Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Unusually-High Trading Volume – Here’s What Happened

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) shares saw unusually-high trading volume on Monday . Approximately 261,060 shares changed hands during mid-day trading, an increase of 193% from the previous session’s volume of 88,985 shares.The stock last traded at $17.20 and had previously closed at $17.31.

Nuveen Churchill Direct Lending Stock Performance

The firm has a market cap of $933.35 million and a price-to-earnings ratio of 7.36. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.10. The stock has a 50 day moving average of $17.18 and a 200 day moving average of $17.41.

Nuveen Churchill Direct Lending Dividend Announcement

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

Insider Activity at Nuveen Churchill Direct Lending

In other Nuveen Churchill Direct Lending news, CEO Kenneth J. Kencel bought 20,000 shares of Nuveen Churchill Direct Lending stock in a transaction on Monday, December 2nd. The shares were purchased at an average price of $17.37 per share, with a total value of $347,400.00. Following the acquisition, the chief executive officer now owns 20,000 shares in the company, valued at $347,400. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Nuveen Churchill Direct Lending

Institutional investors have recently modified their holdings of the business. Confluence Investment Management LLC boosted its stake in Nuveen Churchill Direct Lending by 0.9% in the third quarter. Confluence Investment Management LLC now owns 118,161 shares of the company’s stock valued at $2,058,000 after buying an additional 1,076 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Nuveen Churchill Direct Lending by 119.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,201 shares of the company’s stock valued at $56,000 after purchasing an additional 1,745 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Nuveen Churchill Direct Lending by 36.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,496 shares of the company’s stock valued at $131,000 after purchasing an additional 2,009 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of 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 purchasing an additional 8,705 shares during the last quarter. Finally, Catalina Capital Group LLC acquired a new position in Nuveen Churchill Direct Lending during the 3rd quarter worth approximately $182,000.

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.