Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Strong Trading Volume – Still a Buy?

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) saw an uptick in trading volume on Monday . 101,050 shares traded hands during trading, an increase of 55% from the previous session’s volume of 65,259 shares.The stock last traded at $16.89 and had previously closed at $16.88.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company dropped their price objective on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Monday, August 12th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.33.

Nuveen Churchill Direct Lending Price Performance

The stock’s 50-day moving average is $17.46 and its 200-day moving average is $17.49. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.03.

Nuveen Churchill Direct Lending (NYSE:NCDL) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. The firm had revenue of $55.09 million for the quarter, compared to analysts’ expectations of $54.30 million. Nuveen Churchill Direct Lending had a return on equity of 12.70% and a net margin of 50.23%. On average, analysts expect that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current year.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in shares of Nuveen Churchill Direct Lending by 119.8% in the third quarter. Farther Finance Advisors LLC now owns 3,201 shares of the company’s stock valued at $56,000 after purchasing an additional 1,745 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in Nuveen Churchill Direct Lending in the second quarter valued at about $95,000. Catalina Capital Group LLC acquired a new stake in shares of Nuveen Churchill Direct Lending during the third quarter worth about $182,000. Dudley Capital Management LLC acquired a new stake in shares of Nuveen Churchill Direct Lending during the third quarter worth about $204,000. Finally, Beacon Bridge Wealth Partners LLC acquired a new stake in Nuveen Churchill Direct Lending in the 2nd quarter valued at approximately $226,000.

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.