JPMorgan Chase & Co. Buys 386,666 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

JPMorgan Chase & Co. lifted its stake in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 1,045,043.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,703 shares of the company’s stock after purchasing an additional 386,666 shares during the quarter. JPMorgan Chase & Co.’s holdings in Nuveen Churchill Direct Lending were worth $6,736,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NCDL. Opal Wealth Advisors LLC raised 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 worth $3,391,000 after buying an additional 126,131 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen Churchill Direct Lending by 99.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 157,803 shares of the company’s stock worth $2,749,000 after acquiring an additional 78,785 shares during the last quarter. Confluence Investment Management LLC boosted its stake in Nuveen Churchill Direct Lending by 0.9% during the 3rd quarter. Confluence Investment Management LLC now owns 118,161 shares of the company’s stock valued at $2,058,000 after purchasing an additional 1,076 shares during the last quarter. Marshall Wace LLP increased its holdings in Nuveen Churchill Direct Lending by 15.2% during the 2nd quarter. Marshall Wace LLP now owns 79,467 shares of the company’s stock worth $1,383,000 after purchasing an additional 10,493 shares in the last quarter. Finally, Aprio Wealth Management LLC increased its holdings in Nuveen Churchill Direct Lending by 250.2% during the 3rd quarter. Aprio Wealth Management LLC now owns 54,688 shares of the company’s stock worth $953,000 after purchasing an additional 39,073 shares in the last quarter.

Nuveen Churchill Direct Lending Stock Up 0.1 %

Shares of NYSE:NCDL opened at $16.32 on Thursday. The business’s 50 day moving average is $16.98 and its 200 day moving average is $17.26. Nuveen Churchill Direct Lending Corp. has a 12-month low of $16.00 and a 12-month high of $18.10. The stock has a market cap of $889.21 million and a price-to-earnings ratio of 6.97. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.10.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently announced a — dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Tuesday, December 31st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 10.5%. Nuveen Churchill Direct Lending’s payout ratio is 76.92%.

Insider Activity

In other Nuveen Churchill Direct Lending news, CEO Kenneth J. Kencel bought 20,000 shares of Nuveen Churchill Direct Lending stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of $17.35 per share, with a total value of $347,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $173,500. The trade was a -200.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

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.