Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.
A number of other brokerages have also weighed in on NCDL. Keefe, Bruyette & Woods lowered their price objective 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. JMP Securities decreased 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 research note on Tuesday, June 24th. UBS Group decreased their price target on Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, Wells Fargo & Company decreased 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 research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $16.31.
Get Our Latest Analysis on NCDL
Nuveen Churchill Direct Lending Stock Up 0.4%
NCDL opened at $17.09 on Friday. The stock has a market capitalization of $859.03 million, a P/E ratio of 9.14 and a beta of 0.48. Nuveen Churchill Direct Lending has a one year low of $14.21 and a one year high of $18.01. The business's 50-day simple moving average is $16.13 and its 200-day simple moving average is $16.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.79 and a current ratio of 1.79.
Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.04). Nuveen Churchill Direct Lending had a net margin of 44.83% and a return on equity of 12.42%. The business had revenue of $53.59 million during the quarter, compared to analysts' expectations of $56.01 million. Analysts anticipate that Nuveen Churchill Direct Lending will post 2.28 EPS for the current year.
Insider Transactions at Nuveen Churchill Direct Lending
In related news, Director Mat Linett purchased 3,000 shares of the 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 acquisition, the director owned 8,365 shares in the company, valued at approximately $133,170.80. This trade represents a 55.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth M. Miranda bought 3,103 shares of the stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $15.68 per share, with a total value of $48,655.04. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 27,337 shares of company stock valued at $426,945. Corporate insiders own 0.62% of the company's stock.
Institutional Trading of Nuveen Churchill Direct Lending
Large investors have recently modified their holdings of the business. Merit Financial Group LLC lifted its position in shares of Nuveen Churchill Direct Lending by 0.8% during the first quarter. Merit Financial Group LLC now owns 84,467 shares of the company's stock worth $1,434,000 after purchasing an additional 695 shares during the last quarter. Entropy Technologies LP lifted its position in shares of Nuveen Churchill Direct Lending by 6.8% during the first quarter. Entropy Technologies LP now owns 12,025 shares of the company's stock worth $204,000 after purchasing an additional 761 shares during the last quarter. Aprio Wealth Management LLC lifted its position in shares of Nuveen Churchill Direct Lending by 0.8% during the first quarter. Aprio Wealth Management LLC now owns 112,471 shares of the company's stock worth $1,910,000 after purchasing an additional 867 shares during the last quarter. Dover Advisors LLC lifted its holdings in Nuveen Churchill Direct Lending by 6.5% in the first quarter. Dover Advisors LLC now owns 16,500 shares of the company's stock worth $289,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Dudley Capital Management LLC lifted its holdings in Nuveen Churchill Direct Lending by 5.2% in the first quarter. Dudley Capital Management LLC now owns 33,862 shares of the company's stock worth $575,000 after acquiring an additional 1,675 shares during the last quarter.
Nuveen Churchill Direct Lending Company Profile
(
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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.
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