Opal Wealth Advisors LLC Purchases 126,131 Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Opal Wealth Advisors LLC lifted its position in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 184.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 194,638 shares of the company’s stock after buying an additional 126,131 shares during the period. Nuveen Churchill Direct Lending comprises 1.1% of Opal Wealth Advisors LLC’s investment portfolio, making the stock its 15th largest position. Opal Wealth Advisors LLC owned 0.35% of Nuveen Churchill Direct Lending worth $3,391,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NCDL. Procyon Advisors LLC purchased a new stake in Nuveen Churchill Direct Lending during the 3rd quarter valued at about $662,000. Aprio Wealth Management LLC grew its holdings in shares of Nuveen Churchill Direct Lending by 250.2% in the third 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 during the last quarter. Ariadne Wealth Management LP purchased a new position in shares of Nuveen Churchill Direct Lending in the second quarter worth $520,000. Sunbelt Securities Inc. bought a new stake in Nuveen Churchill Direct Lending during the 2nd quarter valued at $95,000. Finally, Marshall Wace LLP boosted its position 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 valued at $1,383,000 after buying an additional 10,493 shares during the period.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lowered their price objective on shares of 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 stock. Based on data from MarketBeat.com, Nuveen Churchill Direct Lending has a consensus rating of “Moderate Buy” and a consensus price target of $18.33.

Nuveen Churchill Direct Lending Stock Performance

Shares of NYSE NCDL opened at $17.51 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’s 50-day moving average is $17.45 and its 200 day moving average is $17.53. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.03.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. The firm had revenue of $55.09 million for the quarter, compared to the consensus estimate of $54.30 million. Nuveen Churchill Direct Lending had a return on equity of 12.70% and a net margin of 50.23%. On average, analysts anticipate that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current fiscal year.

Nuveen Churchill Direct Lending Dividend Announcement

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

Nuveen Churchill Direct Lending 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.