Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Short Interest Update

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 115,100 shares, an increase of 48.9% from the January 31st total of 77,300 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 295,600 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Hedge funds have recently modified their holdings of the business. Hudson Value Partners LLC raised its position in Nuveen Churchill Direct Lending by 98.8% in the 4th quarter. Hudson Value Partners LLC now owns 42,954 shares of the company’s stock valued at $721,000 after purchasing an additional 21,345 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Nuveen Churchill Direct Lending in the fourth quarter valued at about $186,000. Two Sigma Investments LP raised its holdings in shares of Nuveen Churchill Direct Lending by 244.4% in the fourth quarter. Two Sigma Investments LP now owns 153,150 shares of the company’s stock valued at $2,570,000 after buying an additional 108,677 shares during the last quarter. Snowden Capital Advisors LLC boosted its stake in shares of Nuveen Churchill Direct Lending by 100.1% during the fourth quarter. Snowden Capital Advisors LLC now owns 419,541 shares of the company’s stock worth $7,271,000 after buying an additional 209,823 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Nuveen Churchill Direct Lending by 361.6% during the fourth quarter. Millennium Management LLC now owns 437,992 shares of the company’s stock worth $7,350,000 after buying an additional 343,113 shares during the last quarter.

Nuveen Churchill Direct Lending Stock Performance

Shares of Nuveen Churchill Direct Lending stock traded down $0.12 on Tuesday, hitting $17.29. The stock had a trading volume of 188,518 shares, compared to its average volume of 131,189. The stock has a market cap of $941.79 million and a price-to-earnings ratio of 7.39. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.10. Nuveen Churchill Direct Lending has a 52-week low of $16.11 and a 52-week high of $18.10. The company’s 50 day moving average price is $17.10 and its 200 day moving average price is $17.23.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be paid a $0.10 dividend. This represents a yield of 10.3%. The ex-dividend date of this dividend is Monday, March 31st. Nuveen Churchill Direct Lending’s dividend payout ratio is currently 83.72%.

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.