Hennion & Walsh Asset Management Inc. Invests $506,000 in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Hennion & Walsh Asset Management Inc. purchased a new stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 27,995 shares of the company’s stock, valued at approximately $506,000. Hennion & Walsh Asset Management Inc. owned approximately 0.05% of Nuveen Churchill Direct Lending as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a “market outperform” rating and issued a $18.50 target price on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, March 26th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Nuveen Churchill Direct Lending Trading Up 2.2 %

Nuveen Churchill Direct Lending stock opened at $17.79 on Wednesday. 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 Corp. has a 12-month low of $16.00 and a 12-month high of $18.10. The company has a 50-day simple moving average of $17.60.

Nuveen Churchill Direct Lending (NYSE:NCDL) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $51.60 million. As a group, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.12%. The ex-dividend date of this dividend is Friday, June 28th.

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.