Nuveen Churchill Direct Lending (NYSE:NCDL) Releases Earnings Results, Beats Expectations By $0.07 EPS

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) posted its earnings results on Thursday. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.07, Zacks reports. The business had revenue of $51.60 million during the quarter, compared to the consensus estimate of $51.60 million. Nuveen Churchill Direct Lending had a return on equity of 11.91% and a net margin of 46.95%.

Nuveen Churchill Direct Lending Stock Down 1.0 %

NCDL traded down $0.17 during midday trading on Friday, hitting $17.44. The company's stock had a trading volume of 96,265 shares, compared to its average volume of 63,922. Nuveen Churchill Direct Lending has a 52-week low of $16.00 and a 52-week high of $18.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a 50-day simple moving average of $17.43.

Nuveen Churchill Direct Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.80 annualized dividend and a yield of 10.32%.

Analyst Upgrades and Downgrades

NCDL has been the topic of several research analyst reports. Wells Fargo & Company assumed coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set an "equal weight" rating and a $18.00 target price on the stock. Bank of America started coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set a "buy" rating and a $19.00 target price for the company. JMP Securities reaffirmed a "market outperform" rating and issued a $18.50 target price on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods initiated coverage on Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set a "market perform" rating and a $18.50 price target for the company. Finally, UBS Group initiated coverage on Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They issued a "neutral" rating and a $18.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.50.

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.