Nuveen Churchill Direct Lending (NYSE:NCDL) Hits New 52-Week Low – Here’s What Happened

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) shares reached a new 52-week low on Friday . The company traded as low as $16.10 and last traded at $16.07, with a volume of 423930 shares trading hands. The stock had previously closed at $17.04.

Nuveen Churchill Direct Lending Stock Performance

The firm has a market capitalization of $821.86 million, a price-to-earnings ratio of 6.76 and a beta of 0.37. The company has a 50-day moving average price of $17.33 and a 200-day moving average price of $17.19. 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 Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.10 per share. This represents a dividend yield of 10.3%. The ex-dividend date of this dividend is Monday, March 31st. Nuveen Churchill Direct Lending’s dividend payout ratio (DPR) is 83.72%.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Several large investors have recently bought and sold shares of the stock. Bellevue Asset Management LLC bought a new position in shares of Nuveen Churchill Direct Lending in the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. lifted its position in Nuveen Churchill Direct Lending by 36.6% in the third quarter. Sunbelt Securities Inc. now owns 7,496 shares of the company’s stock worth $131,000 after purchasing an additional 2,009 shares during the period. Farther Finance Advisors LLC boosted its stake in Nuveen Churchill Direct Lending by 72.2% during the 4th quarter. Farther Finance Advisors LLC now owns 5,512 shares of the company’s stock valued at $92,000 after purchasing an additional 2,311 shares in the last quarter. Catalina Capital Group LLC increased its position in shares of Nuveen Churchill Direct Lending by 26.2% during the 4th quarter. Catalina Capital Group LLC now owns 13,184 shares of the company’s stock valued at $221,000 after purchasing an additional 2,735 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Nuveen Churchill Direct Lending by 680.1% in the fourth quarter. NewEdge Advisors LLC now owns 3,300 shares of the company’s stock valued at $55,000 after buying an additional 2,877 shares during the period.

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.