Keefe, Bruyette & Woods Cuts Nuveen Churchill Direct Lending (NYSE:NCDL) Price Target to $17.00

Nuveen Churchill Direct Lending (NYSE:NCDL) had its target price reduced by Keefe, Bruyette & Woods from $18.00 to $17.00 in a research note released on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Nuveen Churchill Direct Lending Price Performance

Shares of Nuveen Churchill Direct Lending stock opened at $14.57 on Tuesday. Nuveen Churchill Direct Lending has a 1-year low of $14.32 and a 1-year high of $18.05. The firm’s 50-day moving average price is $17.02 and its two-hundred day moving average price is $17.06. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $757.37 million, a price-to-earnings ratio of 6.23 and a beta of 0.37.

Nuveen Churchill Direct Lending Announces Dividend

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

Institutional Trading of Nuveen Churchill Direct Lending

Several large investors have recently made changes to their positions in NCDL. Bellevue Asset Management LLC acquired a new position in Nuveen Churchill Direct Lending during the 4th quarter worth about $28,000. Tower Research Capital LLC TRC bought a new position in shares of Nuveen Churchill Direct Lending in the fourth quarter worth about $48,000. NewEdge Advisors LLC lifted its position in shares of Nuveen Churchill Direct Lending by 680.1% during the fourth quarter. NewEdge Advisors LLC now owns 3,300 shares of the company’s stock worth $55,000 after purchasing an additional 2,877 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Nuveen Churchill Direct Lending by 72.2% during the fourth quarter. Farther Finance Advisors LLC now owns 5,512 shares of the company’s stock valued at $92,000 after purchasing an additional 2,311 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in shares of Nuveen Churchill Direct Lending by 36.6% in the third quarter. Sunbelt Securities Inc. now owns 7,496 shares of the company’s stock valued at $131,000 after purchasing an additional 2,009 shares in the last quarter.

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.