Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Receives Consensus Rating of “Hold” from Analysts

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) have earned an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $15.75.

A number of brokerages recently weighed in on NCDL. Wall Street Zen lowered Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Wells Fargo & Company cut their price target on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Keefe, Bruyette & Woods lowered their price objective on Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Finally, Zacks Research upgraded shares of Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th.

Nuveen Churchill Direct Lending Price Performance

Shares of NCDL stock opened at $13.70 on Friday. The business has a fifty day simple moving average of $13.72 and a 200 day simple moving average of $14.46. The company has a market cap of $676.64 million, a P/E ratio of 8.95 and a beta of 0.40. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.25. Nuveen Churchill Direct Lending has a twelve month low of $12.95 and a twelve month high of $18.01.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets increased its holdings in Nuveen Churchill Direct Lending by 190.2% in the third quarter. BNP Paribas Financial Markets now owns 2,400 shares of the company’s stock valued at $33,000 after purchasing an additional 1,573 shares during the period. Advisory Services Network LLC bought a new stake in shares of Nuveen Churchill Direct Lending in the 3rd quarter valued at about $38,000. NewEdge Advisors LLC grew its position in shares of Nuveen Churchill Direct Lending by 33.0% in the 2nd quarter. NewEdge Advisors LLC now owns 4,511 shares of the company’s stock valued at $73,000 after buying an additional 1,118 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the third quarter valued at about $80,000. Finally, Global Retirement Partners LLC bought a new position in shares of Nuveen Churchill Direct Lending during the third quarter worth about $85,000.

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.