Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Receives Consensus Rating of “Moderate Buy” from Analysts

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $18.50.

Separately, JMP Securities reiterated a “market outperform” rating and issued a $18.50 target price on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, March 26th.

Institutional Trading of Nuveen Churchill Direct Lending

An institutional investor recently bought a new position in Nuveen Churchill Direct Lending stock. Hennion & Walsh Asset Management Inc. purchased a new stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 27,995 shares of the company’s stock, valued at approximately $506,000. Hennion & Walsh Asset Management Inc. owned 0.05% of Nuveen Churchill Direct Lending as of its most recent SEC filing.

Nuveen Churchill Direct Lending Stock Performance

Nuveen Churchill Direct Lending stock opened at $17.40 on Monday. Nuveen Churchill Direct Lending has a fifty-two week low of $16.00 and a fifty-two week high of $18.10. The stock’s 50-day moving average price is $17.60. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.35 and a current ratio of 1.35.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.07. The business had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $51.60 million. Nuveen Churchill Direct Lending had a net margin of 51.98% and a return on equity of 12.28%. As a group, equities analysts expect that Nuveen Churchill Direct Lending will post 2.32 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 10.34%. The ex-dividend date of this dividend is Friday, June 28th.

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.