Nuveen Churchill Direct Lending (NYSE:NCDL) Sets New 1-Year Low - Time to Sell?

Key Points

• Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) reached a new 52-week low at $13.88 with a last trading price of $14.04 amid a volume of 32,486 shares.
• Analysts have a consensus rating of "Hold" for NCDL, with a target price of $16.63; JMP Securities recently lowered their target to $18.00 while UBS raised theirs to $17.50.
• The company announced a quarterly dividend of $0.45, with an annualized yield of 12.9%, scheduled to be paid to stockholders of record on September 30th.

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $13.88 and last traded at $14.04, with a volume of 32486 shares changing hands. The stock had previously closed at $13.85.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NCDL. JMP Securities lowered 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 report on Tuesday, June 24th. UBS Group raised their price target on shares of 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, Wall Street Zen raised shares of Nuveen Churchill Direct Lending from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Nuveen Churchill Direct Lending presently has an average rating of "Hold" and a consensus target price of $16.63.

Nuveen Churchill Direct Lending Stock Up 1.0%

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.26. The stock has a 50-day simple moving average of $15.81 and a two-hundred day simple moving average of $16.03. The firm has a market cap of $691.21 million, a PE ratio of 7.69 and a beta of 0.47.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The firm had revenue of $53.13 million for the quarter, compared to analyst estimates of $54.41 million. Nuveen Churchill Direct Lending had a return on equity of 11.88% and a net margin of 43.35%. Analysts expect that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current year.

Nuveen Churchill Direct Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 28th. Stockholders of record on Tuesday, September 30th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.9%. Nuveen Churchill Direct Lending's dividend payout ratio is 98.90%.

Insider Buying and Selling

In other Nuveen Churchill Direct Lending news, Treasurer Shaul Vichness purchased 5,000 shares of the stock in a transaction on Tuesday, September 16th. The stock was acquired at an average cost of $14.85 per share, with a total value of $74,250.00. Following the completion of the purchase, the treasurer directly owned 15,000 shares of the company's stock, valued at approximately $222,750. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Several institutional investors have recently bought and sold shares of NCDL. Merit Financial Group LLC lifted its position in 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 valued at $1,434,000 after buying an additional 695 shares during the period. Entropy Technologies LP increased its stake in shares of Nuveen Churchill Direct Lending by 6.8% in the 1st quarter. Entropy Technologies LP now owns 12,025 shares of the company's stock worth $204,000 after acquiring an additional 761 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in Nuveen Churchill Direct Lending by 3.2% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 26,426 shares of the company's stock valued at $428,000 after acquiring an additional 807 shares during the period. Aprio Wealth Management LLC boosted its stake in 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 acquiring an additional 867 shares in the last quarter. Finally, Dover Advisors LLC grew 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 purchasing an additional 1,000 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.

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