Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Shares Acquired by Tranquility Partners LLC

Tranquility Partners LLC boosted its stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 207.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 48,960 shares of the company’s stock after acquiring an additional 33,035 shares during the quarter. Tranquility Partners LLC owned 0.09% of Nuveen Churchill Direct Lending worth $853,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings 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 during the last quarter. Sunbelt Securities Inc. purchased a new stake in Nuveen Churchill Direct Lending in the 2nd quarter valued at $95,000. Catalina Capital Group LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the 3rd quarter worth $182,000. Dudley Capital Management LLC purchased a new position in shares of Nuveen Churchill Direct Lending during the 3rd quarter worth $204,000. Finally, Beacon Bridge Wealth Partners LLC purchased a new position in shares of Nuveen Churchill Direct Lending during the 2nd quarter worth $226,000.

Analyst Ratings Changes

Separately, Wells Fargo & Company reduced their target price 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.33.

Nuveen Churchill Direct Lending Stock Up 0.8 %

Nuveen Churchill Direct Lending stock opened at $17.19 on Tuesday. The stock has a 50-day simple moving average of $17.35 and a 200-day simple moving average of $17.45. The company has a market capitalization of $936.68 million and a P/E ratio of 7.35. 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 Corp. has a fifty-two week low of $16.00 and a fifty-two week high of $18.10.

Nuveen Churchill Direct Lending Announces Dividend

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

Nuveen Churchill Direct Lending 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.