Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $18.50.

NCDL has been the topic of several research analyst reports. Wells Fargo & Company assumed coverage on shares of Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set an “equal weight” rating and a $18.00 price objective on the stock. UBS Group assumed coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They set a “neutral” rating and a $18.00 price target on the stock. JMP Securities restated a “market outperform” rating and set a $18.50 price target on shares of Nuveen Churchill Direct Lending in a report on Tuesday, March 26th. Keefe, Bruyette & Woods assumed coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They set a “market perform” rating and a $18.50 price target on the stock. Finally, Truist Financial assumed coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They set a “buy” rating and a $19.00 price target on the stock.

Nuveen Churchill Direct Lending Trading Up 0.5 %

NYSE NCDL opened at $17.43 on Wednesday. Nuveen Churchill Direct Lending has a twelve month low of $16.00 and a twelve month high of $18.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.28 and a current ratio of 2.28. The business’s 50 day moving average price is $17.36.

Nuveen Churchill Direct Lending (NYSE:NCDL) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.04. Nuveen Churchill Direct Lending had a net margin of 46.95% and a return on equity of 11.91%. The firm had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $48.40 million. Sell-side analysts forecast that Nuveen Churchill Direct Lending will post 2.23 earnings per share for the current year.

Nuveen Churchill Direct Lending Dividend Announcement

The company also recently declared a — dividend, which will be paid on Monday, April 29th. Shareholders of record on Saturday, March 30th will be issued a dividend of $0.10 per share. This represents a yield of 10.6%. The ex-dividend date is Wednesday, March 27th.

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.