Goldman Sachs Group Inc. trimmed its holdings in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL – Free Report) by 39.3% during the first quarter, Holdings Channel.com reports. The fund owned 228,603 shares of the company’s stock after selling 148,268 shares during the period. Goldman Sachs Group Inc.’s holdings in Nuveen Churchill Direct Lending were worth $3,882,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new stake in Nuveen Churchill Direct Lending in the 1st quarter valued at about $115,000. Virtu Financial LLC acquired a new stake in Nuveen Churchill Direct Lending in the 1st quarter valued at about $178,000. Aigen Investment Management LP acquired a new stake in Nuveen Churchill Direct Lending in the 1st quarter valued at about $181,000. Two Sigma Advisers LP acquired a new stake in shares of Nuveen Churchill Direct Lending during the 4th quarter worth about $186,000. Finally, Entropy Technologies LP boosted its stake in shares of Nuveen Churchill Direct Lending by 6.8% during the 1st quarter. Entropy Technologies LP now owns 12,025 shares of the company’s stock worth $204,000 after purchasing an additional 761 shares during the last quarter.
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Insider Activity
In other news, Treasurer Shaul Vichness purchased 5,000 shares of Nuveen Churchill Direct Lending stock in a transaction dated Tuesday, September 16th. The stock was bought at an average price of $14.85 per share, with a total value of $74,250.00. Following the completion of the acquisition, the treasurer owned 15,000 shares in the company, valued at $222,750. The trade was a 50.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.62% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on NCDL shares. JMP Securities decreased their price target on shares of Nuveen Churchill Direct Lending from $18.50 to $18.00 and set a “market outperform” rating on the stock in a research note on Tuesday, June 24th. UBS Group raised their price target on shares of Nuveen Churchill Direct Lending from $16.50 to $17.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of Nuveen Churchill Direct Lending from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Nuveen Churchill Direct Lending currently has a consensus rating of “Hold” and an average target price of $16.63.
Read Our Latest Research Report on NCDL
Nuveen Churchill Direct Lending Stock Up 0.9%
Shares of NYSE:NCDL opened at $14.95 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.26. The company has a fifty day simple moving average of $16.17 and a 200 day simple moving average of $16.18. The firm has a market cap of $738.38 million, a PE ratio of 8.21 and a beta of 0.47. Nuveen Churchill Direct Lending Corp. has a 12-month low of $14.21 and a 12-month high of $18.01.
Nuveen Churchill Direct Lending (NYSE:NCDL – Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. The business had revenue of $53.13 million during the quarter, compared to analyst estimates of $54.41 million. Nuveen Churchill Direct Lending had a net margin of 43.35% and a return on equity of 11.88%. On average, equities research 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 declared a quarterly dividend, which will be paid on Tuesday, October 28th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.80 annualized dividend and a dividend yield of 12.0%. Nuveen Churchill Direct Lending’s payout ratio is 98.90%.
Nuveen Churchill Direct Lending Company Profile
(Free Report)
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.
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