Nuveen Churchill Direct Lending (NYSE:NCDL) Issues Earnings Results, Misses Estimates By $0.01 EPS

Nuveen Churchill Direct Lending (NYSE:NCDL) released its quarterly earnings results on Tuesday. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01), Zacks reports. Nuveen Churchill Direct Lending had a net margin of 24.44% and a return on equity of 9.60%. The firm had revenue of $43.67 million for the quarter, compared to analysts’ expectations of $43.72 million.

Nuveen Churchill Direct Lending Stock Down 0.8%

Shares of NCDL traded down $0.09 during trading hours on Tuesday, hitting $11.30. The company had a trading volume of 81,085 shares, compared to its average volume of 230,966. The firm has a market cap of $558.11 million, a P/E ratio of 11.88 and a beta of 0.55. The stock’s 50 day moving average price is $11.52 and its 200 day moving average price is $12.74. Nuveen Churchill Direct Lending has a 52-week low of $10.31 and a 52-week high of $15.07.

Analysts Set New Price Targets

NCDL has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their price objective on Nuveen Churchill Direct Lending from $15.00 to $13.50 and set a “market perform” rating on the stock in a research report on Monday, August 10th. Zacks Research upgraded Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Wall Street Zen upgraded Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, UBS Group raised Nuveen Churchill Direct Lending from a “neutral” rating to a “buy” rating and cut their target price for the stock from $14.75 to $13.00 in a research note on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.62.

About Nuveen Churchill Direct Lending

Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) is a closed-end investment company that has elected to be regulated as a business development company. The company provides financing to privately owned, primarily U.S.-based middle-market businesses.

NCDL invests mainly in senior secured loans and other debt investments, with a focus on companies that may have limited access to traditional bank financing. Its portfolio may also include unitranche loans, subordinated debt and, to a lesser extent, equity or equity-related investments.