Wells Fargo & Company MN Has $4.49 Million Holdings in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Wells Fargo & Company MN raised its position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL - Free Report) by 2,468.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 267,709 shares of the company's stock after purchasing an additional 257,286 shares during the period. Wells Fargo & Company MN owned 0.49% of Nuveen Churchill Direct Lending worth $4,492,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NCDL. World Investment Advisors LLC purchased a new position in Nuveen Churchill Direct Lending during the third quarter worth about $328,000. JPMorgan Chase & Co. raised its holdings in shares of Nuveen Churchill Direct Lending by 1,045,043.2% in the third quarter. JPMorgan Chase & Co. now owns 386,703 shares of the company's stock worth $6,736,000 after acquiring an additional 386,666 shares during the last quarter. Aprio Wealth Management LLC raised its stake in Nuveen Churchill Direct Lending by 104.1% in the 4th quarter. Aprio Wealth Management LLC now owns 111,604 shares of the company's stock valued at $1,873,000 after purchasing an additional 56,916 shares during the last quarter. Adams Asset Advisors LLC purchased a new position in Nuveen Churchill Direct Lending in the 4th quarter valued at about $520,000. Finally, Accurate Wealth Management LLC raised its holdings in Nuveen Churchill Direct Lending by 348.1% in the 4th quarter. Accurate Wealth Management LLC now owns 66,070 shares of the company's stock valued at $1,078,000 after acquiring an additional 51,324 shares during the last quarter.

Nuveen Churchill Direct Lending Stock Performance

Shares of NYSE:NCDL traded up $0.20 on Wednesday, reaching $15.62. 205,728 shares of the company's stock were exchanged, compared to its average volume of 166,147. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.10. Nuveen Churchill Direct Lending Corp. has a fifty-two week low of $14.21 and a fifty-two week high of $18.05. The business's 50-day moving average is $16.66 and its two-hundred day moving average is $16.93. The firm has a market capitalization of $800.01 million, a price-to-earnings ratio of 6.68 and a beta of 0.37.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently declared a -- dividend, which will be paid on Monday, April 28th. Shareholders 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 payout ratio is currently 83.72%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NCDL shares. Keefe, Bruyette & Woods reduced their target price on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. UBS Group decreased their price objective on shares of Nuveen Churchill Direct Lending from $18.00 to $16.25 and set a "neutral" rating for the company in a research report on Thursday, April 17th.

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.