Nuveen Churchill Direct Lending Corp. (NYSE:NCDL – Get Free Report) 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
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.
Check Out Our Latest Stock Report on Nuveen Churchill Direct Lending
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.
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