Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Large Volume Increase - Here's Why

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Get Free Report) shares saw an uptick in trading volume on Monday . 101,050 shares traded hands during mid-day trading, an increase of 55% from the previous session's volume of 65,259 shares.The stock last traded at $16.89 and had previously closed at $16.88.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lowered 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 report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $18.33.

Nuveen Churchill Direct Lending Trading Down 0.2 %

The stock's fifty day moving average price is $17.45 and its two-hundred day moving average price is $17.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 1.21.

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

Institutional Trading of Nuveen Churchill Direct Lending

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC grew its position in shares of 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 buying an additional 126,131 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in 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 valued at $2,749,000 after acquiring an additional 78,785 shares in the last quarter. Confluence Investment Management LLC boosted its stake in Nuveen Churchill Direct Lending by 0.9% in the third quarter. Confluence Investment Management LLC now owns 118,161 shares of the company's stock valued at $2,058,000 after acquiring an additional 1,076 shares in the last quarter. Marshall Wace LLP grew 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 worth $1,383,000 after purchasing an additional 10,493 shares during the last quarter. Finally, Aprio Wealth Management LLC increased its position 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 in the last quarter.

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.