Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Short Interest Up 48.9% in February

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 115,100 shares, an increase of 48.9% from the January 31st total of 77,300 shares. Based on an average daily trading volume, of 295,600 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NCDL. Wealth Enhancement Advisory Services LLC boosted its position in Nuveen Churchill Direct Lending by 82.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 47,702 shares of the company’s stock valued at $831,000 after buying an additional 21,611 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Nuveen Churchill Direct Lending by 119.8% during the third quarter. Farther Finance Advisors LLC now owns 3,201 shares of the company’s stock valued at $56,000 after acquiring an additional 1,745 shares in the last quarter. Catalina Capital Group LLC purchased a new stake in shares of Nuveen Churchill Direct Lending in the third quarter valued at approximately $182,000. Dudley Capital Management LLC bought a new position in Nuveen Churchill Direct Lending in the third quarter worth approximately $204,000. Finally, Confluence Investment Management LLC raised its position in Nuveen Churchill Direct Lending by 0.9% during the 3rd quarter. Confluence Investment Management LLC now owns 118,161 shares of the company’s stock valued at $2,058,000 after purchasing an additional 1,076 shares in the last quarter.

Nuveen Churchill Direct Lending Trading Down 0.7 %

Shares of NYSE NCDL opened at $17.29 on Wednesday. The business’s 50 day moving average price is $17.11 and its 200-day moving average price is $17.23. Nuveen Churchill Direct Lending has a fifty-two week low of $16.11 and a fifty-two week high of $18.10. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market cap of $941.79 million and a price-to-earnings ratio of 7.39.

Nuveen Churchill Direct Lending Dividend Announcement

The business also recently announced a — dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.10 per share. This represents a dividend yield of 10.3%. The ex-dividend date is Monday, March 31st. Nuveen Churchill Direct Lending’s dividend payout ratio is currently 83.72%.

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.