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

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $18.33.

Separately, Wells Fargo & Company decreased their price objective on 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.

Nuveen Churchill Direct Lending Price Performance

Shares of NCDL opened at $17.38 on Tuesday. Nuveen Churchill Direct Lending has a 52-week low of $16.00 and a 52-week high of $18.10. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.03. The stock has a fifty day simple moving average of $17.42 and a two-hundred day simple moving average of $17.54.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its earnings results on Wednesday, August 7th. The company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $55.09 million for the quarter, compared to the consensus estimate of $54.30 million. Nuveen Churchill Direct Lending had a net margin of 50.23% and a return on equity of 12.70%. Analysts predict that Nuveen Churchill Direct Lending will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Dividend Announcement

The business also recently announced a — dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be issued a $0.10 dividend. The ex-dividend date is Monday, September 30th. This represents a yield of 10.3%.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

A number of institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in Nuveen Churchill Direct Lending during the second quarter worth about $95,000. Beacon Bridge Wealth Partners LLC acquired a new stake in Nuveen Churchill Direct Lending during the 2nd quarter worth approximately $226,000. Mount Yale Investment Advisors LLC purchased a new position in Nuveen Churchill Direct Lending in the 2nd quarter valued at approximately $257,000. Aprio Wealth Management LLC acquired a new position in shares of Nuveen Churchill Direct Lending in the second quarter worth $272,000. Finally, Tranquility Partners LLC purchased a new stake in shares of Nuveen Churchill Direct Lending during the second quarter worth $277,000.

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.