Nuveen Churchill Direct Lending’s (NCDL) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of Nuveen Churchill Direct Lending (NYSE:NCDL) in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has a $18.50 target price on the stock.

A number of other brokerages have also weighed in on NCDL. Wells Fargo & Company initiated coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued an equal weight rating and a $18.00 price target on the stock. Bank of America started coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a buy rating and a $19.00 target price on the stock. Keefe, Bruyette & Woods started coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a market perform rating and a $18.50 target price on the stock. Truist Financial started coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a buy rating and a $19.00 target price on the stock. Finally, UBS Group started coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a neutral rating and a $18.00 target price on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $18.50.

Nuveen Churchill Direct Lending Stock Performance

Shares of NCDL opened at $18.06 on Tuesday. Nuveen Churchill Direct Lending has a fifty-two week low of $16.00 and a fifty-two week high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its earnings results on Tuesday, February 27th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. The business had revenue of $48.95 million for the quarter, compared to analyst estimates of $48.40 million. Equities analysts forecast that Nuveen Churchill Direct Lending will post 2.23 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently declared a — dividend, which will be paid on Monday, April 29th. Shareholders of record on Saturday, March 30th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, March 27th. This represents a dividend yield of 10.6%.

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.