Nuveen Churchill Direct Lending (NYSE:NCDL) Shares Gap Down to $17.80

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $17.80, but opened at $17.29. Nuveen Churchill Direct Lending shares last traded at $17.29, with a volume of 490 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market outperform” rating and issued a $18.50 price target on shares of Nuveen Churchill Direct Lending in a report on Tuesday, March 26th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Nuveen Churchill Direct Lending currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Nuveen Churchill Direct Lending Stock Performance

The stock’s 50-day moving average is $17.60. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.82.

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

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 10.34%. The ex-dividend date of this dividend is Friday, June 28th.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

A hedge fund recently bought a new stake in Nuveen Churchill Direct Lending stock. Hennion & Walsh Asset Management Inc. bought a new position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 27,995 shares of the company’s stock, valued at approximately $506,000. Hennion & Walsh Asset Management Inc. owned 0.05% of Nuveen Churchill Direct Lending at the end of the most recent quarter.

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.