Wall Street Zen Upgrades Nuveen Churchill Direct Lending (NYSE:NCDL) to Hold

Nuveen Churchill Direct Lending (NYSE:NCDL) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Other equities analysts have also recently issued reports about the company. Zacks Research raised Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Wells Fargo & Company reduced their price target on shares of Nuveen Churchill Direct Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Nuveen Churchill Direct Lending from $17.00 to $16.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.75.

Nuveen Churchill Direct Lending Trading Down 2.4%

NYSE NCDL opened at $13.50 on Friday. The stock’s 50-day simple moving average is $13.69 and its two-hundred day simple moving average is $14.40. Nuveen Churchill Direct Lending has a twelve month low of $12.95 and a twelve month high of $18.01. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $666.77 million, a price-to-earnings ratio of 8.82 and a beta of 0.40.

Institutional Trading of Nuveen Churchill Direct Lending

Institutional investors have recently made changes to their positions in the stock. Atlatl Advisers LLC bought a new stake in Nuveen Churchill Direct Lending during the 2nd quarter valued at $173,000. Y Intercept Hong Kong Ltd raised its stake in shares of Nuveen Churchill Direct Lending by 100.0% during the second quarter. Y Intercept Hong Kong Ltd now owns 32,820 shares of the company’s stock valued at $531,000 after acquiring an additional 16,408 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of Nuveen Churchill Direct Lending in the second quarter worth about $773,000. Virtus Investment Advisers LLC raised its position in Nuveen Churchill Direct Lending by 12.2% during the 2nd quarter. Virtus Investment Advisers LLC now owns 22,453 shares of the company’s stock valued at $364,000 after purchasing an additional 2,438 shares during the last quarter. Finally, Lido Advisors LLC bought a new position in Nuveen Churchill Direct Lending during the 2nd quarter valued at approximately $349,000.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending (NYSE:NCDL) is a closed-end management investment company that seeks to provide shareholders with attractive risk-adjusted returns through a diversified portfolio of direct lending instruments. Established in early 2022, NCDL focuses on privately negotiated debt investments in middle-market companies, primarily within the United States. The fund offers investors access to a segment of the credit markets that has historically been less correlated with public debt markets, aiming to capture yield premiums associated with private lending.

The fund’s investment strategy centers on senior secured loans, unitranche financings and selectively structured mezzanine debt.