Confluence Investment Management LLC Acquires 1,076 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Confluence Investment Management LLC increased its stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 0.9% during the third quarter, Holdings Channel.com reports. The firm owned 118,161 shares of the company’s stock after purchasing an additional 1,076 shares during the quarter. Confluence Investment Management LLC’s holdings in Nuveen Churchill Direct Lending were worth $2,058,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its stake in shares of Nuveen Churchill Direct Lending by 119.8% in the third quarter. Farther Finance Advisors LLC now owns 3,201 shares of the company’s stock worth $56,000 after buying an additional 1,745 shares during the period. Sunbelt Securities Inc. bought a new stake in Nuveen Churchill Direct Lending during the 2nd quarter worth approximately $95,000. Catalina Capital Group LLC purchased a new position in Nuveen Churchill Direct Lending during the third quarter valued at approximately $182,000. Dudley Capital Management LLC bought a new position in shares of Nuveen Churchill Direct Lending in the third quarter worth approximately $204,000. Finally, Beacon Bridge Wealth Partners LLC purchased a new stake in shares of Nuveen Churchill Direct Lending in the second quarter worth $226,000.

Nuveen Churchill Direct Lending Stock Performance

Shares of NCDL opened at $17.08 on Friday. Nuveen Churchill Direct Lending Corp. has a fifty-two week low of $16.00 and a fifty-two week high of $18.10. The company’s fifty day moving average is $17.40 and its 200 day moving average is $17.47. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.21 and a current ratio of 1.21.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. Nuveen Churchill Direct Lending had a net margin of 50.23% and a return on equity of 12.70%. The company had revenue of $55.09 million for the quarter, compared to the consensus estimate of $54.30 million. On average, analysts forecast that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lowered their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Nuveen Churchill Direct Lending currently has an average rating of “Moderate Buy” and a consensus price target of $18.33.

Nuveen Churchill Direct Lending 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.