Magnetar Financial LLC acquired a new stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,859 shares of the company's stock, valued at approximately $535,000. Magnetar Financial LLC owned 0.06% of Nuveen Churchill Direct Lending as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently modified their holdings of the company. Aprio Wealth Management LLC grew its position 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 valued at $1,873,000 after buying an additional 56,916 shares during the period. JPMorgan Chase & Co. boosted its holdings in Nuveen Churchill Direct Lending by 1,045,043.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,703 shares of the company's stock worth $6,736,000 after buying an additional 386,666 shares during the last quarter. Procyon Advisors LLC increased its stake in Nuveen Churchill Direct Lending by 67.6% during the 4th quarter. Procyon Advisors LLC now owns 63,704 shares of the company's stock worth $1,069,000 after buying an additional 25,699 shares in the last quarter. Modera Wealth Management LLC acquired a new position in shares of Nuveen Churchill Direct Lending during the fourth quarter valued at approximately $275,000. Finally, Dover Advisors LLC purchased a new position in shares of Nuveen Churchill Direct Lending in the fourth quarter valued at approximately $260,000.
Nuveen Churchill Direct Lending Price Performance
Shares of NYSE:NCDL traded up $0.13 during trading on Wednesday, reaching $17.37. The stock had a trading volume of 251,634 shares, compared to its average volume of 143,378. The business has a fifty day moving average price of $17.27 and a 200-day moving average price of $17.21. Nuveen Churchill Direct Lending Corp. has a 1-year low of $16.20 and a 1-year high of $18.10. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market cap of $902.72 million, a PE ratio of 7.42 and a beta of 0.43.
Nuveen Churchill Direct Lending Announces Dividend
The firm also recently declared a -- dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be paid a $0.10 dividend. This represents a dividend yield of 10.3%. The ex-dividend date of this dividend is Monday, March 31st. Nuveen Churchill Direct Lending's dividend payout ratio is currently 83.72%.
About Nuveen Churchill Direct Lending
(
Free Report)
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.
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