Kenneth M. Miranda Acquires 3,103 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Get Free Report) Director Kenneth M. Miranda acquired 3,103 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were purchased at an average price of $15.68 per share, for a total transaction of $48,655.04. Following the purchase, the director now directly owns 3,103 shares of the company's stock, valued at approximately $48,655.04. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Nuveen Churchill Direct Lending Stock Up 0.6%

Shares of NCDL stock traded up $0.10 during mid-day trading on Friday, reaching $16.25. 140,396 shares of the company were exchanged, compared to its average volume of 183,652. Nuveen Churchill Direct Lending Corp. has a fifty-two week low of $14.21 and a fifty-two week high of $18.05. 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 capitalization of $817.07 million, a P/E ratio of 6.94 and a beta of 0.45. The business's 50 day simple moving average is $15.73 and its 200 day simple moving average is $16.64.

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 company had revenue of $53.59 million for the quarter, compared to analyst estimates of $56.01 million. Research 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 business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, June 30th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.08%. The ex-dividend date is Monday, June 30th. Nuveen Churchill Direct Lending's payout ratio is currently 96.26%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NCDL. Wells Fargo & Company dropped their price objective 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. Keefe, Bruyette & Woods dropped their price objective on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group dropped their price objective 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.

Institutional Trading of Nuveen Churchill Direct Lending

A number of hedge funds have recently made changes to their positions in NCDL. Caprock Group LLC boosted its holdings in Nuveen Churchill Direct Lending by 100.0% in the fourth quarter. Caprock Group LLC now owns 54,006 shares of the company's stock worth $936,000 after purchasing an additional 27,004 shares during the period. Catalina Capital Group LLC boosted its holdings in Nuveen Churchill Direct Lending by 26.2% in the fourth quarter. Catalina Capital Group LLC now owns 13,184 shares of the company's stock worth $221,000 after purchasing an additional 2,735 shares during the period. Vestia Personal Wealth Advisors acquired a new position in Nuveen Churchill Direct Lending in the fourth quarter worth $184,000. Entropy Technologies LP acquired a new position in Nuveen Churchill Direct Lending in the fourth quarter worth $189,000. Finally, Opal Wealth Advisors LLC boosted its holdings in Nuveen Churchill Direct Lending by 105.6% in the fourth quarter. Opal Wealth Advisors LLC now owns 400,231 shares of the company's stock worth $6,716,000 after purchasing an additional 205,593 shares during the period.

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.