Acadian Asset Management LLC Invests $871,000 in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Acadian Asset Management LLC bought a new position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 50,472 shares of the company’s stock, valued at approximately $871,000. Acadian Asset Management LLC owned about 0.09% of Nuveen Churchill Direct Lending as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Beacon Bridge Wealth Partners LLC bought a new stake in shares of Nuveen Churchill Direct Lending in the 2nd quarter worth about $226,000. Aprio Wealth Management LLC bought a new stake in shares of Nuveen Churchill Direct Lending in the 2nd quarter worth about $272,000. Tranquility Partners LLC bought a new stake in shares of Nuveen Churchill Direct Lending in the 2nd quarter worth about $277,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Nuveen Churchill Direct Lending by 50.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 26,091 shares of the company’s stock worth $454,000 after purchasing an additional 8,705 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Nuveen Churchill Direct Lending during the 1st quarter worth about $506,000.

Nuveen Churchill Direct Lending Stock Performance

Shares of NYSE:NCDL opened at $17.85 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 1.21. Nuveen Churchill Direct Lending Corp. has a 12 month low of $16.00 and a 12 month high of $18.10. The company’s 50-day moving average price is $17.43 and its two-hundred day moving average price is $17.48.

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

Nuveen Churchill Direct Lending Announces Dividend

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

Analyst Ratings Changes

Separately, Wells Fargo & Company decreased their price objective on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently 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.