Wealth Enhancement Advisory Services LLC Lowers Holdings in Nuveen Churchill Direct Lending Corp. $NCDL

Wealth Enhancement Advisory Services LLC decreased its position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 53.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 158,336 shares of the company’s stock after selling 184,437 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.31% of Nuveen Churchill Direct Lending worth $2,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Graybill Wealth Management LTD. acquired a new stake in shares of Nuveen Churchill Direct Lending during the 1st quarter valued at about $115,000. Virtu Financial LLC bought a new position in Nuveen Churchill Direct Lending during the 1st quarter worth $178,000. Aigen Investment Management LP acquired a new stake in shares of Nuveen Churchill Direct Lending during the 1st quarter valued at $181,000. Two Sigma Advisers LP bought a new stake in Nuveen Churchill Direct Lending in the 4th quarter valued at about $186,000. Finally, Entropy Technologies LP boosted its stake in shares of Nuveen Churchill Direct Lending by 6.8% in the 1st quarter. Entropy Technologies LP now owns 12,025 shares of the company’s stock worth $204,000 after buying an additional 761 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of Nuveen Churchill Direct Lending from $16.50 to $17.50 and gave the company a “neutral” rating in a report on Wednesday, July 16th. JMP Securities decreased their price target on shares of Nuveen Churchill Direct Lending from $18.50 to $18.00 and set a “market outperform” rating for the company in a research note on Tuesday, June 24th. Finally, Wall Street Zen upgraded shares of Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Nuveen Churchill Direct Lending has an average rating of “Hold” and a consensus target price of $16.63.

Insider Buying and Selling

In other news, Treasurer Shaul Vichness bought 5,000 shares of Nuveen Churchill Direct Lending stock in a transaction dated Tuesday, September 16th. The shares were purchased at an average cost of $14.85 per share, with a total value of $74,250.00. Following the completion of the acquisition, the treasurer owned 15,000 shares of the company’s stock, valued at $222,750. This trade represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Nuveen Churchill Direct Lending Price Performance

Shares of NCDL stock opened at $14.54 on Friday. The business has a fifty day simple moving average of $15.86 and a 200 day simple moving average of $16.06. Nuveen Churchill Direct Lending Corp. has a twelve month low of $14.21 and a twelve month high of $18.01. The company has a market cap of $718.13 million, a P/E ratio of 7.99 and a beta of 0.47. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.26.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. Nuveen Churchill Direct Lending had a return on equity of 11.88% and a net margin of 43.35%.The business had revenue of $53.13 million for the quarter, compared to analyst estimates of $54.41 million. On average, sell-side analysts forecast that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 28th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 12.4%. The ex-dividend date is Tuesday, September 30th. Nuveen Churchill Direct Lending’s dividend payout ratio (DPR) is currently 98.90%.

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.