Insider Buying: Nuveen Churchill Direct Lending (NYSE:NCDL) Director Buys 2,000 Shares of Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Director Kenneth Miranda bought 2,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were acquired at an average cost of $14.10 per share, with a total value of $28,200.00. Following the acquisition, the director directly owned 27,000 shares in the company, valued at approximately $380,700. This trade represents a 8.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Nuveen Churchill Direct Lending Trading Up 1.3%

NCDL traded up $0.18 during midday trading on Friday, reaching $14.08. 62,793 shares of the company were exchanged, compared to its average volume of 239,825. The stock has a market capitalization of $695.12 million, a P/E ratio of 9.21 and a beta of 0.38. Nuveen Churchill Direct Lending Corp. has a one year low of $13.16 and a one year high of $18.01. The stock’s 50-day simple moving average is $14.25 and its 200 day simple moving average is $15.51. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.65 and a current ratio of 1.65.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The firm had revenue of $51.11 million for the quarter, compared to analyst estimates of $52.00 million. Nuveen Churchill Direct Lending had a net margin of 36.83% and a return on equity of 11.13%. As a group, analysts forecast that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share 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. Stockholders of record on Wednesday, December 31st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Wednesday, December 31st. Nuveen Churchill Direct Lending’s payout ratio is 117.65%.

Analyst Ratings Changes

Several research firms have commented on NCDL. Wall Street Zen cut Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. UBS Group dropped their target price on 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 price target on Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Wells Fargo & Company cut their price objective on Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Finally, Zacks Research cut shares of Nuveen Churchill Direct Lending from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nuveen Churchill Direct Lending presently has an average rating of “Hold” and a consensus target price of $15.75.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Institutional investors have recently made changes to their positions in the company. Cresset Asset Management LLC acquired a new stake in shares of Nuveen Churchill Direct Lending during the first quarter worth $537,000. GW Henssler & Associates Ltd. bought a new stake in Nuveen Churchill Direct Lending in the 1st quarter valued at about $323,000. Callodine Capital Management LP increased its holdings in shares of Nuveen Churchill Direct Lending by 42.7% during the first quarter. Callodine Capital Management LP now owns 500,000 shares of the company’s stock worth $8,490,000 after purchasing an additional 149,611 shares during the period. Nuveen LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the first quarter valued at approximately $8,292,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Nuveen Churchill Direct Lending during the first quarter worth approximately $279,000.

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.