LPL Financial LLC Makes New Investment in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

LPL Financial LLC purchased a new stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 20,576 shares of the company's stock, valued at approximately $345,000.

A number of other institutional investors have also recently added to or reduced their stakes in NCDL. Corient Private Wealth LLC raised its stake in shares of 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 acquiring an additional 234,395 shares during the period. Opal Wealth Advisors LLC increased its holdings in Nuveen Churchill Direct Lending by 105.6% in the 4th quarter. Opal Wealth Advisors LLC now owns 400,231 shares of the company's stock valued at $6,716,000 after purchasing an additional 205,593 shares in the last quarter. JPMorgan Chase & Co. raised its position in Nuveen Churchill Direct Lending by 1,045,043.2% in the third quarter. JPMorgan Chase & Co. now owns 386,703 shares of the company's stock valued at $6,736,000 after purchasing an additional 386,666 shares during the period. Ieq Capital LLC acquired a new position in shares of Nuveen Churchill Direct Lending during the fourth quarter worth about $4,798,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Nuveen Churchill Direct Lending by 34.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 211,589 shares of the company's stock worth $3,550,000 after buying an additional 53,786 shares during the period.

Analyst Upgrades and Downgrades

NCDL has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their target price on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. UBS Group reduced their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company decreased their target price on shares of Nuveen Churchill Direct Lending from $17.00 to $15.00 and set an "equal weight" rating for the company in a research note on Monday.

Nuveen Churchill Direct Lending Stock Up 1.5 %

NCDL traded up $0.23 on Friday, reaching $15.94. The company's stock had a trading volume of 26,927 shares, compared to its average volume of 169,815. 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 Corp. has a 1 year low of $14.21 and a 1 year high of $18.05. The business's 50 day moving average is $16.40 and its 200 day moving average is $16.85. The stock has a market cap of $816.40 million, a price-to-earnings ratio of 6.81 and a beta of 0.37.

Nuveen Churchill Direct Lending Dividend Announcement

The business also recently declared a -- dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, March 31st were given a dividend of $0.10 per share. This represents a dividend yield of 10.3%. The ex-dividend date was Monday, March 31st. Nuveen Churchill Direct Lending's payout ratio is currently 83.72%.

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.