Point72 DIFC Ltd Lowers Holdings in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Point72 DIFC Ltd decreased its position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 61.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,640 shares of the company’s stock after selling 12,393 shares during the period. Point72 DIFC Ltd’s holdings in Nuveen Churchill Direct Lending were worth $133,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in shares of Nuveen Churchill Direct Lending in the second quarter worth approximately $95,000. Beacon Bridge Wealth Partners LLC bought a new position in Nuveen Churchill Direct Lending in the 2nd quarter valued at approximately $226,000. Mount Yale Investment Advisors LLC purchased a new stake in Nuveen Churchill Direct Lending during the 2nd quarter valued at $257,000. Aprio Wealth Management LLC bought a new stake in shares of Nuveen Churchill Direct Lending in the 2nd quarter worth $272,000. Finally, Tranquility Partners LLC bought a new stake in shares of Nuveen Churchill Direct Lending in the 2nd quarter worth $277,000.

Nuveen Churchill Direct Lending Stock Down 1.4 %

NYSE NCDL opened at $17.17 on Wednesday. Nuveen Churchill Direct Lending Corp. has a 1-year low of $16.00 and a 1-year high of $18.10. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 1.21. The business’s fifty day moving average price is $17.44 and its 200-day moving average price is $17.55.

Nuveen Churchill Direct Lending (NYSE:NCDL) last announced its earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $55.09 million for the quarter, compared to analysts’ expectations of $54.30 million. As a group, research analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.