Renaissance Technologies LLC Takes $543,000 Position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Renaissance Technologies LLC bought a new stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 31,200 shares of the company's stock, valued at approximately $543,000. Renaissance Technologies LLC owned 0.06% of Nuveen Churchill Direct Lending as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Nuveen Churchill Direct Lending by 50.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 26,091 shares of the company's stock valued at $454,000 after purchasing an additional 8,705 shares in the last quarter. Beacon Bridge Wealth Partners LLC purchased a new position in Nuveen Churchill Direct Lending during the second quarter valued at $226,000. Confluence Investment Management LLC boosted its holdings in Nuveen Churchill Direct Lending by 13.7% in the second quarter. Confluence Investment Management LLC now owns 117,085 shares of the company's stock worth $2,037,000 after acquiring an additional 14,068 shares in the last quarter. Aprio Wealth Management LLC purchased a new stake in shares of Nuveen Churchill Direct Lending in the second quarter worth $272,000. Finally, Tranquility Partners LLC bought a new position in shares of Nuveen Churchill Direct Lending during the second quarter valued at $277,000.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company dropped their price target on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Nuveen Churchill Direct Lending currently has an average rating of "Moderate Buy" and a consensus price target of $18.33.

Nuveen Churchill Direct Lending Stock Performance

Shares of NCDL stock traded down $0.03 during trading hours on Thursday, reaching $17.60. The company had a trading volume of 65,561 shares, compared to its average volume of 60,053. Nuveen Churchill Direct Lending Corp. has a one year low of $16.00 and a one year 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. The business has a fifty day moving average price of $17.42 and a 200-day moving average price of $17.54.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share for the quarter, meeting analysts' consensus estimates of $0.57. Nuveen Churchill Direct Lending had a return on equity of 12.70% and a net margin of 50.23%. The company had revenue of $55.09 million for the quarter, compared to the consensus estimate of $54.30 million. Research analysts forecast that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The business also recently disclosed a -- dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be paid a $0.10 dividend. This represents a dividend yield of 10.3%. The ex-dividend date 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.