Adams Asset Advisors LLC Acquires New Position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Adams Asset Advisors LLC bought a new stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 31,012 shares of the company's stock, valued at approximately $520,000. Adams Asset Advisors LLC owned about 0.06% of Nuveen Churchill Direct Lending as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aprio Wealth Management LLC boosted its holdings in Nuveen Churchill Direct Lending by 104.1% during the fourth quarter. Aprio Wealth Management LLC now owns 111,604 shares of the company's stock worth $1,873,000 after buying an additional 56,916 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Nuveen Churchill Direct Lending by 1,045,043.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,703 shares of the company's stock valued at $6,736,000 after acquiring an additional 386,666 shares during the period. World Investment Advisors LLC acquired a new position in Nuveen Churchill Direct Lending in the 3rd quarter worth about $328,000. Sunbelt Securities Inc. boosted its position in Nuveen Churchill Direct Lending by 36.6% during the third quarter. Sunbelt Securities Inc. now owns 7,496 shares of the company's stock worth $131,000 after purchasing an additional 2,009 shares in the last quarter. Finally, Tranquility Partners LLC grew its holdings in Nuveen Churchill Direct Lending by 207.4% in the third quarter. Tranquility Partners LLC now owns 48,960 shares of the company's stock valued at $853,000 after purchasing an additional 33,035 shares during the period.

Nuveen Churchill Direct Lending Price Performance

Shares of NCDL stock traded down $0.08 during trading hours on Monday, hitting $16.24. 417,869 shares of the company's stock were exchanged, compared to its average volume of 342,053. The firm has a 50 day moving average of $17.01 and a two-hundred day moving average of $17.28. 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 has a market cap of $884.85 million and a P/E ratio of 6.94. 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 Dividend Announcement

The business also recently announced a -- dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Tuesday, December 31st will be paid 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 currently 76.92%.

Insider Buying and Selling

In other Nuveen Churchill Direct Lending news, CEO Kenneth J. Kencel bought 20,000 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was acquired at an average price of $17.37 per share, with a total value of $347,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 20,000 shares of the company's stock, valued at $347,400. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.53% of the company's stock.

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.