Procyon Advisors LLC Raises Position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Procyon Advisors LLC grew its position in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 67.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,704 shares of the company's stock after purchasing an additional 25,699 shares during the quarter. Procyon Advisors LLC owned approximately 0.12% of Nuveen Churchill Direct Lending worth $1,069,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Confluence Investment Management LLC grew its stake in shares of 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 worth $2,058,000 after purchasing an additional 1,076 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of 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 valued at $56,000 after buying an additional 1,745 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of Nuveen Churchill Direct Lending by 36.6% in the third quarter. Sunbelt Securities Inc. now owns 7,496 shares of the company's stock valued at $131,000 after buying an additional 2,009 shares during the period. Catalina Capital Group LLC bought a new position in shares of Nuveen Churchill Direct Lending during the third quarter worth about $182,000. Finally, Marshall Wace LLP lifted its stake in shares of Nuveen Churchill Direct Lending by 15.2% in the second quarter. Marshall Wace LLP now owns 79,467 shares of the company's stock worth $1,383,000 after acquiring an additional 10,493 shares during the period.

Insider Activity at Nuveen Churchill Direct Lending

In other Nuveen Churchill Direct Lending news, CEO Kenneth J. Kencel bought 20,000 shares of the stock in a transaction on Monday, December 2nd. The stock was acquired at an average cost of $17.37 per share, for a total transaction of $347,400.00. Following the completion of the acquisition, the chief executive officer now owns 20,000 shares in the company, valued at $347,400. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.53% of the stock is owned by company insiders.

Nuveen Churchill Direct Lending Trading Up 0.2 %

NYSE:NCDL traded up $0.04 on Friday, reaching $16.87. 234,427 shares of the stock traded hands, compared to its average volume of 291,155. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.10. Nuveen Churchill Direct Lending Corp. has a 1-year low of $16.00 and a 1-year high of $18.10. The company's 50 day moving average is $16.95 and its 200-day 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 Dividend Announcement

The company also recently announced a -- dividend, which will be paid on Tuesday, January 28th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.10 per share. 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 is presently 76.92%.

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.