Cubist Systematic Strategies LLC Cuts Stock Holdings in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Cubist Systematic Strategies LLC trimmed its holdings in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 33.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,111 shares of the company’s stock after selling 1,550 shares during the period. Cubist Systematic Strategies LLC’s holdings in Nuveen Churchill Direct Lending were worth $54,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of Nuveen Churchill Direct Lending during the 2nd quarter worth $543,000. Ariadne Wealth Management LP bought a new stake in Nuveen Churchill Direct Lending in the 2nd quarter valued at about $520,000. Hennion & Walsh Asset Management Inc. raised its stake in Nuveen Churchill Direct Lending by 182.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 79,018 shares of the company’s stock valued at $1,375,000 after acquiring an additional 51,023 shares during the period. Acadian Asset Management LLC bought a new stake in Nuveen Churchill Direct Lending in the 2nd quarter valued at about $871,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Nuveen Churchill Direct Lending by 50.1% in 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 period.

Analyst Ratings Changes

Separately, Wells Fargo & Company lowered their price objective on 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.33.

Nuveen Churchill Direct Lending Stock Up 0.1 %

Shares of NCDL opened at $17.52 on Thursday. The business’s 50-day moving average price is $17.46 and its 200-day moving average price is $17.53. Nuveen Churchill Direct Lending Corp. has a twelve month low of $16.00 and a twelve month high of $18.10. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.03.

Nuveen Churchill Direct Lending (NYSE:NCDL) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. Nuveen Churchill Direct Lending had a return on equity of 12.70% and a net margin of 50.23%. The firm had revenue of $55.09 million for the quarter, compared to analysts’ expectations of $54.30 million. On average, analysts predict that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current year.

Nuveen Churchill Direct Lending Announces Dividend

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

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.