Dudley Capital Management LLC Invests $204,000 in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL)

Dudley Capital Management LLC acquired a new position in shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,714 shares of the company’s stock, valued at approximately $204,000.

Several other large investors have also bought and sold shares of the business. Farther Finance Advisors LLC increased its position in Nuveen Churchill Direct Lending by 119.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,201 shares of the company’s stock worth $56,000 after purchasing an additional 1,745 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Nuveen Churchill Direct Lending during the second quarter worth $95,000. Wealth Enhancement Advisory Services LLC lifted its stake 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 acquiring an additional 8,705 shares during the last quarter. Catalina Capital Group LLC acquired a new stake in shares of Nuveen Churchill Direct Lending during the 3rd quarter valued at $182,000. Finally, Marshall Wace LLP increased its holdings in Nuveen Churchill Direct Lending by 15.2% in the 2nd quarter. Marshall Wace LLP now owns 79,467 shares of the company’s stock worth $1,383,000 after purchasing an additional 10,493 shares in the last quarter.

Nuveen Churchill Direct Lending Stock Performance

Shares of Nuveen Churchill Direct Lending stock opened at $17.08 on Friday. The stock has a fifty day simple moving average of $17.42 and a 200 day simple moving average of $17.47. Nuveen Churchill Direct Lending Corp. has a 12-month low of $16.00 and a 12-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 posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. Nuveen Churchill Direct Lending had a net margin of 50.23% and a return on equity of 12.70%. The firm had revenue of $55.09 million during the quarter, compared to analyst estimates of $54.30 million. Sell-side analysts expect that Nuveen Churchill Direct Lending Corp. will post 2.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company cut 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 research 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 stock. According to data from MarketBeat.com, Nuveen Churchill Direct Lending presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.33.

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.