Renaissance Technologies LLC Buys 159,100 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Renaissance Technologies LLC boosted its stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 146.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 267,900 shares of the company's stock after buying an additional 159,100 shares during the period. Renaissance Technologies LLC owned 0.49% of Nuveen Churchill Direct Lending worth $4,495,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NCDL. Bellevue Asset Management LLC bought a new position in Nuveen Churchill Direct Lending during the 4th quarter valued at $28,000. Farther Finance Advisors LLC boosted its stake in Nuveen Churchill Direct Lending by 72.2% during the fourth quarter. Farther Finance Advisors LLC now owns 5,512 shares of the company's stock valued at $92,000 after buying an additional 2,311 shares in the last quarter. OneAscent Wealth Management LLC acquired a new position in Nuveen Churchill Direct Lending during the fourth quarter worth about $171,000. Vestia Personal Wealth Advisors bought a new stake in Nuveen Churchill Direct Lending in the fourth quarter worth about $184,000. Finally, Entropy Technologies LP acquired a new stake in Nuveen Churchill Direct Lending in the 4th quarter valued at about $189,000.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NCDL. Keefe, Bruyette & Woods cut their price target on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. UBS Group cut their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating on the stock in a research note on Thursday, April 17th.

Nuveen Churchill Direct Lending Stock Performance

NYSE:NCDL traded up $0.14 during trading hours on Friday, hitting $15.93. 181,596 shares of the company traded hands, compared to its average volume of 167,644. Nuveen Churchill Direct Lending Corp. has a twelve month low of $14.21 and a twelve month high of $18.05. 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 stock has a market capitalization of $815.99 million, a price-to-earnings ratio of 6.81 and a beta of 0.37. The firm has a 50-day moving average of $16.58 and a 200 day moving average of $16.91.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be given a dividend of $0.10 per share. 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 presently 83.72%.

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.