Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) saw strong trading volume on Monday . 159,599 shares changed hands during trading, an increase of 164% from the previous session’s volume of 60,401 shares.The stock last traded at $17.20 and had previously closed at $17.36.

Analyst Ratings Changes

Separately, Wells Fargo & Company reduced their price objective 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.33.

Nuveen Churchill Direct Lending Stock Up 0.3 %

The stock has a fifty day moving average price of $17.49 and a 200-day moving average price of $17.51. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.03.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The company had revenue of $55.09 million during 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%. Sell-side analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

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

Institutional Trading of Nuveen Churchill Direct Lending

Hedge funds and other institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. bought a new position in Nuveen Churchill Direct Lending during the second quarter valued at about $95,000. Beacon Bridge Wealth Partners LLC bought a new position in Nuveen Churchill Direct Lending during the second quarter valued at about $226,000. Mount Yale Investment Advisors LLC bought a new position in Nuveen Churchill Direct Lending during the second quarter valued at about $257,000. Aprio Wealth Management LLC bought a new position in Nuveen Churchill Direct Lending during the second quarter valued at about $272,000. Finally, Tranquility Partners LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the second quarter valued at about $277,000.

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.