Kenneth J. Kencel Buys 20,000 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) CEO Kenneth J. Kencel acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average price of $17.37 per share, with a total value of $347,400.00. Following the completion of the transaction, the chief executive officer now owns 20,000 shares in the company, valued at $347,400. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Nuveen Churchill Direct Lending Stock Performance

NCDL remained flat at $17.39 on Tuesday. The company’s stock had a trading volume of 33,737 shares, compared to its average volume of 80,337. Nuveen Churchill Direct Lending Corp. has a fifty-two week low of $16.00 and a fifty-two week high of $18.10. The firm’s fifty day moving average price is $17.22 and its 200-day moving average price is $17.43. 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 stock has a market cap of $947.58 million and a P/E ratio of 7.43.

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 issued 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 presently 76.92%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company dropped their price objective 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.33.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Opal Wealth Advisors LLC lifted its position in shares of Nuveen Churchill Direct Lending by 184.1% in the 3rd quarter. Opal Wealth Advisors LLC now owns 194,638 shares of the company’s stock worth $3,391,000 after purchasing an additional 126,131 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in 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 valued at $2,749,000 after buying an additional 78,785 shares during the period. Confluence Investment Management LLC lifted its holdings in Nuveen Churchill Direct Lending by 0.9% in the third 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 during the period. Marshall Wace LLP lifted its holdings 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 period. Finally, Aprio Wealth Management LLC lifted its holdings in Nuveen Churchill Direct Lending by 250.2% in the third quarter. Aprio Wealth Management LLC now owns 54,688 shares of the company’s stock valued at $953,000 after buying an additional 39,073 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.