Short Interest in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Expands By 48.9%

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 115,100 shares, a growth of 48.9% from the January 31st total of 77,300 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 295,600 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Confluence Investment Management LLC lifted its stake in shares of Nuveen Churchill Direct Lending by 0.9% in the 3rd quarter. Confluence Investment Management LLC now owns 118,161 shares of the company’s stock valued at $2,058,000 after purchasing an additional 1,076 shares during the last quarter. Bellevue Asset Management LLC purchased a new stake in Nuveen Churchill Direct Lending during the 4th quarter valued at $28,000. Farther Finance Advisors LLC lifted its position in 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 worth $56,000 after buying an additional 1,745 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in Nuveen Churchill Direct Lending by 36.6% during the third quarter. Sunbelt Securities Inc. now owns 7,496 shares of the company’s stock worth $131,000 after buying an additional 2,009 shares during the period. Finally, Catalina Capital Group LLC increased its position in Nuveen Churchill Direct Lending by 26.2% during the fourth quarter. Catalina Capital Group LLC now owns 13,184 shares of the company’s stock valued at $221,000 after acquiring an additional 2,735 shares during the last quarter.

Nuveen Churchill Direct Lending Trading Down 0.7 %

NCDL stock opened at $17.29 on Wednesday. The firm has a market cap of $941.79 million and a PE ratio of 7.39. The firm has a fifty day moving average price of $17.11 and a 200 day moving average price of $17.23. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.69 and a current ratio of 1.69. Nuveen Churchill Direct Lending has a fifty-two week low of $16.11 and a fifty-two week high of $18.10.

Nuveen Churchill Direct Lending Announces Dividend

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

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.