Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Large Volume Increase – What’s Next?

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) saw an uptick in trading volume on Monday . 87,432 shares changed hands during trading, an increase of 5% from the previous session’s volume of 83,621 shares.The stock last traded at $17.35 and had previously closed at $17.23.

Wall Street Analyst Weigh In

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

Nuveen Churchill Direct Lending Trading Up 0.2 %

The company has a 50 day moving average of $17.18 and a two-hundred day moving average of $17.41. The stock has a market capitalization of $941.04 million and a PE ratio of 7.36. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.69 and a current ratio of 1.69.

Nuveen Churchill Direct Lending Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Tuesday, January 28th. Investors of record on Tuesday, December 31st will be given a $0.10 dividend. This represents a dividend yield of 10.5%. The ex-dividend date is Tuesday, December 31st. Nuveen Churchill Direct Lending’s payout ratio is currently 76.92%.

Insiders Place Their Bets

In other news, CEO Kenneth J. Kencel purchased 20,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were acquired at an average price of $17.37 per share, for a total transaction of $347,400.00. Following the purchase, the chief executive officer now owns 20,000 shares in the company, valued at $347,400. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is owned by insiders.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in Nuveen Churchill Direct Lending by 119.8% during the 3rd 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 last quarter. Sunbelt Securities Inc. purchased a new position in shares of Nuveen Churchill Direct Lending during the second quarter worth $95,000. Catalina Capital Group LLC acquired a new position in Nuveen Churchill Direct Lending during the third quarter valued at $182,000. Dudley Capital Management LLC purchased a new stake in Nuveen Churchill Direct Lending in the third quarter valued at $204,000. Finally, Beacon Bridge Wealth Partners LLC purchased a new stake in Nuveen Churchill Direct Lending in the second quarter valued at $226,000.

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.