Nuveen Churchill Direct Lending (NCDL) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Nuveen Churchill Direct Lending is expected to release its earnings on August 6th, with projections of $0.46 per share and $54.41 million in revenue for the quarter.
• The company recently announced a quarterly dividend of $0.45 per share, yielding 10.87% annually, with a dividend payout ratio of 96.26%.
• Insider buying activity has increased, with Treasurer Shaul Vichness purchasing 5,000 shares, signifying confidence in the company's prospects.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $54.41 million for the quarter.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last released 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). The firm had revenue of $53.59 million for the quarter, compared to analyst estimates of $56.01 million. Nuveen Churchill Direct Lending had a return on equity of 12.42% and a net margin of 44.83%. On average, analysts expect Nuveen Churchill Direct Lending to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nuveen Churchill Direct Lending Trading Down 1.4%

Shares of NCDL stock traded down $0.23 on Friday, reaching $16.13. 155,913 shares of the stock were exchanged, compared to its average volume of 141,940. Nuveen Churchill Direct Lending has a 1-year low of $14.21 and a 1-year high of $18.01. The stock has a market cap of $811.02 million, a P/E ratio of 8.63 and a beta of 0.48. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.30. The firm has a 50 day moving average of $16.49 and a two-hundred day moving average of $16.51.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Monday, June 30th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend was Monday, June 30th. Nuveen Churchill Direct Lending's dividend payout ratio is presently 96.26%.

Insider Buying and Selling at Nuveen Churchill Direct Lending

In related news, Director Kenneth M. Miranda bought 3,103 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was bought at an average price of $15.68 per share, with a total value of $48,655.04. Following the purchase, the director directly owned 3,103 shares of the company's stock, valued at approximately $48,655.04. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Treasurer Shaul Vichness purchased 5,000 shares of the business's stock in a transaction dated Monday, June 16th. The shares were acquired at an average price of $16.30 per share, for a total transaction of $81,500.00. Following the acquisition, the treasurer directly owned 10,000 shares in the company, valued at $163,000. This represents a 100.00% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 27,337 shares of company stock valued at $426,945. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NCDL has been the topic of several research analyst reports. Keefe, Bruyette & Woods reduced their price target 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 report on Tuesday, April 8th. JMP Securities reduced their price target on shares of Nuveen Churchill Direct Lending from $18.50 to $18.00 and set a "market outperform" rating on the stock in a research report on Tuesday, June 24th. Wells Fargo & Company reduced their price target 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 report on Tuesday, May 13th. Wall Street Zen raised shares of Nuveen Churchill Direct Lending from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, UBS Group increased their price target on shares of Nuveen Churchill Direct Lending from $16.50 to $17.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Nuveen Churchill Direct Lending has an average rating of "Hold" and an average price target of $16.63.

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.