Kenneth M. Miranda Purchases 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 purchased 3,103 shares of the stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of $15.68 per share, for a total transaction of $48,655.04. Following the completion of the acquisition, the director now owns 3,103 shares of the company's stock, valued at $48,655.04. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Nuveen Churchill Direct Lending Price Performance

Shares of NYSE:NCDL traded up $0.10 during trading on Friday, reaching $16.25. 140,396 shares of the company's stock traded hands, compared to its average volume of 182,461. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.10. 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 50-day simple moving average of $15.75 and a 200-day simple moving average of $16.65. The firm has a market cap of $817.07 million, a PE ratio of 6.94 and a beta of 0.45.

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

Nuveen Churchill Direct Lending Announces Dividend

The business 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 is Monday, June 30th. This represents a $1.80 dividend on an annualized basis and a yield of 11.08%. Nuveen Churchill Direct Lending's dividend payout ratio is currently 96.26%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company lowered 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. Keefe, Bruyette & Woods lowered their price objective on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group cut their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating for the company in a report on Thursday, April 17th.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Modera Wealth Management LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the fourth quarter valued at about $275,000. Sei Investments Co. purchased a new position in Nuveen Churchill Direct Lending in the 4th quarter valued at about $309,000. Cerity Partners LLC acquired a new stake in Nuveen Churchill Direct Lending in the 4th quarter worth about $228,000. Dover Advisors LLC purchased a new stake in Nuveen Churchill Direct Lending during the 4th quarter worth approximately $260,000. Finally, LPL Financial LLC acquired a new position in shares of Nuveen Churchill Direct Lending during the fourth quarter valued at approximately $345,000.

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.