Wealth Enhancement Advisory Services LLC Acquires 268,968 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Wealth Enhancement Advisory Services LLC raised its holdings in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 364.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 342,773 shares of the company's stock after purchasing an additional 268,968 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.66% of Nuveen Churchill Direct Lending worth $5,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NCDL. Corient Private Wealth LLC increased its holdings in Nuveen Churchill Direct Lending by 9.5% in the 4th quarter. Corient Private Wealth LLC now owns 2,712,348 shares of the company's stock valued at $45,513,000 after buying an additional 234,395 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Nuveen Churchill Direct Lending by 94.3% during the 4th quarter. JPMorgan Chase & Co. now owns 751,442 shares of the company's stock worth $12,609,000 after acquiring an additional 364,739 shares in the last quarter. Millennium Management LLC increased its stake in Nuveen Churchill Direct Lending by 361.6% in the fourth quarter. Millennium Management LLC now owns 437,992 shares of the company's stock valued at $7,350,000 after acquiring an additional 343,113 shares during the last quarter. Snowden Capital Advisors LLC increased its stake in Nuveen Churchill Direct Lending by 100.1% in the fourth quarter. Snowden Capital Advisors LLC now owns 419,541 shares of the company's stock valued at $7,271,000 after acquiring an additional 209,823 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in Nuveen Churchill Direct Lending by 40.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 297,087 shares of the company's stock valued at $5,045,000 after purchasing an additional 85,498 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NCDL shares. JMP Securities decreased their price target on Nuveen Churchill Direct Lending from $18.50 to $18.00 and set a "market outperform" rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods lowered their target price on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their price target on shares of 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. Finally, UBS Group lowered 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 Trading Down 0.9%

Shares of NCDL traded down $0.15 during mid-day trading on Friday, reaching $16.45. 262,033 shares of the company were exchanged, compared to its average volume of 199,893. The business has a 50 day simple moving average of $15.92 and a two-hundred day simple moving average of $16.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $826.85 million, a PE ratio of 7.41 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.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last announced its quarterly 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). Nuveen Churchill Direct Lending had a net margin of 44.83% and a return on equity of 12.42%. The business had revenue of $53.59 million for the quarter, compared to the consensus estimate of $56.01 million. On average, analysts predict that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, June 30th. This represents a $1.80 dividend on an annualized basis and a yield of 10.95%. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) is currently 96.26%.

Insiders Place Their Bets

In other news, 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 price of $15.92 per share, for a total transaction of $47,760.00. Following the purchase, the director now directly owns 8,365 shares in the company, valued at $133,170.80. The trade was a 55.92% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer Shaul Vichness purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were purchased at an average price of $16.30 per share, for a total transaction of $81,500.00. Following the completion of the acquisition, the treasurer now owns 10,000 shares of the company's stock, valued at $163,000. The trade was a 100.00% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 27,337 shares of company stock valued at $426,945. Corporate 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.