Nuveen Churchill Direct Lending Corp. to Issue Quarterly Dividend of $0.45 (NYSE:NCDL)

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) declared a quarterly dividend on Tuesday, November 4th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.45 per share on Tuesday, January 27th. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date is Wednesday, December 31st.

Nuveen Churchill Direct Lending Stock Performance

NCDL traded down $0.23 on Tuesday, hitting $14.36. 565,583 shares of the company traded hands, compared to its average volume of 240,999. The company has a 50 day moving average of $14.66 and a 200-day moving average of $15.64. Nuveen Churchill Direct Lending has a 12-month low of $13.16 and a 12-month high of $18.01. The stock has a market capitalization of $708.99 million, a PE ratio of 7.89 and a beta of 0.37. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.26.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its earnings results on Wednesday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. Nuveen Churchill Direct Lending had a return on equity of 11.88% and a net margin of 43.35%.The business had revenue of $53.13 million for the quarter, compared to analyst estimates of $54.41 million. Sell-side analysts anticipate that Nuveen Churchill Direct Lending will post 2.28 earnings per share for the current year.

Insider Activity at Nuveen Churchill Direct Lending

In related news, Treasurer Shaul Vichness bought 5,000 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were bought at an average cost of $14.85 per share, for a total transaction of $74,250.00. Following the transaction, the treasurer owned 15,000 shares of the company’s stock, valued at approximately $222,750. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.62% of the company’s stock.

Institutional Trading of Nuveen Churchill Direct Lending

A number of institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in Nuveen Churchill Direct Lending by 33.0% in the second quarter. NewEdge Advisors LLC now owns 4,511 shares of the company’s stock valued at $73,000 after buying an additional 1,118 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the 3rd quarter worth approximately $85,000. State of Wyoming increased its stake in Nuveen Churchill Direct Lending by 16.4% in the 3rd quarter. State of Wyoming now owns 7,739 shares of the company’s stock valued at $107,000 after purchasing an additional 1,090 shares in the last quarter. Graybill Wealth Management LTD. acquired a new position in Nuveen Churchill Direct Lending during the first quarter worth $115,000. Finally, AlphaQuest LLC acquired a new position in Nuveen Churchill Direct Lending during the third quarter worth $135,000.

About Nuveen Churchill Direct Lending

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.