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 release its earnings data before the market opens on Wednesday, August 6th. Analysts expect Nuveen Churchill Direct Lending to post 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 announced its earnings results on Thursday, May 8th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.04). Nuveen Churchill Direct Lending had a return on equity of 12.42% and a net margin of 44.83%. The firm had revenue of $53.59 million for the quarter, compared to the consensus estimate of $56.01 million. 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 Price Performance

NYSE:NCDL traded down $0.23 during midday trading on Friday, hitting $16.13. 155,913 shares of the stock were exchanged, compared to its average volume of 252,424. Nuveen Churchill Direct Lending has a one year low of $14.21 and a one year high of $18.01. The company has a market capitalization of $811.02 million, a price-to-earnings ratio of 8.63 and a beta of 0.48. The business has a 50-day moving average price of $16.48 and a two-hundred day moving average price of $16.51. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.30.

Nuveen Churchill Direct Lending Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on NCDL. JMP Securities dropped their price target on Nuveen Churchill Direct Lending from $18.50 to $18.00 and set a "market outperform" rating on the stock in a report on Tuesday, June 24th. Keefe, Bruyette & Woods dropped their price target 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. Wall Street Zen raised Nuveen Churchill Direct Lending from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. UBS Group upped their price target on Nuveen Churchill Direct Lending from $16.50 to $17.50 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company dropped their price target on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $16.63.

Insider Activity

In other Nuveen Churchill Direct Lending news, Director Mat Linett acquired 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average cost of $15.92 per share, for a total transaction of $47,760.00. Following the completion of the acquisition, the director owned 8,365 shares of the company's stock, valued at approximately $133,170.80. This trade represents a 55.92% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kenneth J. Kencel acquired 16,234 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of $15.34 per share, with a total value of $249,029.56. Following the completion of the acquisition, the chief executive officer directly owned 28,117 shares of the company's stock, valued at $431,314.78. This represents a 136.62% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 27,337 shares of company stock valued at $426,945. 0.62% of the stock is currently owned by company insiders.

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.