Snowden Capital Advisors LLC Acquires 209,823 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Snowden Capital Advisors LLC grew its stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 100.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 419,541 shares of the company’s stock after purchasing an additional 209,823 shares during the period. Snowden Capital Advisors LLC owned approximately 0.77% of Nuveen Churchill Direct Lending worth $7,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Bellevue Asset Management LLC bought a new position in Nuveen Churchill Direct Lending in the fourth quarter valued at about $28,000. Tower Research Capital LLC TRC acquired a new stake in shares of Nuveen Churchill Direct Lending during the 4th quarter worth approximately $48,000. NewEdge Advisors LLC grew its position in shares of Nuveen Churchill Direct Lending by 680.1% during the 4th quarter. NewEdge Advisors LLC now owns 3,300 shares of the company’s stock worth $55,000 after buying an additional 2,877 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Nuveen Churchill Direct Lending by 72.2% during the fourth quarter. Farther Finance Advisors LLC now owns 5,512 shares of the company’s stock worth $92,000 after buying an additional 2,311 shares during the last quarter. Finally, OneAscent Wealth Management LLC bought a new position in Nuveen Churchill Direct Lending in the fourth quarter valued at approximately $171,000.

Nuveen Churchill Direct Lending Trading Up 1.3%

NCDL opened at $15.65 on Friday. Nuveen Churchill Direct Lending Corp. has a twelve month low of $14.21 and a twelve month high of $18.05. The firm has a market cap of $801.55 million, a PE ratio of 6.69 and a beta of 0.45. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.69 and a current ratio of 1.69. The firm’s fifty day moving average is $16.02 and its two-hundred day moving average is $16.73.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.04). Nuveen Churchill Direct Lending had a return on equity of 12.72% and a net margin of 53.56%. The business had revenue of $53.59 million for the quarter, compared to analyst estimates of $56.01 million. Equities research analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 11.50%. The ex-dividend date of this dividend is Monday, June 30th. Nuveen Churchill Direct Lending’s dividend payout ratio (DPR) is presently 96.26%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their price target on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. UBS Group cut their target price on Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Finally, Wells Fargo & Company decreased their target price on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday.

Insider Activity at Nuveen Churchill Direct Lending

In other news, CEO Kenneth J. Kencel bought 16,234 shares of the stock in a transaction on Monday, May 12th. The stock was purchased at an average price of $15.34 per share, for a total transaction of $249,029.56. Following the acquisition, the chief executive officer now owns 28,117 shares in the company, valued at approximately $431,314.78. This trade represents a 136.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.62% of the stock is owned by insiders.

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.