Insider Buying: Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) CEO Acquires 20,000 Shares of Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) CEO Kenneth J. Kencel purchased 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were bought at an average cost of $17.35 per share, with a total value of $347,000.00. Following the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $173,500. This represents a -200.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Nuveen Churchill Direct Lending Stock Up 0.5 %

NCDL stock traded up $0.09 during trading on Monday, hitting $17.39. 695,649 shares of the company’s stock traded hands, compared to its average volume of 80,131. The business has a fifty day simple moving average of $17.23 and a two-hundred day simple moving average of $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. The firm has a market capitalization of $947.58 million and a P/E ratio of 7.39. Nuveen Churchill Direct Lending Corp. has a 1 year low of $16.00 and a 1 year high of $18.10.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently declared 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. This represents a dividend yield of 10.5%. The ex-dividend date is Tuesday, December 31st. Nuveen Churchill Direct Lending’s payout ratio is 76.92%.

Institutional Trading of Nuveen Churchill Direct Lending

Several hedge funds and other institutional investors have recently made changes to their positions in NCDL. Opal Wealth Advisors LLC lifted its position in Nuveen Churchill Direct Lending by 184.1% during the 3rd quarter. Opal Wealth Advisors LLC now owns 194,638 shares of the company’s stock worth $3,391,000 after acquiring an additional 126,131 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of Nuveen Churchill Direct Lending by 99.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 157,803 shares of the company’s stock worth $2,749,000 after purchasing an additional 78,785 shares during the last quarter. Confluence Investment Management LLC lifted its holdings in shares of Nuveen Churchill Direct Lending by 0.9% during the third quarter. Confluence Investment Management LLC now owns 118,161 shares of the company’s stock worth $2,058,000 after purchasing an additional 1,076 shares during the period. Marshall Wace LLP boosted its position in Nuveen Churchill Direct Lending by 15.2% in the second quarter. Marshall Wace LLP now owns 79,467 shares of the company’s stock valued at $1,383,000 after buying an additional 10,493 shares during the last quarter. Finally, Aprio Wealth Management LLC increased its holdings in Nuveen Churchill Direct Lending by 250.2% in 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 period.

Wall Street Analyst Weigh In

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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Nuveen Churchill Direct Lending presently has a consensus rating of “Moderate Buy” and an average target price of $18.33.

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.