Short Interest in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Expands By 48.9%

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 115,100 shares, an increase of 48.9% from the January 31st total of 77,300 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 295,600 shares, the days-to-cover ratio is presently 0.4 days.

Nuveen Churchill Direct Lending Stock Performance

NYSE NCDL traded down $0.12 during trading hours on Tuesday, hitting $17.29. 188,518 shares of the stock were exchanged, compared to its average volume of 131,189. Nuveen Churchill Direct Lending has a 12-month low of $16.11 and a 12-month high of $18.10. The stock has a 50-day moving average of $17.10 and a 200 day moving average of $17.23. The company has a market cap of $941.79 million and a price-to-earnings ratio of 7.39. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.10.

Nuveen Churchill Direct Lending Announces Dividend

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

Institutional Trading of Nuveen Churchill Direct Lending

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in Nuveen Churchill Direct Lending by 1,045,043.2% in the third quarter. JPMorgan Chase & Co. now owns 386,703 shares of the company’s stock valued at $6,736,000 after acquiring an additional 386,666 shares during the period. Millennium Management LLC increased its holdings in shares of Nuveen Churchill Direct Lending by 361.6% in the 4th quarter. Millennium Management LLC now owns 437,992 shares of the company’s stock valued at $7,350,000 after purchasing an additional 343,113 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Nuveen Churchill Direct Lending in the fourth quarter valued at about $4,798,000. Wells Fargo & Company MN boosted its holdings in Nuveen Churchill Direct Lending by 2,468.4% during the fourth quarter. Wells Fargo & Company MN now owns 267,709 shares of the company’s stock worth $4,492,000 after buying an additional 257,286 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in Nuveen Churchill Direct Lending by 9.5% during the fourth quarter. Corient Private Wealth LLC now owns 2,712,348 shares of the company’s stock worth $45,513,000 after buying an additional 234,395 shares in the last quarter.

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.