Farther Finance Advisors LLC Grows Holdings in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Farther Finance Advisors LLC raised its stake in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) by 119.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,201 shares of the company’s stock after purchasing an additional 1,745 shares during the period. Farther Finance Advisors LLC’s holdings in Nuveen Churchill Direct Lending were worth $56,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NCDL. Confluence Investment Management LLC increased its position in shares of 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 worth $2,037,000 after purchasing an additional 14,068 shares during the last quarter. Aprio Wealth Management LLC bought a new stake in shares of Nuveen Churchill Direct Lending in the 2nd quarter worth about $272,000. Opal Wealth Advisors LLC bought a new stake in shares of Nuveen Churchill Direct Lending in the 2nd quarter worth about $1,192,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of 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 buying an additional 8,705 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of 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 buying an additional 51,023 shares during the period.

Nuveen Churchill Direct Lending Trading Up 0.6 %

Nuveen Churchill Direct Lending stock opened at $17.08 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.69 and a debt-to-equity ratio of 1.10. The firm has a 50-day moving average price of $17.37 and a two-hundred day moving average price of $17.46. The firm has a market capitalization of $930.62 million and a price-to-earnings ratio of 7.29. Nuveen Churchill Direct Lending Corp. has a 52-week low of $16.00 and a 52-week high of $18.10.

Nuveen Churchill Direct Lending Announces Dividend

The company also recently announced a — dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.10 per share. This represents a yield of 10.5%. The ex-dividend date of this dividend is Tuesday, December 31st. Nuveen Churchill Direct Lending’s payout ratio is 76.92%.

Analyst Ratings Changes

Separately, Wells Fargo & Company decreased their price target on shares of Nuveen Churchill Direct Lending from $18.00 to $17.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.33.

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.