Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Large Volume Increase - What's Next?

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 161,959 shares changed hands during trading, a decline of 2% from the previous session's volume of 164,818 shares.The stock last traded at $15.29 and had previously closed at $15.18.

Wall Street Analysts Forecast Growth

NCDL has been the topic of several analyst reports. UBS Group lowered their price target on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Keefe, Bruyette & Woods cut their price target on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th.

Nuveen Churchill Direct Lending Stock Performance

The stock has a fifty day simple moving average of $16.55 and a 200-day simple moving average of $16.89. 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 company has a market capitalization of $816.40 million, a P/E ratio of 6.81 and a beta of 0.37.

Nuveen Churchill Direct Lending Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Adams Asset Advisors LLC grew its position in Nuveen Churchill Direct Lending by 165.7% during the 1st quarter. Adams Asset Advisors LLC now owns 82,394 shares of the company's stock worth $1,399,000 after acquiring an additional 51,382 shares during the last quarter. Dover Advisors LLC increased its stake in shares of Nuveen Churchill Direct Lending by 6.5% in the first quarter. Dover Advisors LLC now owns 16,500 shares of the company's stock valued at $289,000 after buying an additional 1,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Nuveen Churchill Direct Lending by 364.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 342,773 shares of the company's stock valued at $5,820,000 after buying an additional 268,968 shares during the last quarter. GraniteShares Advisors LLC lifted its position in Nuveen Churchill Direct Lending by 6.4% during the 1st quarter. GraniteShares Advisors LLC now owns 156,645 shares of the company's stock worth $2,660,000 after buying an additional 9,490 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Nuveen Churchill Direct Lending by 40.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 297,087 shares of the company's stock worth $5,045,000 after buying an additional 85,498 shares in the last quarter.

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.