Nuveen Churchill Direct Lending (NYSE:NCDL) Downgraded to "Sell" Rating by Wall Street Zen

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

A number of other research firms have also issued reports on NCDL. Keefe, Bruyette & Woods reduced their target price 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 reduced their target price on 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. JMP Securities cut their price objective on Nuveen Churchill Direct Lending from $18.50 to $18.00 and set a "market outperform" rating for the company in a report on Tuesday, June 24th. Finally, Wells Fargo & Company cut their target price 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Nuveen Churchill Direct Lending has a consensus rating of "Hold" and an average price target of $16.31.

Nuveen Churchill Direct Lending Stock Down 0.5%

NCDL traded down $0.09 on Friday, reaching $16.90. The company's stock had a trading volume of 150,474 shares, compared to its average volume of 205,359. The business's 50 day moving average is $16.15 and its 200 day moving average is $16.49. 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 $849.48 million, a price-to-earnings ratio of 9.04 and a beta of 0.48. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.79 and a quick ratio of 1.79.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last announced its quarterly earnings results 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 return on equity of 12.42% and a net margin of 44.83%. The company had revenue of $53.59 million for the quarter, compared to analyst estimates of $56.01 million. As a group, research analysts forecast that Nuveen Churchill Direct Lending will post 2.28 EPS for the current fiscal year.

Insider Activity at Nuveen Churchill Direct Lending

In other news, Director Mat Linett purchased 3,000 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were purchased at an average cost of $15.92 per share, with a total value of $47,760.00. Following the completion of the transaction, the director owned 8,365 shares of the company's stock, valued at $133,170.80. The trade was a 55.92% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kenneth J. Kencel acquired 16,234 shares of the company's stock in a transaction dated Monday, May 12th. The stock was bought at an average cost of $15.34 per share, for a total transaction of $249,029.56. Following the completion of the transaction, the chief executive officer directly owned 28,117 shares of the company's stock, valued at approximately $431,314.78. This trade represents a 136.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 27,337 shares of company stock worth $426,945 over the last ninety days. 0.62% of the stock is owned by corporate insiders.

Institutional Trading of Nuveen Churchill Direct Lending

Several hedge funds have recently modified their holdings of NCDL. Wealth Enhancement Advisory Services LLC raised its stake in Nuveen Churchill Direct Lending by 54.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 73,805 shares of the company's stock valued at $1,238,000 after acquiring an additional 26,103 shares during the period. Bank of America Corp DE increased its position in shares of Nuveen Churchill Direct Lending by 102.1% in the fourth quarter. Bank of America Corp DE now owns 75,991 shares of the company's stock worth $1,275,000 after purchasing an additional 38,384 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Nuveen Churchill Direct Lending by 50.5% in the fourth quarter. Ameriprise Financial Inc. now owns 179,049 shares of the company's stock worth $3,004,000 after buying an additional 60,044 shares in the last quarter. Sei Investments Co. purchased a new stake in Nuveen Churchill Direct Lending in the fourth quarter worth approximately $309,000. Finally, Millennium Management LLC boosted its stake in shares of Nuveen Churchill Direct Lending by 361.6% during the fourth quarter. Millennium Management LLC now owns 437,992 shares of the company's stock valued at $7,350,000 after purchasing an additional 343,113 shares during the period.

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.