13,007 Shares in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Acquired by Beacon Bridge Wealth Partners LLC

Beacon Bridge Wealth Partners LLC bought a new position in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,007 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NCDL. Confluence Investment Management LLC boosted its holdings in Nuveen Churchill Direct Lending by 13.7% in the 2nd quarter. Confluence Investment Management LLC now owns 117,085 shares of the company’s stock worth $2,037,000 after acquiring an additional 14,068 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Nuveen Churchill Direct Lending by 182.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 79,018 shares of the company’s stock valued at $1,375,000 after buying an additional 51,023 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Nuveen Churchill Direct Lending during the 2nd quarter valued at approximately $1,192,000. Capstone Investment Advisors LLC purchased a new position in shares of Nuveen Churchill Direct Lending during the 1st quarter valued at approximately $734,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Nuveen Churchill Direct Lending by 50.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 26,091 shares of the company’s stock valued at $454,000 after buying an additional 8,705 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reduced their target price on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note 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, Nuveen Churchill Direct Lending currently has a consensus rating of “Moderate Buy” and an average price target of $18.33.

Nuveen Churchill Direct Lending Stock Down 0.7 %

Shares of NCDL opened at $17.66 on Wednesday. The business’s fifty day moving average price is $17.43 and its 200 day moving average price is $17.45. Nuveen Churchill Direct Lending Corp. has a 12-month low of $16.00 and a 12-month 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 issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. The company had revenue of $55.09 million for the quarter, compared to analyst estimates of $54.30 million. Nuveen Churchill Direct Lending had a return on equity of 12.70% and a net margin of 50.23%. Research analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

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

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.