Wells Fargo & Company Issues Pessimistic Forecast for Nuveen Churchill Direct Lending (NYSE:NCDL) Stock Price

Nuveen Churchill Direct Lending (NYSE:NCDL - Free Report) had its target price lowered by Wells Fargo & Company from $17.00 to $15.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

NCDL has been the subject of several other research reports. UBS Group dropped their price target 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. Keefe, Bruyette & Woods decreased their price objective on 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.

Nuveen Churchill Direct Lending Price Performance

Nuveen Churchill Direct Lending stock traded down $0.02 during mid-day trading on Monday, hitting $15.71. 184,977 shares of the company were exchanged, compared to its average volume of 170,360. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 1.69. The business's 50 day simple moving average is $16.44 and its two-hundred day simple moving average is $16.86. The company has a market capitalization of $804.36 million, a P/E ratio of 6.71 and a beta of 0.37. Nuveen Churchill Direct Lending has a 12-month low of $14.21 and a 12-month high of $18.05.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently announced a -- dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, March 31st were given a dividend of $0.10 per share. This represents a dividend yield of 10.3%. The ex-dividend date of this dividend was Monday, March 31st. Nuveen Churchill Direct Lending's payout ratio is 83.72%.

Institutional Trading of Nuveen Churchill Direct Lending

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Adams Asset Advisors LLC increased its position in shares of Nuveen Churchill Direct Lending by 165.7% during the first 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 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 valued at $289,000 after buying an additional 1,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in 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 increased its holdings in Nuveen Churchill Direct Lending by 6.4% in the first quarter. GraniteShares Advisors LLC now owns 156,645 shares of the company's stock valued at $2,660,000 after buying an additional 9,490 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Nuveen Churchill Direct Lending by 40.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 297,087 shares of the company's stock valued at $5,045,000 after purchasing an additional 85,498 shares during the last quarter.

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.