Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Receives $18.33 Consensus PT from Brokerages

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.33.

Separately, Wells Fargo & Company reduced their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Several hedge funds and other institutional investors have recently made changes to their positions in NCDL. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Nuveen Churchill Direct Lending during the 1st quarter worth about $506,000. Capstone Investment Advisors LLC bought a new stake in Nuveen Churchill Direct Lending in the first quarter worth about $734,000. Confluence Investment Management LLC boosted its position in shares of Nuveen Churchill Direct Lending by 13.7% during the second quarter. Confluence Investment Management LLC now owns 117,085 shares of the company’s stock valued at $2,037,000 after buying an additional 14,068 shares during the period. Aprio Wealth Management LLC bought a new position in shares of Nuveen Churchill Direct Lending during the second quarter valued at approximately $272,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Nuveen Churchill Direct Lending during the second quarter valued at approximately $1,192,000.

Nuveen Churchill Direct Lending Price Performance

Shares of Nuveen Churchill Direct Lending stock opened at $17.54 on Friday. The stock has a 50 day moving average of $17.41 and a 200 day moving average of $17.45. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 1.21. Nuveen Churchill Direct Lending has a 12 month low of $16.00 and a 12 month high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. The firm had revenue of $55.09 million during the quarter, compared to analyst estimates of $54.30 million. Nuveen Churchill Direct Lending had a net margin of 50.23% and a return on equity of 12.70%. As a group, equities analysts expect that Nuveen Churchill Direct Lending will post 2.28 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.10 per share. This represents a yield of 10.3%. The ex-dividend date of this dividend is Monday, September 30th.

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.