Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Receives $13.62 Average Price Target from Analysts

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) have been assigned an average rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $13.6250.

Several equities analysts recently commented on the stock. Wells Fargo & Company downgraded shares of Nuveen Churchill Direct Lending from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $13.00 to $12.00 in a research note on Friday, June 12th. Wall Street Zen raised Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Zacks Research upgraded Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. UBS Group raised Nuveen Churchill Direct Lending from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $14.75 to $13.00 in a report on Tuesday, September 1st. Finally, Keefe, Bruyette & Woods dropped their target price on Nuveen Churchill Direct Lending from $15.00 to $13.50 and set a “market perform” rating for the company in a research report on Monday, August 10th.

Nuveen Churchill Direct Lending Stock Performance

Shares of NCDL stock opened at $12.26 on Tuesday. The stock’s fifty day moving average price is $12.48 and its two-hundred day moving average price is $12.95. The company has a market cap of $605.27 million, a PE ratio of 12.90 and a beta of 0.52. Nuveen Churchill Direct Lending has a fifty-two week low of $11.97 and a fifty-two week high of $15.29.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $11.14 million during the quarter, compared to analysts’ expectations of $46.72 million. Nuveen Churchill Direct Lending had a return on equity of 9.60% and a net margin of 24.44%. On average, equities analysts predict that Nuveen Churchill Direct Lending will post 1.6 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 27th. Stockholders of record on Wednesday, September 30th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.44 annualized dividend and a dividend yield of 11.8%. Nuveen Churchill Direct Lending’s dividend payout ratio is currently 151.58%.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

A number of hedge funds have recently modified their holdings of the business. GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in Nuveen Churchill Direct Lending during the 4th quarter worth approximately $164,000. Nottingham Advisors Inc. acquired a new position in Nuveen Churchill Direct Lending in the first quarter valued at $308,000. NewGen Asset Management Ltd acquired a new stake in Nuveen Churchill Direct Lending during the 1st quarter worth about $355,000. NewEdge Wealth LLC bought a new position in shares of Nuveen Churchill Direct Lending in the 4th quarter worth about $400,000. Finally, Lido Advisors LLC raised its position in shares of Nuveen Churchill Direct Lending by 19.9% in the 1st quarter. Lido Advisors LLC now owns 53,788 shares of the company’s stock worth $705,000 after acquiring an additional 8,932 shares in the last quarter.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. is a business development company (BDC) that provides financing to privately owned, middle-market companies. The company seeks to generate income primarily through investments in senior secured loans and other debt securities, while also pursuing capital appreciation through selected equity and equity-related investments.

Its portfolio generally consists of direct investments in companies operating across a range of industries, with an emphasis on established businesses that may require financing for acquisitions, recapitalizations, refinancings, growth initiatives, or other corporate purposes.