Insider Buying: Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Treasurer Acquires 5,000 Shares of Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Get Free Report) Treasurer Shaul Vichness acquired 5,000 shares of the stock in a transaction on Monday, June 16th. The stock was bought at an average price of $16.30 per share, with a total value of $81,500.00. Following the completion of the acquisition, the treasurer now directly owns 10,000 shares of the company's stock, valued at $163,000. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Nuveen Churchill Direct Lending Stock Up 1.6%

Shares of NYSE NCDL traded up $0.27 on Thursday, reaching $16.64. 369,844 shares of the company's stock traded hands, compared to its average volume of 191,330. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.30. The business's 50 day simple moving average is $15.72 and its two-hundred day simple moving average is $16.57. The company has a market cap of $836.46 million, a price-to-earnings ratio of 8.90 and a beta of 0.47. Nuveen Churchill Direct Lending Corp. has a 12 month low of $14.21 and a 12 month high of $18.01.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $53.59 million for the quarter, compared to analysts' expectations of $56.01 million. As a group, equities research analysts forecast that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, June 30th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 10.82%. The ex-dividend date is Monday, June 30th. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) is 96.26%.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Nuveen Churchill Direct Lending in the 1st quarter valued at $491,000. Aprio Wealth Management LLC increased its stake in Nuveen Churchill Direct Lending by 0.8% in the first quarter. Aprio Wealth Management LLC now owns 112,471 shares of the company's stock valued at $1,910,000 after purchasing an additional 867 shares during the period. GW Henssler & Associates Ltd. purchased a new stake in shares of Nuveen Churchill Direct Lending in the first quarter valued at about $323,000. Callodine Capital Management LP boosted its stake in shares of Nuveen Churchill Direct Lending by 42.7% during the first quarter. Callodine Capital Management LP now owns 500,000 shares of the company's stock worth $8,490,000 after buying an additional 149,611 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Nuveen Churchill Direct Lending during the first quarter worth about $435,000.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. UBS Group decreased their target price on Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company lowered their price objective on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of 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.

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.