Caprock Group LLC Purchases New Position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Caprock Group LLC acquired a new position in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,002 shares of the company’s stock, valued at approximately $485,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NCDL. Farther Finance Advisors LLC boosted its holdings in 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 worth $56,000 after buying an additional 1,745 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Nuveen Churchill Direct Lending in the second quarter worth about $95,000. Catalina Capital Group LLC purchased a new stake in shares of Nuveen Churchill Direct Lending during the 3rd quarter worth about $182,000. Dudley Capital Management LLC purchased a new stake in shares of Nuveen Churchill Direct Lending during the 3rd quarter worth about $204,000. Finally, Beacon Bridge Wealth Partners LLC acquired a new stake in shares of Nuveen Churchill Direct Lending during the 2nd quarter valued at about $226,000.

Nuveen Churchill Direct Lending Trading Up 0.5 %

Shares of Nuveen Churchill Direct Lending stock opened at $17.03 on Friday. Nuveen Churchill Direct Lending Corp. has a twelve month low of $16.00 and a twelve month high of $18.10. The firm’s 50-day moving average price is $17.30 and its 200 day moving average price is $17.44. 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 firm has a market capitalization of $927.90 million and a PE ratio of 7.24.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently declared a — dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Tuesday, December 31st will be paid 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%.

Analyst Upgrades and Downgrades

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

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.