Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Get Free Report) Director Mat Linett acquired 3,000 shares of Nuveen Churchill Direct Lending stock in a transaction dated Wednesday, May 21st. The stock was bought at an average price of $15.92 per share, with a total value of $47,760.00. Following the completion of the purchase, the director now directly owns 8,365 shares in the company, valued at $133,170.80. This represents a 55.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Nuveen Churchill Direct Lending Trading Up 0.7%
Shares of Nuveen Churchill Direct Lending stock traded up $0.11 on Friday, hitting $16.20. 141,389 shares of the company traded hands, compared to its average volume of 185,944. The stock's 50 day moving average price is $15.63 and its 200-day moving average price is $16.62. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.10. Nuveen Churchill Direct Lending Corp. has a 52 week low of $14.21 and a 52 week high of $18.05. The company has a market cap of $814.55 million, a PE ratio of 6.92 and a beta of 0.45.
Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last issued its quarterly earnings data 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 return on equity of 12.72% and a net margin of 53.56%. The business had revenue of $53.59 million during the quarter, compared to the consensus estimate of $56.01 million. Equities research analysts predict that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current year.
Nuveen Churchill Direct Lending Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.11%. The ex-dividend date of this dividend is Monday, June 30th. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) is presently 96.26%.
Institutional Investors Weigh In On Nuveen Churchill Direct Lending
A number of large investors have recently made changes to their positions in NCDL. Bellevue Asset Management LLC purchased a new stake in Nuveen Churchill Direct Lending in the fourth quarter valued at $28,000. Tower Research Capital LLC TRC purchased a new stake in Nuveen Churchill Direct Lending in the fourth quarter valued at $48,000. NewEdge Advisors LLC boosted its holdings in Nuveen Churchill Direct Lending by 680.1% in the fourth quarter. NewEdge Advisors LLC now owns 3,300 shares of the company's stock valued at $55,000 after purchasing an additional 2,877 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in 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 valued at $92,000 after purchasing an additional 2,311 shares during the last quarter. Finally, Graybill Wealth Management LTD. purchased a new stake in Nuveen Churchill Direct Lending in the first quarter valued at $115,000.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods lowered their price target on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Finally, UBS Group lowered their price target 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.
Read Our Latest Report on NCDL
Nuveen Churchill Direct Lending Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Nuveen Churchill Direct Lending, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nuveen Churchill Direct Lending wasn't on the list.
While Nuveen Churchill Direct Lending currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
