Hennion & Walsh Asset Management Inc. Purchases 78,785 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 99.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,803 shares of the company’s stock after buying an additional 78,785 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.29% of Nuveen Churchill Direct Lending worth $2,749,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Opal Wealth Advisors LLC boosted its holdings in Nuveen Churchill Direct Lending by 184.1% during the third quarter. Opal Wealth Advisors LLC now owns 194,638 shares of the company’s stock valued at $3,391,000 after purchasing an additional 126,131 shares in the last quarter. Procyon Advisors LLC bought a new position in shares of Nuveen Churchill Direct Lending during the 3rd quarter worth approximately $662,000. Aprio Wealth Management LLC boosted its stake in Nuveen Churchill Direct Lending by 250.2% in the 3rd quarter. Aprio Wealth Management LLC now owns 54,688 shares of the company’s stock valued at $953,000 after buying an additional 39,073 shares in the last quarter. Ariadne Wealth Management LP bought a new stake in Nuveen Churchill Direct Lending in the second quarter valued at $520,000. Finally, Sunbelt Securities Inc. acquired a new position in Nuveen Churchill Direct Lending during the second quarter worth $95,000.

Nuveen Churchill Direct Lending Price Performance

NCDL stock opened at $16.95 on Friday. The business has a fifty day moving average price of $17.48 and a 200 day moving average price of $17.50. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.03. Nuveen Churchill Direct Lending Corp. has a fifty-two week low of $16.00 and a fifty-two week high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL) last announced its earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. The company had revenue of $55.09 million during the quarter, compared to analyst estimates of $54.30 million. Nuveen Churchill Direct Lending had a return on equity of 12.70% and a net margin of 50.23%. On average, analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current year.

Nuveen Churchill Direct Lending Dividend Announcement

The business also recently announced a — dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be paid a $0.10 dividend. This represents a dividend yield of 10.3%. The ex-dividend date is Monday, September 30th.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reduced their target price on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Monday, August 12th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Nuveen Churchill Direct Lending has a consensus rating of “Moderate Buy” and an average target price of $18.33.

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.