World Investment Advisors LLC purchased a new stake in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 18,849 shares of the company’s stock, valued at approximately $328,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Confluence Investment Management LLC lifted its stake in shares of Nuveen Churchill Direct Lending by 0.9% during the 3rd quarter. Confluence Investment Management LLC now owns 118,161 shares of the company’s stock valued at $2,058,000 after buying an additional 1,076 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Nuveen Churchill Direct Lending by 119.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,201 shares of the company’s stock worth $56,000 after buying an additional 1,745 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of Nuveen Churchill Direct Lending by 36.6% in the third quarter. Sunbelt Securities Inc. now owns 7,496 shares of the company’s stock valued at $131,000 after acquiring an additional 2,009 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Nuveen Churchill Direct Lending by 50.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 26,091 shares of the company’s stock worth $454,000 after acquiring an additional 8,705 shares during the period. Finally, Catalina Capital Group LLC bought a new position in shares of Nuveen Churchill Direct Lending in the third quarter worth about $182,000.
Insider Buying and Selling
In other news, CEO Kenneth J. Kencel bought 20,000 shares of Nuveen Churchill Direct Lending stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost of $17.35 per share, with a total value of $347,000.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $173,500. This trade represents a -200.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by company insiders.
Nuveen Churchill Direct Lending Stock Down 1.6 %
Nuveen Churchill Direct Lending Announces Dividend
The business also recently announced a — dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Tuesday, December 31st will be issued a $0.10 dividend. This represents a dividend yield of 10.5%. The ex-dividend date is Tuesday, December 31st. Nuveen Churchill Direct Lending’s dividend payout ratio (DPR) is presently 76.92%.
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.
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