Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Receives Average Rating of “Moderate Buy” from Brokerages

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) has earned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $18.50.

Separately, JMP Securities reissued a “market outperform” rating and set a $18.50 target price on shares of Nuveen Churchill Direct Lending in a report on Tuesday, March 26th.

Nuveen Churchill Direct Lending Stock Performance

Shares of NYSE:NCDL opened at $17.51 on Monday. The firm has a 50 day moving average price of $17.59. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.82. Nuveen Churchill Direct Lending has a 12 month low of $16.00 and a 12 month high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its earnings results on Thursday, May 9th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.49 by $0.07. The company had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $51.60 million. Nuveen Churchill Direct Lending had a net margin of 51.98% and a return on equity of 12.28%. As a group, equities research analysts predict that Nuveen Churchill Direct Lending will post 2.32 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, June 28th. This represents a $1.80 annualized dividend and a yield of 10.28%.

Institutional Trading of Nuveen Churchill Direct Lending

An institutional investor recently bought a new position in Nuveen Churchill Direct Lending stock. Capstone Investment Advisors LLC bought a new position in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 40,670 shares of the company’s stock, valued at approximately $734,000. Capstone Investment Advisors LLC owned 0.07% of Nuveen Churchill Direct Lending as of its most recent SEC filing.

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.