Nuveen Churchill Direct Lending (NYSE:NCDL) Price Target Cut to $16.00 by Analysts at Keefe, Bruyette & Woods

Nuveen Churchill Direct Lending (NYSE:NCDL) had its price objective lowered by Keefe, Bruyette & Woods from $17.00 to $16.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

A number of other equities analysts have also commented on NCDL. UBS Group reduced their price target on shares of Nuveen Churchill Direct Lending from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. 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 assigned 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 price target of $15.75.

Nuveen Churchill Direct Lending Price Performance

Shares of NCDL stock opened at $14.21 on Wednesday. The stock’s fifty day simple moving average is $14.60 and its 200 day simple moving average is $15.62. Nuveen Churchill Direct Lending has a one year low of $13.16 and a one year high of $18.01. The firm has a market cap of $701.84 million, a price-to-earnings ratio of 9.29 and a beta of 0.38. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 1.13.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03). Nuveen Churchill Direct Lending had a return on equity of 11.00% and a net margin of 36.83%.The company had revenue of $51.11 million for the quarter, compared to analyst estimates of $52.00 million. On average, analysts expect that Nuveen Churchill Direct Lending will post 2.28 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 27th. Investors of record on Wednesday, December 31st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 12.7%. The ex-dividend date is Wednesday, December 31st. Nuveen Churchill Direct Lending’s payout ratio is 117.65%.

Insider Transactions at Nuveen Churchill Direct Lending

In other news, Treasurer Shaul Vichness acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were purchased at an average cost of $14.85 per share, for a total transaction of $74,250.00. Following the transaction, the treasurer 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Several hedge funds have recently added to or reduced their stakes in NCDL. NewEdge Advisors LLC increased its position in Nuveen Churchill Direct Lending by 33.0% in the second quarter. NewEdge Advisors LLC now owns 4,511 shares of the company’s stock worth $73,000 after purchasing an additional 1,118 shares during the period. Global Retirement Partners LLC bought a new position in shares of Nuveen Churchill Direct Lending in the 3rd quarter valued at about $85,000. State of Wyoming bought a new position in shares of Nuveen Churchill Direct Lending in the 2nd quarter valued at about $108,000. Graybill Wealth Management LTD. acquired a new stake in shares of Nuveen Churchill Direct Lending during the 1st quarter worth approximately $115,000. Finally, Quantbot Technologies LP bought a new stake in shares of Nuveen Churchill Direct Lending during the second quarter worth approximately $152,000.

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.