Shaul Vichness Purchases 5,000 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Stock

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

Nuveen Churchill Direct Lending Trading Up 0.6%

Shares of Nuveen Churchill Direct Lending stock traded up $0.09 during trading on Monday, hitting $16.30. The company's stock had a trading volume of 422,611 shares, compared to its average volume of 189,287. The stock has a market cap of $819.63 million, a price-to-earnings ratio of 6.97 and a beta of 0.47. Nuveen Churchill Direct Lending Corp. has a 52 week low of $14.21 and a 52 week high of $18.01. The stock has a 50-day moving average price of $15.64 and a two-hundred day moving average price of $16.57. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 1.69.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.04). Nuveen Churchill Direct Lending had a return on equity of 12.72% and a net margin of 53.56%. The firm had revenue of $53.59 million during the quarter, compared to analyst estimates of $56.01 million. Equities research analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders 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 dividend yield of 11.04%. The ex-dividend date of this dividend 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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen LLC acquired a new stake in Nuveen Churchill Direct Lending in the 1st quarter valued at $8,292,000. JPMorgan Chase & Co. lifted its holdings in Nuveen Churchill Direct Lending by 94.3% during the fourth quarter. JPMorgan Chase & Co. now owns 751,442 shares of the company's stock worth $12,609,000 after acquiring an additional 364,739 shares during the period. Millennium Management LLC boosted its holdings in shares of Nuveen Churchill Direct Lending by 361.6% in the 4th quarter. Millennium Management LLC now owns 437,992 shares of the company's stock worth $7,350,000 after buying an additional 343,113 shares during the last quarter. Ieq Capital LLC purchased a new position in Nuveen Churchill Direct Lending in the fourth quarter valued at about $4,798,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Nuveen Churchill Direct Lending by 364.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 342,773 shares of the company's stock valued at $5,820,000 after purchasing an additional 268,968 shares during the period.

Wall Street Analyst Weigh In

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

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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