Nuveen Churchill Direct Lending (NYSE:NCDL) Stock Price Target Lowered at Keefe, Bruyette & Woods

Nuveen Churchill Direct Lending (NYSE:NCDL) had its target price cut by analysts at Keefe, Bruyette & Woods from $13.50 to $13.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods‘s price target suggests a potential upside of 9.39% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $11.00 target price on shares of Nuveen Churchill Direct Lending in a report on Wednesday. UBS Group upgraded shares of Nuveen Churchill Direct Lending from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $14.75 to $13.00 in a research note on Tuesday, September 1st. Zacks Research raised Nuveen Churchill Direct Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Wall Street Zen upgraded Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Nuveen Churchill Direct Lending has an average rating of “Hold” and an average target price of $13.25.

Nuveen Churchill Direct Lending Price Performance

NCDL stock opened at $11.88 on Wednesday. The company has a fifty day moving average price of $11.51 and a 200 day moving average price of $12.73. Nuveen Churchill Direct Lending has a 12 month low of $10.31 and a 12 month high of $15.07. The company has a market cap of $586.95 million, a price-to-earnings ratio of 12.51 and a beta of 0.55.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Nuveen Churchill Direct Lending had a return on equity of 9.60% and a net margin of 24.44%. The business had revenue of $43.67 million for the quarter, compared to analyst estimates of $43.72 million. As a group, analysts anticipate that Nuveen Churchill Direct Lending will post 1.60 earnings per share for the current year.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

A number of large investors have recently bought and sold shares of NCDL. GraniteShares Advisors LLC lifted its stake in shares of Nuveen Churchill Direct Lending by 1.6% in the 3rd quarter. GraniteShares Advisors LLC now owns 204,945 shares of the company’s stock worth $2,304,000 after acquiring an additional 3,168 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Nuveen Churchill Direct Lending during the third quarter worth about $151,000. Opal Wealth Advisors LLC increased its stake in shares of Nuveen Churchill Direct Lending by 2.0% during the third quarter. Opal Wealth Advisors LLC now owns 646,793 shares of the company’s stock worth $7,270,000 after acquiring an additional 12,522 shares during the period. Confluence Investment Management LLC increased its stake in shares of Nuveen Churchill Direct Lending by 2.6% during the third quarter. Confluence Investment Management LLC now owns 70,694 shares of the company’s stock worth $795,000 after acquiring an additional 1,787 shares during the period. Finally, Centurion Wealth Management LLC purchased a new position in Nuveen Churchill Direct Lending during the second quarter worth about $3,879,000.

Nuveen Churchill Direct Lending News Summary

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

• Positive Sentiment: NCDL plans to grow its joint venture to approximately $300 million over coming quarters, a potential source of additional investment capacity and future income. Article: Nuveen Churchill Direct Lending outlines plan to ramp joint venture
• Positive Sentiment: Third-quarter net investment income was $0.38 per share. A distribution report describes $0.36 per share plus a $0.02 supplemental distribution, suggesting income covered the regular amount. Article: NCDL declares distribution
• Neutral Sentiment: Quarterly results included a 9.60% return on equity and a 24.44% net margin, offering context on profitability. Article: NCDL announces third-quarter results
• Negative Sentiment: EPS of $0.38 missed the $0.39 consensus, while revenue of $43.67 million was just below the $43.72 million estimate. One distribution report describes the $0.02 payment as a quarterly dividend cut from $0.36; another identifies it as supplemental to a $0.36 distribution, so the reports conflict. Article: NCDL quarterly earnings

About Nuveen Churchill Direct Lending

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.