Mount Yale Investment Advisors LLC Makes New Investment in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Mount Yale Investment Advisors LLC bought a new stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,790 shares of the company’s stock, valued at approximately $257,000.

Several other hedge funds have also made changes to their positions in NCDL. Wealth Enhancement Advisory Services LLC raised its stake in Nuveen Churchill Direct Lending by 50.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 26,091 shares of the company’s stock valued at $454,000 after acquiring an additional 8,705 shares during the last quarter. Beacon Bridge Wealth Partners LLC acquired a new stake in shares of Nuveen Churchill Direct Lending during the second quarter worth $226,000. Confluence Investment Management LLC grew its position in Nuveen Churchill Direct Lending by 13.7% in the 2nd quarter. Confluence Investment Management LLC now owns 117,085 shares of the company’s stock valued at $2,037,000 after buying an additional 14,068 shares during the last quarter. Aprio Wealth Management LLC acquired a new position in Nuveen Churchill Direct Lending in the 2nd quarter valued at $272,000. Finally, Tranquility Partners LLC purchased a new position in Nuveen Churchill Direct Lending during the 2nd quarter worth $277,000.

Analyst Ratings Changes

Separately, Wells Fargo & Company lowered 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 report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.33.

Nuveen Churchill Direct Lending Stock Down 0.1 %

Shares of NYSE NCDL opened at $17.70 on Wednesday. The company’s fifty day moving average is $17.45 and its two-hundred day moving average is $17.54. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.21 and a current ratio of 1.21. Nuveen Churchill Direct Lending Corp. has a one year low of $16.00 and a one year high of $18.10.

Nuveen Churchill Direct Lending (NYSE:NCDL) last issued its earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The company had revenue of $55.09 million for the quarter, compared to analyst estimates of $54.30 million. Nuveen Churchill Direct Lending had a net margin of 50.23% and a return on equity of 12.70%. As a group, equities analysts forecast that Nuveen Churchill Direct Lending Corp. will post 2.28 EPS for the current year.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently announced a — dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, September 30th. This represents a yield of 10.3%.

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.