Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Unusually-High Trading Volume - Time to Buy?

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 289,710 shares traded hands during mid-day trading, an increase of 2% from the previous session's volume of 284,104 shares.The stock last traded at $16.52 and had previously closed at $16.41.

Nuveen Churchill Direct Lending Stock Performance

The company has a market cap of $895.75 million and a P/E ratio of 7.03. The business has a 50 day moving average price of $17.04 and a two-hundred day moving average price of $17.31. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.69 and a current ratio of 1.69.

Nuveen Churchill Direct Lending Dividend Announcement

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

Insider Activity

In other Nuveen Churchill Direct Lending news, CEO Kenneth J. Kencel bought 20,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average cost of $17.37 per share, with a total value of $347,400.00. Following the completion of the purchase, the chief executive officer now directly owns 20,000 shares of the company's stock, valued at $347,400. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.53% of the company's stock.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of Nuveen Churchill Direct Lending by 1,045,043.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,703 shares of the company's stock valued at $6,736,000 after buying an additional 386,666 shares in the last quarter. World Investment Advisors LLC purchased a new position in Nuveen Churchill Direct Lending during the 3rd quarter valued at about $328,000. Sunbelt Securities Inc. boosted its stake in Nuveen Churchill Direct Lending by 36.6% during the third quarter. Sunbelt Securities Inc. now owns 7,496 shares of the company's stock worth $131,000 after acquiring an additional 2,009 shares in the last quarter. Tranquility Partners LLC grew its holdings in Nuveen Churchill Direct Lending by 207.4% in the third quarter. Tranquility Partners LLC now owns 48,960 shares of the company's stock worth $853,000 after purchasing an additional 33,035 shares during the period. Finally, Caprock Group LLC bought a new position in shares of Nuveen Churchill Direct Lending during the third quarter valued at approximately $485,000.

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.