Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Short Interest Up 33.4% in March

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 202,600 shares, a growth of 33.4% from the March 15th total of 151,900 shares. Approximately 0.5% of the company's stock are short sold. Based on an average daily volume of 296,400 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Aprio Wealth Management LLC grew its stake in shares of Nuveen Churchill Direct Lending by 104.1% in the 4th 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 in the last quarter. JPMorgan Chase & Co. grew its position in Nuveen Churchill Direct Lending by 1,045,043.2% in the third quarter. JPMorgan Chase & Co. now owns 386,703 shares of the company's stock worth $6,736,000 after acquiring an additional 386,666 shares in the last quarter. Procyon Advisors LLC increased its stake in shares of 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 purchasing an additional 25,699 shares during the last quarter. Modera Wealth Management LLC bought a new position in shares of Nuveen Churchill Direct Lending during the 4th quarter valued at $275,000. Finally, Sei Investments Co. acquired a new stake in shares of Nuveen Churchill Direct Lending in the 4th quarter valued at $309,000.

Analyst Upgrades and Downgrades

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

Nuveen Churchill Direct Lending Stock Up 1.4 %

Shares of NYSE:NCDL traded up $0.22 during trading on Thursday, reaching $15.80. 258,431 shares of the company traded hands, compared to its average volume of 166,995. The firm has a fifty day simple moving average of $16.62 and a 200 day simple moving average of $16.92. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.10. Nuveen Churchill Direct Lending has a 1-year low of $14.21 and a 1-year high of $18.05. The firm has a market cap of $808.97 million, a P/E ratio of 6.75 and a beta of 0.37.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently announced a -- dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 10.3%. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) is currently 83.72%.

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.