Sunbelt Securities Inc. Boosts Stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Sunbelt Securities Inc. lifted its holdings in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 36.6% in the third quarter, HoldingsChannel.com reports. The firm owned 7,496 shares of the company’s stock after acquiring an additional 2,009 shares during the quarter. Sunbelt Securities Inc.’s holdings in Nuveen Churchill Direct Lending were worth $131,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in Nuveen Churchill Direct Lending by 119.8% during the third 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 during the period. Catalina Capital Group LLC purchased a new stake in Nuveen Churchill Direct Lending in the third quarter valued at approximately $182,000. Dudley Capital Management LLC acquired a new position in Nuveen Churchill Direct Lending during the third quarter worth $204,000. Beacon Bridge Wealth Partners LLC purchased a new position in shares of Nuveen Churchill Direct Lending during the second quarter worth $226,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the second quarter valued at $257,000.

Insider Activity

In related news, CEO Kenneth J. Kencel bought 20,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average cost of $17.37 per share, with a total value of $347,400.00. Following the purchase, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $347,400. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

Nuveen Churchill Direct Lending Price Performance

NCDL stock opened at $17.31 on Friday. The business’s fifty day moving average price is $17.18 and its 200 day moving average price is $17.41. Nuveen Churchill Direct Lending Corp. has a 12-month low of $16.00 and a 12-month high of $18.10. The company has a market capitalization of $943.22 million and a PE ratio of 7.40. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.10.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently declared a — dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 10.5%. Nuveen Churchill Direct Lending’s dividend payout ratio is presently 76.92%.

About Nuveen Churchill Direct Lending

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.