Hennion & Walsh Asset Management Inc. Grows Stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Hennion & Walsh Asset Management Inc. lifted its position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 211,589 shares of the company's stock after buying an additional 53,786 shares during the period. Hennion & Walsh Asset Management Inc. owned approximately 0.39% of Nuveen Churchill Direct Lending worth $3,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Confluence Investment Management LLC raised its holdings in Nuveen Churchill Direct Lending by 0.9% in the 3rd quarter. Confluence Investment Management LLC now owns 118,161 shares of the company's stock worth $2,058,000 after purchasing an additional 1,076 shares during the period. Farther Finance Advisors LLC raised its holdings in Nuveen Churchill Direct Lending by 119.8% in 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 during the period. Sunbelt Securities Inc. raised its holdings in Nuveen Churchill Direct Lending by 36.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,496 shares of the company's stock worth $131,000 after purchasing an additional 2,009 shares during the period. Catalina Capital Group LLC bought a new position in Nuveen Churchill Direct Lending in the 3rd quarter worth $182,000. Finally, Marshall Wace LLP raised its holdings in Nuveen Churchill Direct Lending by 15.2% in 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 period.

Nuveen Churchill Direct Lending Stock Performance

Nuveen Churchill Direct Lending stock traded up $0.04 during trading on Friday, reaching $16.87. The company had a trading volume of 234,427 shares, compared to its average volume of 341,684. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.10. The firm's 50-day simple moving average is $16.96 and its 200 day simple moving average is $17.25. The firm has a market capitalization of $919.25 million and a price-to-earnings ratio of 7.21. Nuveen Churchill Direct Lending Corp. has a 52 week low of $16.00 and a 52 week high of $18.10.

Nuveen Churchill Direct Lending Dividend Announcement

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

Insider Buying and Selling at Nuveen Churchill Direct Lending

In other Nuveen Churchill Direct Lending news, CEO Kenneth J. Kencel purchased 20,000 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were acquired at an average cost 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 in the company, valued at $347,400. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.