Nuveen Churchill Direct Lending (NYSE:NCDL) VP Buys $26,600.00 in Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) VP John Mccally bought 2,000 shares of the stock in a transaction on Thursday, March 5th. The shares were bought at an average cost of $13.30 per share, for a total transaction of $26,600.00. Following the purchase, the vice president owned 7,430 shares in the company, valued at $98,819. This trade represents a 36.83% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Nuveen Churchill Direct Lending Price Performance

NYSE:NCDL traded down $0.10 during midday trading on Friday, hitting $13.20. 201,247 shares of the stock were exchanged, compared to its average volume of 278,349. Nuveen Churchill Direct Lending Corp. has a one year low of $12.54 and a one year high of $17.59. The company has a market capitalization of $651.95 million, a price-to-earnings ratio of 10.08 and a beta of 0.44. The business has a 50-day moving average price of $13.55 and a two-hundred day moving average price of $14.24. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.27.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Nuveen Churchill Direct Lending had a return on equity of 10.48% and a net margin of 31.57%.The company had revenue of $26.36 million for the quarter, compared to the consensus estimate of $49.60 million. Sell-side analysts predict that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, March 31st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Tuesday, March 31st. Nuveen Churchill Direct Lending’s dividend payout ratio is presently 137.40%.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCDL. Invesco Ltd. raised its stake in Nuveen Churchill Direct Lending by 2,179.1% during the 4th quarter. Invesco Ltd. now owns 742,296 shares of the company’s stock valued at $9,902,000 after purchasing an additional 709,727 shares during the period. Closed End Fund Advisors Inc. acquired a new stake in shares of Nuveen Churchill Direct Lending in the fourth quarter worth $7,374,000. Ares Management LLC grew its holdings in shares of Nuveen Churchill Direct Lending by 188.3% during the fourth quarter. Ares Management LLC now owns 360,830 shares of the company’s stock valued at $4,813,000 after buying an additional 235,674 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in Nuveen Churchill Direct Lending by 213.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 339,978 shares of the company’s stock valued at $4,535,000 after buying an additional 231,400 shares during the period. Finally, UBS Group AG lifted its stake in Nuveen Churchill Direct Lending by 40.0% in the 4th quarter. UBS Group AG now owns 689,050 shares of the company’s stock worth $9,192,000 after acquiring an additional 196,956 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on NCDL shares. Truist Financial dropped their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday. Wells Fargo & Company dropped their price target on Nuveen Churchill Direct Lending from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday. Wall Street Zen lowered Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a research note on Monday. Zacks Research upgraded Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, Keefe, Bruyette & Woods cut their target price on Nuveen Churchill Direct Lending from $16.00 to $15.00 and set a “market perform” rating on the stock in a research report on Friday, February 27th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Nuveen Churchill Direct Lending presently has a consensus rating of “Hold” and an average price target of $15.40.

More Nuveen Churchill Direct Lending News

Here are the key news stories impacting Nuveen Churchill Direct Lending this week:

• Positive Sentiment: Multiple insiders are buying stock — including CEO Kenneth J. Kencel (10,000 shares at ~$13.04), Director Kenneth Miranda (3,000 shares at $12.83), Jason Strife (7,690 shares at $13.40), VP John McCally (2,000 shares at $13.30) and Director Mat Linett (2,000 shares at $13.05) — signaling management confidence at current levels. SEC Filing (Jason Strife)
• Positive Sentiment: Institutional investors have been active: Invesco materially increased its stake in the 4Q, and other funds (Virtu, NewEdge, VARCOV, Almitas) adjusted positions — a sign of interest from larger holders. MarketBeat: Insider & institutional details
• Neutral Sentiment: Quarterly EPS marginally beat (reported $0.44 vs. $0.43 est.), which is supportive for income investors, but the beat was slight and leaves forward guidance/credit performance the focus area. Earnings summary
• Neutral Sentiment: The board declared a quarterly dividend of $0.36 (annualized $1.44; ~10.9% yield). While yield is attractive to income buyers, the fund’s payout ratio is high (137%), making the dividend’s sustainability an open question. Dividend & DPR details
• Negative Sentiment: Several analysts cut price targets and trimmed expectations this week (Wells Fargo to $13.00; Truist lowered its prior target and reduced expectations; KBW trimmed its target) — increasing near‑term selling pressure and lowering the stock’s perceived upside. Wells Fargo price target cut Truist note
• Negative Sentiment: Revenue in the quarter materially missed consensus ($26.36M reported vs. ~$49.6M expected), suggesting weaker origination/fee activity or timing effects — a key negative for a credit-focused closed‑end fund. Quarterly revenue miss
• Negative Sentiment: High dividend payout ratio (137%) and headlines indicating a dividend cut or reset increase uncertainty around future distributions — a central driver for valuation of yield‑focused CEFs. Dividend concerns

About Nuveen Churchill Direct Lending

Nuveen Churchill Direct Lending (NYSE:NCDL) is a closed-end management investment company that seeks to provide shareholders with attractive risk-adjusted returns through a diversified portfolio of direct lending instruments. Established in early 2022, NCDL focuses on privately negotiated debt investments in middle-market companies, primarily within the United States. The fund offers investors access to a segment of the credit markets that has historically been less correlated with public debt markets, aiming to capture yield premiums associated with private lending.

The fund’s investment strategy centers on senior secured loans, unitranche financings and selectively structured mezzanine debt.