Blue Owl Capital Holdings LP Has $42.66 Million Stock Position in Nuveen Churchill Direct Lending Corp. $NCDL

Blue Owl Capital Holdings LP decreased its position in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 23.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,091,553 shares of the company’s stock after selling 948,000 shares during the quarter. Nuveen Churchill Direct Lending makes up approximately 13.2% of Blue Owl Capital Holdings LP’s investment portfolio, making the stock its biggest position. Blue Owl Capital Holdings LP owned about 0.06% of Nuveen Churchill Direct Lending worth $42,663,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised its position in shares of Nuveen Churchill Direct Lending by 13.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 418,571 shares of the company’s stock worth $5,776,000 after acquiring an additional 50,507 shares during the last quarter. Magnetar Financial LLC bought a new position in Nuveen Churchill Direct Lending in the second quarter valued at about $773,000. Y Intercept Hong Kong Ltd boosted its holdings in Nuveen Churchill Direct Lending by 100.0% in the second quarter. Y Intercept Hong Kong Ltd now owns 32,820 shares of the company’s stock valued at $531,000 after acquiring an additional 16,408 shares during the last quarter. MQS Management LLC acquired a new stake in Nuveen Churchill Direct Lending in the third quarter worth about $604,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in Nuveen Churchill Direct Lending by 2.7% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,149 shares of the company’s stock worth $375,000 after purchasing an additional 723 shares during the period.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of Nuveen Churchill Direct Lending from $16.00 to $15.00 and set a “market perform” rating on the stock in a research report on Friday, February 27th. Zacks Research upgraded shares of Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Truist Financial dropped their price target on shares of Nuveen Churchill Direct Lending from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday. Wall Street Zen lowered shares of Nuveen Churchill Direct Lending from a “hold” rating to a “sell” rating in a report on Monday, March 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Nuveen Churchill Direct Lending from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.40.

Insider Buying and Selling at Nuveen Churchill Direct Lending

In other news, Director Kenneth M. Miranda acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average price of $12.83 per share, for a total transaction of $38,490.00. Following the completion of the acquisition, the director owned 30,000 shares in the company, valued at $384,900. This trade represents a 11.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mat Linett bought 2,000 shares of the stock in a transaction on Friday, March 6th. The stock was purchased at an average cost of $13.05 per share, with a total value of $26,100.00. Following the purchase, the director directly owned 10,365 shares of the company’s stock, valued at approximately $135,263.25. This represents a 23.91% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 24,690 shares of company stock worth $324,636 over the last ninety days. 0.62% of the stock is owned by corporate insiders.

Nuveen Churchill Direct Lending Trading Down 0.8%

NYSE NCDL opened at $13.20 on Friday. Nuveen Churchill Direct Lending Corp. has a 12 month low of $12.54 and a 12 month high of $17.59. The stock has a 50-day simple moving average of $13.55 and a 200 day simple moving average of $14.24. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $651.95 million, a PE ratio of 10.08 and a beta of 0.44.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its earnings results on Thursday, February 26th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $26.36 million for the quarter, compared to analysts’ expectations of $49.60 million. Nuveen Churchill Direct Lending had a return on equity of 10.48% and a net margin of 31.57%. Research analysts forecast that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.44 annualized dividend and a yield of 10.9%. Nuveen Churchill Direct Lending’s dividend payout ratio (DPR) is presently 137.40%.

Key Headlines Impacting Nuveen Churchill Direct Lending

Here are the key news stories impacting Nuveen Churchill Direct Lending this week:

• Positive Sentiment: Multiple insiders are buying stock — including CEO Kenneth J. Kencel (10,000 shares at ~$13.04), Director Kenneth Miranda (3,000 shares at $12.83), Jason Strife (7,690 shares at $13.40), VP John McCally (2,000 shares at $13.30) and Director Mat Linett (2,000 shares at $13.05) — signaling management confidence at current levels. SEC Filing (Jason Strife)
• Positive Sentiment: Institutional investors have been active: Invesco materially increased its stake in the 4Q, and other funds (Virtu, NewEdge, VARCOV, Almitas) adjusted positions — a sign of interest from larger holders. MarketBeat: Insider & institutional details
• Neutral Sentiment: Quarterly EPS marginally beat (reported $0.44 vs. $0.43 est.), which is supportive for income investors, but the beat was slight and leaves forward guidance/credit performance the focus area. Earnings summary
• Neutral Sentiment: The board declared a quarterly dividend of $0.36 (annualized $1.44; ~10.9% yield). While yield is attractive to income buyers, the fund’s payout ratio is high (137%), making the dividend’s sustainability an open question. Dividend & DPR details
• Negative Sentiment: Several analysts cut price targets and trimmed expectations this week (Wells Fargo to $13.00; Truist lowered its prior target and reduced expectations; KBW trimmed its target) — increasing near‑term selling pressure and lowering the stock’s perceived upside. Wells Fargo price target cut Truist note
• Negative Sentiment: Revenue in the quarter materially missed consensus ($26.36M reported vs. ~$49.6M expected), suggesting weaker origination/fee activity or timing effects — a key negative for a credit-focused closed‑end fund. Quarterly revenue miss
• Negative Sentiment: High dividend payout ratio (137%) and headlines indicating a dividend cut or reset increase uncertainty around future distributions — a central driver for valuation of yield‑focused CEFs. Dividend concerns

Nuveen Churchill Direct Lending Profile

Nuveen Churchill Direct Lending (NYSE:NCDL) is a closed-end management investment company that seeks to provide shareholders with attractive risk-adjusted returns through a diversified portfolio of direct lending instruments. Established in early 2022, NCDL focuses on privately negotiated debt investments in middle-market companies, primarily within the United States. The fund offers investors access to a segment of the credit markets that has historically been less correlated with public debt markets, aiming to capture yield premiums associated with private lending.

The fund’s investment strategy centers on senior secured loans, unitranche financings and selectively structured mezzanine debt.