Nuveen Churchill Direct Lending (NCDL) to Release Earnings on Tuesday

Nuveen Churchill Direct Lending (NYSE:NCDL) is expected to post its results before the market opens on Tuesday, November 4th. Analysts expect Nuveen Churchill Direct Lending to post earnings of $0.46 per share for the quarter.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its earnings results on Wednesday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. The firm had revenue of $53.13 million during the quarter, compared to analysts’ expectations of $54.41 million. Nuveen Churchill Direct Lending had a net margin of 43.35% and a return on equity of 11.88%. On average, analysts expect Nuveen Churchill Direct Lending to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nuveen Churchill Direct Lending Price Performance

NYSE NCDL opened at $14.45 on Friday. The company has a 50 day moving average price of $14.69 and a two-hundred day moving average price of $15.64. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.26. Nuveen Churchill Direct Lending has a 12-month low of $13.16 and a 12-month high of $18.01. The stock has a market capitalization of $713.69 million, a PE ratio of 7.94 and a beta of 0.36.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NCDL shares. Wall Street Zen upgraded shares of Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. UBS Group reduced their price objective on shares of Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.00.

Insider Buying and Selling

In related news, Treasurer Shaul Vichness bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was purchased at an average cost of $14.85 per share, for a total transaction of $74,250.00. Following the purchase, the treasurer directly owned 15,000 shares in the company, valued at $222,750. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Several large investors have recently bought and sold shares of NCDL. Quantbot Technologies LP acquired a new position in Nuveen Churchill Direct Lending during the 2nd quarter valued at $152,000. Cresset Asset Management LLC raised its stake in Nuveen Churchill Direct Lending by 17.6% during the 2nd quarter. Cresset Asset Management LLC now owns 36,025 shares of the company’s stock valued at $599,000 after purchasing an additional 5,391 shares during the last quarter. NewEdge Advisors LLC raised its stake in Nuveen Churchill Direct Lending by 33.0% during the 2nd quarter. NewEdge Advisors LLC now owns 4,511 shares of the company’s stock valued at $73,000 after purchasing an additional 1,118 shares during the last quarter. Sei Investments Co. raised its stake in Nuveen Churchill Direct Lending by 11.4% during the 2nd quarter. Sei Investments Co. now owns 18,678 shares of the company’s stock valued at $302,000 after purchasing an additional 1,918 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Nuveen Churchill Direct Lending by 41.2% during the 2nd quarter. Bank of America Corp DE now owns 86,036 shares of the company’s stock valued at $1,393,000 after purchasing an additional 25,106 shares during the last quarter.

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.