Kenneth J. Kencel Acquires 20,000 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) CEO Kenneth J. Kencel bought 20,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were acquired at an average price of $17.35 per share, with a total value of $347,000.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $173,500. The trade was a -200.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Nuveen Churchill Direct Lending Stock Down 0.7 %

NCDL stock opened at $17.26 on Wednesday. The company has a 50 day moving average price of $17.21 and a two-hundred day moving average price of $17.43. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $940.50 million and a P/E ratio of 7.38. 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. Investors of record on Tuesday, December 31st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, December 31st. This represents a yield of 10.5%. Nuveen Churchill Direct Lending’s payout ratio is currently 76.92%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reduced their target price on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Monday, August 12th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Nuveen Churchill Direct Lending presently has an average rating of “Moderate Buy” and an average price target of $18.33.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Several large investors have recently added to or reduced their stakes in NCDL. Aprio Wealth Management LLC acquired a new position in shares of Nuveen Churchill Direct Lending during the 2nd quarter valued at about $272,000. Opal Wealth Advisors LLC purchased a new position in Nuveen Churchill Direct Lending during the second quarter worth approximately $1,192,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Nuveen Churchill Direct Lending by 50.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 26,091 shares of the company’s stock valued at $454,000 after buying an additional 8,705 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of Nuveen Churchill Direct Lending by 182.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 79,018 shares of the company’s stock valued at $1,375,000 after buying an additional 51,023 shares during the period. Finally, Tranquility Partners LLC purchased a new position in shares of Nuveen Churchill Direct Lending in the 2nd 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.