Nuveen Churchill Direct Lending Corp. (NCDL) – What Are Investment Firms Saying About This Stock?

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) have been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $13.62.

NCDL has been the subject of several recent research reports. Wall Street Zen raised Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. UBS Group upgraded shares of Nuveen Churchill Direct Lending from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $14.75 to $13.00 in a research report on Tuesday, September 1st. Zacks Research upgraded shares of Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Keefe, Bruyette & Woods lowered their price objective on Nuveen Churchill Direct Lending from $15.00 to $13.50 and set a “market perform” rating on the stock in a report on Monday, August 10th.

Nuveen Churchill Direct Lending Trading Up 3.0%

Nuveen Churchill Direct Lending stock opened at $10.80 on Wednesday. The firm has a 50 day moving average price of $11.62 and a 200 day moving average price of $12.79. Nuveen Churchill Direct Lending has a fifty-two week low of $10.31 and a fifty-two week high of $15.07.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $11.14 million for the quarter, compared to analyst estimates of $46.72 million. As a group, equities research analysts anticipate that Nuveen Churchill Direct Lending will post 1.60 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCDL. Centurion Wealth Management LLC acquired a new position in Nuveen Churchill Direct Lending in the second quarter valued at $3,879,000. NewEdge Wealth LLC grew its holdings in shares of Nuveen Churchill Direct Lending by 199.3% during the 1st quarter. NewEdge Wealth LLC now owns 89,776 shares of the company’s stock worth $1,142,000 after purchasing an additional 59,777 shares during the period. Bulldog Investors LLP increased its position in shares of Nuveen Churchill Direct Lending by 29.6% in the first quarter. Bulldog Investors LLP now owns 224,822 shares of the company’s stock worth $2,860,000 after acquiring an additional 51,410 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Nuveen Churchill Direct Lending by 28.7% in the first quarter. Renaissance Technologies LLC now owns 152,024 shares of the company’s stock worth $1,934,000 after acquiring an additional 33,918 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Nuveen Churchill Direct Lending by 23.3% in the first quarter. Bank of America Corp DE now owns 147,909 shares of the company’s stock worth $1,881,000 after acquiring an additional 27,970 shares in the last quarter.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) is a closed-end investment company that has elected to be regulated as a business development company. The company provides financing to privately owned, primarily U.S.-based middle-market businesses.

NCDL invests mainly in senior secured loans and other debt investments, with a focus on companies that may have limited access to traditional bank financing. Its portfolio may also include unitranche loans, subordinated debt and, to a lesser extent, equity or equity-related investments.