Tranquility Partners LLC Grows Position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Tranquility Partners LLC raised its holdings in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 207.4% in the third quarter, Holdings Channel.com reports. The fund owned 48,960 shares of the company’s stock after buying an additional 33,035 shares during the quarter. Tranquility Partners LLC’s holdings in Nuveen Churchill Direct Lending were worth $853,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Nuveen Churchill Direct Lending by 119.8% in the third quarter. Farther Finance Advisors LLC now owns 3,201 shares of the company’s stock valued at $56,000 after buying an additional 1,745 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in Nuveen Churchill Direct Lending in the 2nd quarter valued at about $95,000. Catalina Capital Group LLC purchased a new position in Nuveen Churchill Direct Lending during the 3rd quarter valued at about $182,000. Dudley Capital Management LLC acquired a new position in Nuveen Churchill Direct Lending during the third quarter worth about $204,000. Finally, Beacon Bridge Wealth Partners LLC purchased a new stake in shares of Nuveen Churchill Direct Lending in the second quarter valued at about $226,000.

Wall Street Analysts Forecast Growth

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

Nuveen Churchill Direct Lending Stock Performance

Shares of NYSE NCDL opened at $17.19 on Tuesday. The company has a 50-day simple moving average of $17.35 and a 200-day simple moving average of $17.45. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $936.68 million and a PE ratio of 7.35. Nuveen Churchill Direct Lending Corp. has a 12 month low of $16.00 and a 12 month high of $18.10.

Nuveen Churchill Direct Lending Dividend Announcement

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

Nuveen Churchill Direct Lending 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.