Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) CEO Acquires $347,400.00 in Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) CEO Kenneth J. Kencel bought 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average price of $17.37 per share, for a total transaction of $347,400.00. Following the acquisition, the chief executive officer now owns 20,000 shares of the company’s stock, valued at $347,400. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Nuveen Churchill Direct Lending Price Performance

Shares of NYSE:NCDL remained flat at $17.39 during midday trading on Tuesday. 33,737 shares of the stock traded hands, compared to its average volume of 80,337. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.10. The business’s 50 day moving average price is $17.22 and its 200 day moving average price is $17.43. The stock has a market cap of $947.58 million and a P/E ratio of 7.43. Nuveen Churchill Direct Lending Corp. has a one year low of $16.00 and a one year high of $18.10.

Nuveen Churchill Direct Lending Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.10 per share. This represents a dividend yield of 10.5%. The ex-dividend date is Tuesday, December 31st. Nuveen Churchill Direct Lending’s payout ratio is presently 76.92%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company dropped their price objective 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Nuveen Churchill Direct Lending presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.33.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Hedge funds and other institutional investors have recently made changes to their positions in the business. Confluence Investment Management LLC grew its position in Nuveen Churchill Direct Lending by 0.9% in the 3rd quarter. Confluence Investment Management LLC now owns 118,161 shares of the company’s stock worth $2,058,000 after purchasing an additional 1,076 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Nuveen Churchill Direct Lending by 119.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,201 shares of the company’s stock valued at $56,000 after buying an additional 1,745 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Nuveen Churchill Direct Lending by 36.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,496 shares of the company’s stock valued at $131,000 after buying an additional 2,009 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Nuveen Churchill Direct Lending by 50.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 26,091 shares of the company’s stock worth $454,000 after purchasing an additional 8,705 shares in the last quarter. Finally, Catalina Capital Group LLC purchased a new stake in Nuveen Churchill Direct Lending in the 3rd quarter worth approximately $182,000.

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.