Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Receives $18.50 Average Price Target from Brokerages

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $18.50.

A number of brokerages recently commented on NCDL. UBS Group initiated coverage on Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They issued a “neutral” rating and a $18.00 target price on the stock. Bank of America began coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a “buy” rating and a $19.00 price objective on the stock. Wells Fargo & Company initiated coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set an “equal weight” rating and a $18.00 target price for the company. Truist Financial started coverage on Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set a “buy” rating and a $19.00 price target on the stock. Finally, Keefe, Bruyette & Woods assumed coverage on Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued a “market perform” rating and a $18.50 price objective for the company.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nuveen Churchill Direct Lending stock. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,995 shares of the company’s stock, valued at approximately $506,000. Hennion & Walsh Asset Management Inc. owned approximately 0.05% of Nuveen Churchill Direct Lending as of its most recent SEC filing.

Nuveen Churchill Direct Lending Stock Performance

NYSE:NCDL opened at $17.55 on Friday. The firm has a 50-day moving average price of $17.38. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.26. Nuveen Churchill Direct Lending has a fifty-two week low of $16.00 and a fifty-two week high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. The company had revenue of $48.95 million during the quarter, compared to analysts’ expectations of $48.40 million. Nuveen Churchill Direct Lending had a return on equity of 11.91% and a net margin of 46.95%. On average, sell-side analysts predict that Nuveen Churchill Direct Lending will post 2.23 earnings per share for the current fiscal year.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently declared a — dividend, which will be paid on Monday, April 28th. Investors of record on Wednesday, February 12th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, February 12th. This represents a dividend yield of 10.3%.

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.