Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Unusually-High Trading Volume – Time to Buy?

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) shares saw unusually-strong trading volume on Tuesday . Approximately 75,806 shares changed hands during mid-day trading, a decline of 23% from the previous session’s volume of 98,530 shares.The stock last traded at $16.68 and had previously closed at $16.46.

Nuveen Churchill Direct Lending Stock Performance

The company has a market cap of $914.28 million and a P/E ratio of 7.17. The stock has a 50 day moving average price of $17.07 and a two-hundred day moving average price of $17.33. 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 Announces Dividend

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

Insider Activity

In related news, CEO Kenneth J. Kencel purchased 20,000 shares of Nuveen Churchill Direct Lending stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average price of $17.35 per share, with a total value of $347,000.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $173,500. This represents a -200.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its holdings in shares of Nuveen Churchill Direct Lending by 119.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,201 shares of the company’s stock worth $56,000 after purchasing an additional 1,745 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in Nuveen Churchill Direct Lending during the second quarter worth about $95,000. Catalina Capital Group LLC bought a new position in Nuveen Churchill Direct Lending in the 3rd quarter valued at about $182,000. Dudley Capital Management LLC acquired a new position in shares of Nuveen Churchill Direct Lending in the 3rd quarter valued at approximately $204,000. Finally, Beacon Bridge Wealth Partners LLC bought a new stake in shares of Nuveen Churchill Direct Lending during the 2nd quarter worth approximately $226,000.

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.