Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Unusually-High Trading Volume - Here's Why

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 261,060 shares traded hands during trading, an increase of 193% from the previous session's volume of 88,985 shares.The stock last traded at $17.20 and had previously closed at $17.31.

Nuveen Churchill Direct Lending Price Performance

The company's 50 day moving average is $17.18 and its 200-day moving average is $17.41. The firm has a market capitalization of $933.35 million and a price-to-earnings ratio of 7.36. 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 Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 10.5%. Nuveen Churchill Direct Lending's dividend payout ratio is currently 76.92%.

Insider Buying and Selling

In related news, CEO Kenneth J. Kencel purchased 20,000 shares of the stock in a transaction on Monday, December 2nd. The shares were purchased at an average cost of $17.37 per share, with a total value of $347,400.00. Following the acquisition, the chief executive officer now directly owns 20,000 shares in the company, valued at $347,400. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.53% of the stock is owned by insiders.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Several institutional investors and hedge funds have recently made changes to their positions in the company. Opal Wealth Advisors LLC boosted its stake in Nuveen Churchill Direct Lending by 184.1% in the 3rd quarter. Opal Wealth Advisors LLC now owns 194,638 shares of the company's stock valued at $3,391,000 after purchasing an additional 126,131 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in Nuveen Churchill Direct Lending by 99.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 157,803 shares of the company's stock worth $2,749,000 after purchasing an additional 78,785 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Nuveen Churchill Direct Lending in the 2nd quarter valued at about $871,000. Aprio Wealth Management LLC increased its holdings in shares of Nuveen Churchill Direct Lending by 250.2% during the third quarter. Aprio Wealth Management LLC now owns 54,688 shares of the company's stock worth $953,000 after purchasing an additional 39,073 shares during the period. Finally, Procyon Advisors LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the third quarter valued at approximately $662,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.