.28% of Nuveen Churchill Direct Lending worth $2,570,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NCDL. Bellevue Asset Management LLC purchased a new position in Nuveen Churchill Direct Lending in the 4th quarter valued at about $28,000. Tower Research Capital LLC TRC acquired a new position in shares of Nuveen Churchill Direct Lending during the fourth quarter valued at approximately $48,000. NewEdge Advisors LLC lifted its position 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 valued at $55,000 after acquiring an additional 2,877 shares in the last quarter. Farther Finance Advisors LLC boosted 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 acquiring an additional 2,311 shares during the last quarter. Finally, OneAscent Wealth Management LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the fourth quarter worth approximately $171,000.

Nuveen Churchill Direct Lending Stock Down 0.3%

Nuveen Churchill Direct Lending stock traded down $0.05 during midday trading on Wednesday, reaching $15.97. The company's stock had a trading volume of 20,757 shares, compared to its average volume of 184,125. The company has a market cap of $802.74 million, a P/E ratio of 6.82 and a beta of 0.45. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.10. The business has a 50-day simple moving average of $15.67 and a 200-day simple moving average of $16.63. Nuveen Churchill Direct Lending Corp. has a fifty-two week low of $14.21 and a fifty-two week high of $18.05.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.04). The firm had revenue of $53.59 million for 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%. On average, research analysts expect 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 business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, June 30th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.27%. The ex-dividend date is Monday, June 30th. Nuveen Churchill Direct Lending's payout ratio is currently 96.26%.

Analyst Ratings Changes

NCDL has been the subject of several recent research reports. Wells Fargo & Company reduced their price objective on 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. Keefe, Bruyette & Woods reduced 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 research report on Tuesday, April 8th. Finally, UBS Group cut their target price on Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating for the company in a research note on Thursday, April 17th.

Insider Transactions at Nuveen Churchill Direct Lending

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

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.