Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) saw unusually-high trading volume on Wednesday . Approximately 289,710 shares traded hands during mid-day trading, an increase of 2% from the previous session’s volume of 284,104 shares.The stock last traded at $16.52 and had previously closed at $16.41.

Nuveen Churchill Direct Lending Stock Performance

The stock has a 50-day simple moving average of $17.02 and a 200-day simple moving average of $17.29. The stock has a market cap of $888.67 million and a P/E ratio of 6.97. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 1.69.

Nuveen Churchill Direct Lending Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Tuesday, December 31st will be paid a $0.10 dividend. This represents a yield of 10.5%. The ex-dividend date is Tuesday, December 31st. Nuveen Churchill Direct Lending’s dividend payout ratio (DPR) is presently 76.92%.

Insider Activity

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

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Several institutional investors and hedge funds have recently bought and sold shares of NCDL. JPMorgan Chase & Co. raised its stake in shares of Nuveen Churchill Direct Lending by 1,045,043.2% in the third quarter. JPMorgan Chase & Co. now owns 386,703 shares of the company’s stock worth $6,736,000 after purchasing an additional 386,666 shares during the last quarter. Opal Wealth Advisors LLC boosted its position in shares of Nuveen Churchill Direct Lending by 184.1% in the 3rd quarter. Opal Wealth Advisors LLC now owns 194,638 shares of the company’s stock worth $3,391,000 after purchasing an additional 126,131 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Nuveen Churchill Direct Lending by 99.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 157,803 shares of the company’s stock valued at $2,749,000 after buying an additional 78,785 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Nuveen Churchill Direct Lending in the 2nd quarter valued at about $871,000. Finally, Aprio Wealth Management LLC boosted its holdings in Nuveen Churchill Direct Lending by 250.2% in the 3rd quarter. Aprio Wealth Management LLC now owns 54,688 shares of the company’s stock worth $953,000 after buying an additional 39,073 shares during the last quarter.

About Nuveen Churchill Direct Lending

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.