Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 82.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,702 shares of the company’s stock after purchasing an additional 21,611 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.09% of Nuveen Churchill Direct Lending worth $831,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NCDL. Sunbelt Securities Inc. purchased a new stake in Nuveen Churchill Direct Lending during the 2nd quarter worth approximately $95,000. Marshall Wace LLP increased its stake in shares of Nuveen Churchill Direct Lending by 15.2% in the second quarter. Marshall Wace LLP now owns 79,467 shares of the company’s stock worth $1,383,000 after buying an additional 10,493 shares during the last quarter. Beacon Bridge Wealth Partners LLC acquired a new stake in Nuveen Churchill Direct Lending in the second quarter valued at $226,000. Confluence Investment Management LLC raised its holdings in Nuveen Churchill Direct Lending by 13.7% in the second quarter. Confluence Investment Management LLC now owns 117,085 shares of the company’s stock valued at $2,037,000 after acquiring an additional 14,068 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new position in Nuveen Churchill Direct Lending during the 2nd quarter valued at $257,000.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company cut 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.33.

Nuveen Churchill Direct Lending Stock Performance

Shares of NYSE:NCDL opened at $17.19 on Thursday. The firm has a 50 day simple moving average of $17.43 and a 200 day simple moving average of $17.48. Nuveen Churchill Direct Lending Corp. has a 52 week low of $16.00 and a 52 week high of $18.10. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.21 and a current ratio of 1.21.

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

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.