Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its holdings in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 146.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 267,900 shares of the company's stock after purchasing an additional 159,100 shares during the period. Renaissance Technologies LLC owned about 0.49% of Nuveen Churchill Direct Lending worth $4,495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NCDL. World Investment Advisors LLC purchased a new position in Nuveen Churchill Direct Lending in the third quarter valued at about $328,000. JPMorgan Chase & Co. grew its position in shares of Nuveen Churchill Direct Lending by 1,045,043.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,703 shares of the company's stock worth $6,736,000 after buying an additional 386,666 shares during the last quarter. Aprio Wealth Management LLC raised its stake in shares of Nuveen Churchill Direct Lending by 104.1% during the 4th quarter. Aprio Wealth Management LLC now owns 111,604 shares of the company's stock worth $1,873,000 after acquiring an additional 56,916 shares in the last quarter. Adams Asset Advisors LLC purchased a new stake in Nuveen Churchill Direct Lending during the fourth quarter valued at approximately $520,000. Finally, Accurate Wealth Management LLC boosted its stake in Nuveen Churchill Direct Lending by 348.1% in the fourth quarter. Accurate Wealth Management LLC now owns 66,070 shares of the company's stock valued at $1,078,000 after acquiring an additional 51,324 shares in the last quarter.

Nuveen Churchill Direct Lending Stock Performance

Shares of NCDL traded up $0.15 during trading hours on Friday, reaching $15.94. 218,393 shares of the company traded hands, compared to its average volume of 168,211. The stock has a market capitalization of $816.40 million, a P/E ratio of 6.81 and a beta of 0.37. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.10. The business has a fifty day moving average price of $16.55 and a 200-day moving average price of $16.90. Nuveen Churchill Direct Lending Corp. has a 12-month low of $14.21 and a 12-month high of $18.05.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently disclosed a -- dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be paid a $0.10 dividend. This represents a dividend yield of 10.3%. The ex-dividend date of this dividend is Monday, March 31st. Nuveen Churchill Direct Lending's payout ratio is 83.72%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NCDL shares. Keefe, Bruyette & Woods decreased their price objective on 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. UBS Group decreased their price target on Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating for the company in a research note on Thursday, April 17th.

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.