Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Unusually-High Trading Volume – Here’s Why

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) saw an uptick in trading volume on Monday . 72,774 shares were traded during trading, an increase of 1% from the previous session’s volume of 72,336 shares.The stock last traded at $17.04 and had previously closed at $17.03.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company decreased their target price on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Nuveen Churchill Direct Lending currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.33.

Nuveen Churchill Direct Lending Trading Up 0.1 %

The stock has a market capitalization of $939.95 million and a P/E ratio of 7.36. The stock’s 50 day moving average price is $17.26 and its 200-day moving average price is $17.43. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.10.

Nuveen Churchill Direct Lending Announces Dividend

The business also recently announced a — dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 31st. This represents a yield of 10.5%. Nuveen Churchill Direct Lending’s dividend payout ratio (DPR) is presently 76.92%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NCDL. Tranquility Partners LLC boosted its stake in Nuveen Churchill Direct Lending by 207.4% in the third quarter. Tranquility Partners LLC now owns 48,960 shares of the company’s stock valued at $853,000 after acquiring an additional 33,035 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the 2nd quarter worth $543,000. Aprio Wealth Management LLC grew its stake in Nuveen Churchill Direct Lending by 250.2% during the 3rd quarter. Aprio Wealth Management LLC now owns 54,688 shares of the company’s stock worth $953,000 after buying an additional 39,073 shares during the last quarter. Ariadne Wealth Management LP acquired a new position in Nuveen Churchill Direct Lending during the 2nd quarter valued at about $520,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in Nuveen Churchill Direct Lending by 182.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 79,018 shares of the company’s stock valued at $1,375,000 after buying an additional 51,023 shares in the last quarter.

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.