Nuveen Churchill Direct Lending (NYSE:NCDL) Reaches New 52-Week Low - Time to Sell?

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as $16.10 and last traded at $16.07, with a volume of 423930 shares changing hands. The stock had previously closed at $17.04.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut their price target on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Tuesday.

Nuveen Churchill Direct Lending Trading Up 3.7 %

The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market capitalization of $791.98 million, a price-to-earnings ratio of 6.51 and a beta of 0.37. The business has a fifty day moving average price of $17.16 and a 200 day moving average price of $17.11.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently announced a -- dividend, which will be paid on Monday, April 28th. Stockholders 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 dividend yield of 10.3%. Nuveen Churchill Direct Lending's dividend payout ratio (DPR) is presently 83.72%.

Institutional Trading of Nuveen Churchill Direct Lending

Several institutional investors have recently added to or reduced their stakes in NCDL. Merit Financial Group LLC increased its stake in Nuveen Churchill Direct Lending by 0.8% during the first quarter. Merit Financial Group LLC now owns 84,467 shares of the company's stock valued at $1,434,000 after purchasing an additional 695 shares during the last quarter. Bellevue Asset Management LLC bought a new stake in shares of Nuveen Churchill Direct Lending during the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. boosted its position in Nuveen Churchill Direct Lending by 36.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,496 shares of the company's stock worth $131,000 after acquiring an additional 2,009 shares during the period. Farther Finance Advisors LLC increased its stake in Nuveen Churchill Direct Lending by 72.2% during the 4th quarter. Farther Finance Advisors LLC now owns 5,512 shares of the company's stock valued at $92,000 after buying an additional 2,311 shares during the period. Finally, Catalina Capital Group LLC lifted its position in Nuveen Churchill Direct Lending by 26.2% in the fourth quarter. Catalina Capital Group LLC now owns 13,184 shares of the company's stock worth $221,000 after purchasing an additional 2,735 shares during the period.

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.