Nuveen Churchill Direct Lending (NYSE:NCDL) Price Target Lowered to $15.00 at Wells Fargo & Company

Nuveen Churchill Direct Lending (NYSE:NCDL - Free Report) had its price target cut by Wells Fargo & Company from $17.00 to $15.00 in a report published on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also weighed in on the stock. UBS Group cut 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 report on Thursday, April 17th. Keefe, Bruyette & Woods cut 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 report on Tuesday, April 8th.

Nuveen Churchill Direct Lending Price Performance

Nuveen Churchill Direct Lending stock traded up $0.28 during midday trading on Monday, reaching $15.99. 180,173 shares of the company were exchanged, compared to its average volume of 170,931. The firm's 50-day simple moving average is $16.37 and its 200-day simple moving average is $16.84. Nuveen Churchill Direct Lending has a 1 year low of $14.21 and a 1 year high of $18.05. The company has a market capitalization of $818.96 million, a price-to-earnings ratio of 6.83 and a beta of 0.45. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.69 and a current ratio of 1.69.

Nuveen Churchill Direct Lending Dividend Announcement

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

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Large investors have recently bought and sold shares of the stock. Merit Financial Group LLC increased its holdings in shares of Nuveen Churchill Direct Lending by 0.8% during the 1st quarter. Merit Financial Group LLC now owns 84,467 shares of the company's stock worth $1,434,000 after buying an additional 695 shares during the last quarter. Dover Advisors LLC increased its stake in Nuveen Churchill Direct Lending by 6.5% during the first quarter. Dover Advisors LLC now owns 16,500 shares of the company's stock worth $289,000 after acquiring an additional 1,000 shares during the last quarter. Bellevue Asset Management LLC purchased a new position in shares of Nuveen Churchill Direct Lending in the 4th quarter worth about $28,000. Farther Finance Advisors LLC lifted its stake in shares of Nuveen Churchill Direct Lending by 72.2% in the 4th quarter. Farther Finance Advisors LLC now owns 5,512 shares of the company's stock valued at $92,000 after purchasing an additional 2,311 shares in the last quarter. Finally, Catalina Capital Group LLC grew its holdings in shares of Nuveen Churchill Direct Lending by 26.2% during the 4th quarter. Catalina Capital Group LLC now owns 13,184 shares of the company's stock worth $221,000 after purchasing an additional 2,735 shares during the period.

Nuveen Churchill Direct Lending Company Profile

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.