Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Given Consensus Rating of "Moderate Buy" by Analysts

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $18.33.

Separately, Wells Fargo & Company decreased their price objective on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Monday, August 12th.

Institutional Trading of Nuveen Churchill Direct Lending

A number of hedge funds have recently made changes to their positions in the stock. Opal Wealth Advisors LLC increased its position in shares of Nuveen Churchill Direct Lending by 184.1% in the third quarter. Opal Wealth Advisors LLC now owns 194,638 shares of the company's stock valued at $3,391,000 after acquiring an additional 126,131 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Nuveen Churchill Direct Lending by 99.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 157,803 shares of the company's stock worth $2,749,000 after buying an additional 78,785 shares in the last quarter. Confluence Investment Management LLC raised its holdings in shares of Nuveen Churchill Direct Lending by 13.7% during the second quarter. Confluence Investment Management LLC now owns 117,085 shares of the company's stock valued at $2,037,000 after purchasing an additional 14,068 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Nuveen Churchill Direct Lending by 15.2% during the second quarter. Marshall Wace LLP now owns 79,467 shares of the company's stock valued at $1,383,000 after purchasing an additional 10,493 shares during the last quarter. Finally, Aprio Wealth Management LLC raised 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 valued at $953,000 after purchasing an additional 39,073 shares during the last quarter.

Nuveen Churchill Direct Lending Stock Up 0.9 %

NYSE:NCDL traded up $0.15 during mid-day trading on Friday, reaching $17.10. The stock had a trading volume of 196,479 shares, compared to its average volume of 62,778. The stock has a 50-day simple moving average of $17.49 and a two-hundred day simple moving average of $17.50. Nuveen Churchill Direct Lending has a 12 month low of $16.00 and a 12 month high of $18.10. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.21 and a current ratio of 1.21.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.57 EPS for the quarter, hitting analysts' consensus estimates of $0.57. Nuveen Churchill Direct Lending had a net margin of 50.23% and a return on equity of 12.70%. The company had revenue of $55.09 million for the quarter, compared to analyst estimates of $54.30 million. On average, research analysts anticipate that Nuveen Churchill Direct Lending will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently declared a -- dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be issued a $0.10 dividend. This represents a yield of 10.3%. The ex-dividend date of this dividend is Monday, September 30th.

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.