Nuveen Churchill Direct Lending (NYSE:NCDL) Issues Quarterly Earnings Results

Nuveen Churchill Direct Lending (NYSE:NCDL) announced its earnings results on Tuesday. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03), Zacks reports. Nuveen Churchill Direct Lending had a net margin of 43.35% and a return on equity of 11.88%.

Nuveen Churchill Direct Lending Trading Down 1.6%

Shares of Nuveen Churchill Direct Lending stock traded down $0.23 on Tuesday, hitting $14.35. 284,885 shares of the company’s stock traded hands, compared to its average volume of 239,517. The firm’s 50-day moving average price is $14.66 and its two-hundred day moving average price is $15.64. The stock has a market capitalization of $708.75 million, a PE ratio of 7.88 and a beta of 0.37. Nuveen Churchill Direct Lending has a one year low of $13.16 and a one year high of $18.01. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 1.13.

Analysts Set New Price Targets

Several analysts recently issued reports on NCDL shares. UBS Group cut their price objective on Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Wall Street Zen raised Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Nuveen Churchill Direct Lending presently has an average rating of “Hold” and an average target price of $16.00.

Insider Activity

In other news, Treasurer Shaul Vichness purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was bought at an average price of $14.85 per share, with a total value of $74,250.00. Following the acquisition, the treasurer directly owned 15,000 shares of the company’s stock, valued at approximately $222,750. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

A number of large investors have recently modified their holdings of the business. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Nuveen Churchill Direct Lending by 3.2% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 26,426 shares of the company’s stock worth $428,000 after buying an additional 807 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Nuveen Churchill Direct Lending by 33.0% during the 2nd quarter. NewEdge Advisors LLC now owns 4,511 shares of the company’s stock worth $73,000 after buying an additional 1,118 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Nuveen Churchill Direct Lending by 11.4% during the 2nd quarter. Sei Investments Co. now owns 18,678 shares of the company’s stock worth $302,000 after buying an additional 1,918 shares during the last quarter. Cresset Asset Management LLC boosted its stake in shares of Nuveen Churchill Direct Lending by 17.6% during the 2nd quarter. Cresset Asset Management LLC now owns 36,025 shares of the company’s stock worth $599,000 after buying an additional 5,391 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Nuveen Churchill Direct Lending during the 2nd quarter worth about $108,000.

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.