Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Strong Trading Volume – Here’s Why

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) saw an uptick in trading volume on Tuesday . 75,806 shares changed hands during trading, a decline of 23% from the previous session’s volume of 98,530 shares.The stock last traded at $16.68 and had previously closed at $16.46.

Nuveen Churchill Direct Lending Price Performance

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 company’s 50 day moving average is $17.08 and its 200-day moving average is $17.34. The stock has a market cap of $906.65 million and a PE ratio of 7.11.

Nuveen Churchill Direct Lending Announces Dividend

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

Insider Buying and Selling at Nuveen Churchill Direct Lending

In related news, CEO Kenneth J. Kencel acquired 20,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was bought at an average price of $17.37 per share, for a total transaction of $347,400.00. Following the transaction, the chief executive officer now owns 20,000 shares of the company’s stock, valued at approximately $347,400. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Confluence Investment Management LLC raised its position in shares of Nuveen Churchill Direct Lending by 0.9% during the 3rd quarter. Confluence Investment Management LLC now owns 118,161 shares of the company’s stock valued at $2,058,000 after acquiring an additional 1,076 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of 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. grew its position in Nuveen Churchill Direct Lending by 36.6% in the third quarter. Sunbelt Securities Inc. now owns 7,496 shares of the company’s stock valued at $131,000 after purchasing an additional 2,009 shares in the last quarter. Catalina Capital Group LLC acquired a new position in Nuveen Churchill Direct Lending during the third quarter valued at approximately $182,000. Finally, Marshall Wace LLP increased its stake in shares of Nuveen Churchill Direct Lending by 15.2% during the 2nd quarter. Marshall Wace LLP now owns 79,467 shares of the company’s stock worth $1,383,000 after purchasing an additional 10,493 shares during the last quarter.

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.