Wealth Enhancement Advisory Services LLC Has $1.24 Million Position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Wealth Enhancement Advisory Services LLC grew its position in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 54.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,805 shares of the company's stock after acquiring an additional 26,103 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.14% of Nuveen Churchill Direct Lending worth $1,238,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on NCDL. UBS Group dropped their price target 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. Keefe, Bruyette & Woods reduced their price target on 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, Wells Fargo & Company dropped their target price on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 13th.

Insider Buying and Selling

In other news, Director Kenneth M. Miranda bought 3,103 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average price of $15.68 per share, with a total value of $48,655.04. Following the completion of the acquisition, the director now directly owns 3,103 shares in the company, valued at approximately $48,655.04. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mat Linett acquired 3,000 shares of the stock in a transaction on Wednesday, May 21st. The shares were purchased at an average price of $15.92 per share, for a total transaction of $47,760.00. Following the completion of the transaction, 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 three months, insiders bought 22,337 shares of company stock worth $345,445. Corporate insiders own 0.62% of the company's stock.

Nuveen Churchill Direct Lending Stock Performance

Shares of NCDL traded down $0.07 during midday trading on Wednesday, reaching $16.27. 136,536 shares of the stock were exchanged, compared to its average volume of 187,040. The company has a market capitalization of $818.07 million, a price-to-earnings ratio of 6.95 and a beta of 0.47. Nuveen Churchill Direct Lending Corp. has a twelve month low of $14.21 and a twelve month high of $18.01. The business's 50-day moving average price is $15.59 and its 200 day moving average price is $16.60. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 1.69.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.04). Nuveen Churchill Direct Lending had a return on equity of 12.72% and a net margin of 53.56%. The firm had revenue of $53.59 million during the quarter, compared to analyst estimates of $56.01 million. On average, sell-side analysts expect that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Monday, June 30th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.80 dividend on an annualized basis and a yield of 11.06%. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) is 96.26%.

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.