Nuveen Churchill Direct Lending Corp. (NYSE:NCDL – Get Free Report) 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.
Read Our Latest Research Report on Nuveen Churchill Direct Lending
Institutional Investors Weigh In On Nuveen Churchill Direct Lending
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 – Get Free Report) 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.
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