Catalina Capital Group LLC Invests in Nuveen Churchill Direct Lending Corp.

Catalina Capital Group LLC has made a notable investment in Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) during the third quarter, as disclosed in its latest Form 13F filing with the Securities and Exchange Commission. The firm acquired a new position by purchasing 10,449 shares of the company, with the investment amounting to approximately $182,000.

In addition to Catalina Capital's investment, other institutional investors have been active in modifying their positions in Nuveen Churchill Direct Lending. For instance, Farther Finance Advisors LLC increased its holdings in the company by 119.8% during the same quarter. As a result, Farther Finance now owns 3,201 shares valued at about $56,000, following the acquisition of an additional 1,745 shares.

Moreover, Sunbelt Securities Inc. established a new investment position in Nuveen Churchill during the second quarter, valued at $95,000. Wealth Enhancement Advisory Services LLC also expanded its stake in the company by 50.1% in the second quarter, bringing its total to 26,091 shares worth $454,000 after purchasing an additional 8,705 shares. Furthermore, Marshall Wace LLP increased its stake by 15.2% during the second quarter, resulting in ownership of 79,467 shares valued at $1,383,000 after acquiring another 10,493 shares. Lastly, Beacon Bridge Wealth Partners LLC initiated a new position in the second quarter valued at approximately $226,000.

Stock Performance Overview

The stock of Nuveen Churchill Direct Lending opened at $17.08 on the latest trading day. Over the past year, the shares have seen a low of $16.00 and a high of $18.10. The company maintains a quick ratio of 1.21, with a current ratio also at 1.21 and a debt-to-equity ratio of 1.03. Their 50-day moving average price stands at $17.42, while the 200-day average price is $17.47.

On August 7, Nuveen Churchill Direct Lending released its quarterly earnings report, revealing earnings per share (EPS) of $0.57, aligning precisely with market consensus. The company reported revenue of $55.09 million, exceeding the estimated revenue of $54.30 million. Their net margin stood at 50.23%, with a return on equity of 12.70%. Analysts predict that the company will achieve earnings of 2.28 per share for the current fiscal year.

Analyst Ratings Update

In related news, Wells Fargo & Company revised its price target for Nuveen Churchill Direct Lending, reducing it from $18.00 to $17.00, while also assigning an 'equal weight' rating on the stock. At present, three equities analysts have rated the stock as a hold, while three others issued buy ratings. According to MarketBeat.com, the consensus rating for Nuveen Churchill Direct Lending is 'Moderate Buy,' with an average target price of $18.33.

About Nuveen Churchill Direct Lending

Nuveen Churchill Direct Lending Corp. operates as a specialty finance company primarily focused on investing in senior secured loans aimed at private equity-owned middle market companies across the United States. The company is based in New York and has chosen to be regulated as a business development firm.

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