Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Holdings Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 94.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 751,442 shares of the company’s stock after buying an additional 364,739 shares during the quarter. JPMorgan Chase & Co.’s holdings in Nuveen Churchill Direct Lending were worth $12,609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Aprio Wealth Management LLC lifted its position in Nuveen Churchill Direct Lending by 104.1% in the 4th quarter. Aprio Wealth Management LLC now owns 111,604 shares of the company’s stock valued at $1,873,000 after purchasing an additional 56,916 shares during the last quarter. Procyon Advisors LLC increased its stake in shares of Nuveen Churchill Direct Lending by 67.6% in the fourth quarter. Procyon Advisors LLC now owns 63,704 shares of the company’s stock valued at $1,069,000 after purchasing an additional 25,699 shares during the period. Modera Wealth Management LLC bought a new stake in shares of Nuveen Churchill Direct Lending during the fourth quarter valued at approximately $275,000. Dover Advisors LLC bought a new stake in shares of Nuveen Churchill Direct Lending during the fourth quarter valued at approximately $260,000. Finally, GraniteShares Advisors LLC acquired a new position in shares of Nuveen Churchill Direct Lending during the fourth quarter worth approximately $2,469,000.

Nuveen Churchill Direct Lending Stock Down 0.3 %

Nuveen Churchill Direct Lending stock opened at $14.63 on Monday. Nuveen Churchill Direct Lending Corp. has a 52 week low of $14.21 and a 52 week high of $18.05. The stock has a market cap of $760.17 million, a price-to-earnings ratio of 6.25 and a beta of 0.37. The company’s 50-day moving average price is $16.97 and its two-hundred day moving average price is $17.03. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.10.

Nuveen Churchill Direct Lending Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their target price on Nuveen Churchill Direct Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th.

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.