Nuveen Churchill Direct Lending (NYSE:NCDL) CEO Kenneth Kencel Purchases 20,000 Shares

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) CEO Kenneth Kencel purchased 20,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were acquired at an average price of $14.22 per share, with a total value of $284,400.00. Following the completion of the acquisition, the chief executive officer owned 48,117 shares of the company’s stock, valued at approximately $684,223.74. The trade was a 71.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nuveen Churchill Direct Lending Stock Performance

Nuveen Churchill Direct Lending stock traded up $0.13 during mid-day trading on Friday, reaching $14.26. The company had a trading volume of 139,367 shares, compared to its average volume of 241,866. The company has a quick ratio of 1.13, a current ratio of 1.65 and a debt-to-equity ratio of 1.25. The firm has a market cap of $704.10 million, a price-to-earnings ratio of 9.32 and a beta of 0.38. The company has a 50 day moving average of $14.57 and a 200-day moving average of $15.61. Nuveen Churchill Direct Lending Corp. has a 52 week low of $13.16 and a 52 week high of $18.01.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03). Nuveen Churchill Direct Lending had a return on equity of 11.13% and a net margin of 36.83%.The company had revenue of $51.11 million for the quarter, compared to the consensus estimate of $52.00 million. On average, sell-side analysts expect that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 27th. Shareholders of record on Wednesday, December 31st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.80 annualized dividend and a yield of 12.6%. Nuveen Churchill Direct Lending’s dividend payout ratio is 117.65%.

Analyst Ratings Changes

A number of brokerages recently commented on NCDL. Wall Street Zen upgraded Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. UBS Group lowered their price target on shares of Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Keefe, Bruyette & Woods decreased their target price on shares of Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company lowered their target price on shares of 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. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.75.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Several institutional investors and hedge funds have recently made changes to their positions in the company. Graybill Wealth Management LTD. acquired a new stake in shares of Nuveen Churchill Direct Lending during the 1st quarter worth about $115,000. Y Intercept Hong Kong Ltd bought a new stake in Nuveen Churchill Direct Lending during the first quarter worth about $279,000. Dudley Capital Management LLC increased its holdings in shares of Nuveen Churchill Direct Lending by 5.2% during the first quarter. Dudley Capital Management LLC now owns 33,862 shares of the company’s stock worth $575,000 after buying an additional 1,675 shares in the last quarter. XTX Topco Ltd raised its stake in shares of Nuveen Churchill Direct Lending by 48.0% in the first quarter. XTX Topco Ltd now owns 18,125 shares of the company’s stock valued at $308,000 after acquiring an additional 5,880 shares during the last quarter. Finally, Entropy Technologies LP raised its stake in shares of Nuveen Churchill Direct Lending by 6.8% in the first quarter. Entropy Technologies LP now owns 12,025 shares of the company’s stock valued at $204,000 after acquiring an additional 761 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.