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

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $18.50.

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

Nuveen Churchill Direct Lending Price Performance

NYSE:NCDL opened at $17.40 on Monday. The firm’s 50-day moving average is $17.60. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.35 and a quick ratio of 1.35. Nuveen Churchill Direct Lending has a 52-week low of $16.00 and a 52-week high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its earnings results on Thursday, May 9th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.07. Nuveen Churchill Direct Lending had a net margin of 51.98% and a return on equity of 12.28%. The company had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.60 million. As a group, equities analysts predict that Nuveen Churchill Direct Lending will post 2.32 earnings per share for the current year.

Nuveen Churchill Direct Lending Announces Dividend

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

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 position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 40,670 shares of the company’s stock, valued at approximately $734,000. Capstone Investment Advisors LLC owned 0.07% of Nuveen Churchill Direct Lending as of its most recent filing with the SEC.

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.