Insider Buying: Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) CEO Acquires 20,000 Shares of Stock

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) CEO Kenneth J. Kencel acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of $17.35 per share, with a total value of $347,000.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $173,500. This represents a -200.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Nuveen Churchill Direct Lending Stock Performance

NYSE:NCDL opened at $17.26 on Wednesday. The firm has a 50-day moving average of $17.21 and a two-hundred day moving average of $17.43. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $940.50 million and a P/E ratio of 7.38. Nuveen Churchill Direct Lending Corp. has a 1-year low of $16.00 and a 1-year high of $18.10.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 31st. This represents a yield of 10.5%. Nuveen Churchill Direct Lending’s dividend payout ratio (DPR) is presently 76.92%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their price objective on 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, Nuveen Churchill Direct Lending presently has a consensus rating of “Moderate Buy” and an average price target of $18.33.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tranquility Partners LLC grew its position in shares of Nuveen Churchill Direct Lending by 207.4% during the third quarter. Tranquility Partners LLC now owns 48,960 shares of the company’s stock worth $853,000 after buying an additional 33,035 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Nuveen Churchill Direct Lending during the 2nd quarter worth $543,000. Aprio Wealth Management LLC raised its stake in shares of Nuveen Churchill Direct Lending by 250.2% in the 3rd 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 in the last quarter. Ariadne Wealth Management LP bought a new position in shares of Nuveen Churchill Direct Lending during the second quarter worth about $520,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in Nuveen Churchill Direct Lending by 182.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 79,018 shares of the company’s stock worth $1,375,000 after purchasing an additional 51,023 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.