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

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $18.50.

NCDL has been the subject of a number of research reports. JMP Securities reaffirmed a “market outperform” rating and set a $18.50 price target on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, March 26th. UBS Group began coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They issued a “neutral” rating and a $18.00 price target on the stock. Wells Fargo & Company assumed coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued an “equal weight” rating and a $18.00 price target for the company. Truist Financial initiated coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued a “buy” rating and a $19.00 target price on the stock. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They set a “market perform” rating and a $18.50 target price for the company.

Nuveen Churchill Direct Lending Stock Performance

NYSE NCDL opened at $17.55 on Friday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average price of $17.38. Nuveen Churchill Direct Lending has a 52 week low of $16.00 and a 52 week high of $18.10.

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

Nuveen Churchill Direct Lending Announces Dividend

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

Institutional Inflows and Outflows

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

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.