Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Given Consensus Rating of “Moderate Buy” by Brokerages

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $18.50.

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

Nuveen Churchill Direct Lending Trading Down 2.2 %

Shares of 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 company has a debt-to-equity ratio of 0.82, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a 50-day moving average price of $17.60.

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 analysts’ consensus estimates of $0.49 by $0.07. The company had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $51.60 million. Nuveen Churchill Direct Lending had a return on equity of 12.28% and a net margin of 51.98%. On average, equities research analysts forecast that Nuveen Churchill Direct Lending will post 2.32 earnings per share for the current year.

Nuveen Churchill Direct Lending Dividend Announcement

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nuveen Churchill Direct Lending stock. Capstone Investment Advisors LLC bought a new stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 40,670 shares of the company’s stock, valued at approximately $734,000. Capstone Investment Advisors LLC owned about 0.07% of Nuveen Churchill Direct Lending as of its most recent SEC filing.

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.