Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Stake Raised by Tranquility Partners LLC

Tranquility Partners LLC increased its position in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 207.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,960 shares of the company's stock after purchasing an additional 33,035 shares during the quarter. Tranquility Partners LLC owned 0.09% of Nuveen Churchill Direct Lending worth $853,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NCDL. Opal Wealth Advisors LLC lifted its stake in Nuveen Churchill Direct Lending by 184.1% in the third quarter. Opal Wealth Advisors LLC now owns 194,638 shares of the company's stock valued at $3,391,000 after buying an additional 126,131 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Nuveen Churchill Direct Lending by 99.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 157,803 shares of the company's stock valued at $2,749,000 after buying an additional 78,785 shares during the last quarter. Confluence Investment Management LLC lifted its stake in Nuveen Churchill Direct Lending by 0.9% in the third quarter. Confluence Investment Management LLC now owns 118,161 shares of the company's stock valued at $2,058,000 after buying an additional 1,076 shares during the last quarter. Marshall Wace LLP lifted its stake in Nuveen Churchill Direct Lending by 15.2% in the second quarter. Marshall Wace LLP now owns 79,467 shares of the company's stock valued at $1,383,000 after buying an additional 10,493 shares during the last quarter. Finally, Aprio Wealth Management LLC lifted its stake in Nuveen Churchill Direct Lending by 250.2% in the third quarter. Aprio Wealth Management LLC now owns 54,688 shares of the company's stock valued at $953,000 after buying an additional 39,073 shares during the last quarter.

Nuveen Churchill Direct Lending Stock Performance

Shares of NYSE NCDL traded down $0.15 during midday trading on Tuesday, reaching $17.04. 110,193 shares of the company traded hands, compared to its average volume of 70,530. Nuveen Churchill Direct Lending Corp. has a 52 week low of $16.00 and a 52 week high of $18.10. The stock has a 50-day moving average price of $17.34 and a 200 day moving average price of $17.45. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $928.51 million and a price-to-earnings ratio of 7.35.

Nuveen Churchill Direct Lending Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company cut their price objective on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $18.33.

Nuveen Churchill Direct Lending 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.