Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $18.50.

A number of equities research analysts recently commented on the stock. JMP Securities restated a “market outperform” rating and set a $18.50 price objective on shares of Nuveen Churchill Direct Lending in a report on Tuesday, March 26th. UBS Group began coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They issued a “neutral” rating and a $18.00 target price for the company. Bank of America began coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They issued a “buy” rating and a $19.00 target price for the company. Keefe, Bruyette & Woods began coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They issued a “market perform” rating and a $18.50 target price for the company. Finally, Wells Fargo & Company began coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They issued an “equal weight” rating and a $18.00 target price for the company.

Nuveen Churchill Direct Lending Stock Performance

Shares of NYSE:NCDL opened at $17.43 on Wednesday. Nuveen Churchill Direct Lending has a 12 month low of $16.00 and a 12 month high of $18.10. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.26. The stock’s fifty day moving average is $17.36.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. Nuveen Churchill Direct Lending had a net margin of 46.95% and a return on equity of 11.91%. The business had revenue of $48.95 million for the quarter, compared to analyst estimates of $48.40 million. Sell-side analysts expect that Nuveen Churchill Direct Lending will post 2.23 EPS for the current year.

Nuveen Churchill Direct Lending Announces Dividend

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

Nuveen Churchill Direct Lending Company Profile

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.