Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $18.33.

Separately, Wells Fargo & Company reduced their price target 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 report on Monday, August 12th.

Nuveen Churchill Direct Lending Trading Up 0.9 %

Shares of Nuveen Churchill Direct Lending stock opened at $17.10 on Friday. The firm has a fifty day moving average of $17.49 and a two-hundred day moving average of $17.50. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.21 and a current ratio of 1.21. Nuveen Churchill Direct Lending has a one year low of $16.00 and a one year high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. The firm had revenue of $55.09 million for the quarter, compared to the consensus estimate of $54.30 million. Nuveen Churchill Direct Lending had a return on equity of 12.70% and a net margin of 50.23%. As a group, equities research analysts forecast that Nuveen Churchill Direct Lending will post 2.28 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, September 30th. This represents a dividend yield of 10.3%.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

A number of large investors have recently bought and sold shares of NCDL. Sunbelt Securities Inc. purchased a new stake in shares of Nuveen Churchill Direct Lending in the second quarter valued at $95,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Nuveen Churchill Direct Lending by 50.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 26,091 shares of the company’s stock valued at $454,000 after purchasing an additional 8,705 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Nuveen Churchill Direct Lending by 15.2% during the 2nd quarter. Marshall Wace LLP now owns 79,467 shares of the company’s stock worth $1,383,000 after purchasing an additional 10,493 shares during the last quarter. Beacon Bridge Wealth Partners LLC purchased a new stake in shares of Nuveen Churchill Direct Lending during the second quarter worth about $226,000. Finally, Confluence Investment Management LLC raised its position in shares of Nuveen Churchill Direct Lending by 13.7% in the second quarter. Confluence Investment Management LLC now owns 117,085 shares of the company’s stock valued at $2,037,000 after buying an additional 14,068 shares during the last quarter.

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.