Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Large Volume Increase – Time to Buy?

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) saw an uptick in trading volume on Wednesday . 289,710 shares traded hands during trading, an increase of 2% from the previous session’s volume of 284,104 shares.The stock last traded at $16.52 and had previously closed at $16.41.

Nuveen Churchill Direct Lending Stock Performance

The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.10. The company has a fifty day moving average price of $17.04 and a 200 day moving average price of $17.31. The stock has a market cap of $897.38 million and a PE ratio of 7.04.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently announced a — dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Tuesday, December 31st will be given a $0.10 dividend. This represents a dividend yield of 10.5%. The ex-dividend date is Tuesday, December 31st. Nuveen Churchill Direct Lending’s dividend payout ratio is presently 76.92%.

Insider Buying and Selling

In other Nuveen Churchill Direct Lending news, CEO Kenneth J. Kencel acquired 20,000 shares of Nuveen Churchill Direct Lending stock in a transaction that occurred on Monday, December 2nd. The stock was bought at an average cost of $17.37 per share, for a total transaction of $347,400.00. Following the acquisition, the chief executive officer now owns 20,000 shares of the company’s stock, valued at $347,400. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.53% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC increased its stake in Nuveen Churchill Direct Lending by 119.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,201 shares of the company’s stock worth $56,000 after buying an additional 1,745 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in Nuveen Churchill Direct Lending in the second quarter worth about $95,000. Catalina Capital Group LLC purchased a new stake in Nuveen Churchill Direct Lending during the third quarter valued at approximately $182,000. Dudley Capital Management LLC purchased a new position in shares of Nuveen Churchill Direct Lending in the 3rd quarter worth approximately $204,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in Nuveen Churchill Direct Lending during the 2nd quarter valued at $257,000.

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.