Nuveen Churchill Direct Lending (NYSE:NCDL) Sees Unusually-High Trading Volume – Time to Buy?

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) saw an uptick in trading volume on Wednesday . 289,710 shares changed hands during trading, an increase of 2% from the previous session’s volume of 284,104 shares.The stock last traded at $16.52 and had previously closed at $16.41.

Nuveen Churchill Direct Lending Stock Performance

The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.10. The stock’s 50 day moving average price is $17.02 and its two-hundred day moving average price is $17.29. The firm has a market capitalization of $888.67 million and a PE ratio of 6.97.

Nuveen Churchill Direct Lending Dividend Announcement

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

Insider Buying and Selling

In other Nuveen Churchill Direct Lending news, CEO Kenneth J. Kencel bought 20,000 shares of Nuveen Churchill Direct Lending stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average price of $17.35 per share, for a total transaction of $347,000.00. Following the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $173,500. The trade was a -200.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by company insiders.

Institutional Investors Weigh In On Nuveen Churchill Direct Lending

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake 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 valued at $56,000 after purchasing an additional 1,745 shares during the period. Sunbelt Securities Inc. purchased a new stake in Nuveen Churchill Direct Lending in the 2nd quarter worth about $95,000. Catalina Capital Group LLC purchased a new stake in shares of Nuveen Churchill Direct Lending during the 3rd quarter worth about $182,000. Dudley Capital Management LLC acquired a new position in shares of Nuveen Churchill Direct Lending during the 3rd quarter valued at about $204,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of Nuveen Churchill Direct Lending during the 2nd quarter valued at about $257,000.

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.