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Kenneth J. Kencel, the CEO and President of Nuveen Churchill Direct Lending Corp. (NASDAQ:NCDL), has purchased a significant amount of the company’s common stock. According to a recent SEC filing, Kencel acquired a total of 16,234 shares on May 12, 2025, at a price of $15.3378 per share. The total value of the transaction is approximately $248,993. The purchase comes as NCDL, with a market capitalization of $840 million, offers an attractive dividend yield of ~14% according to InvestingPro data.
The shares were acquired indirectly, with ownership attributed to both his spouse and a trust. Following these transactions, Kencel holds a substantial number of shares both directly and indirectly, reflecting his confidence in the company’s future. While InvestingPro data indicates a weak overall financial health score, analyst price targets range from $14 to $18.50, suggesting mixed market sentiment. Unlock comprehensive insider trading analysis and additional financial insights with an InvestingPro subscription.
In other recent news, Nuveen Churchill Direct Lending Corp. announced the immediate resignation of Michael Perry from its Board of Directors. The resignation was noted in a recent filing with the Securities and Exchange Commission (SEC) and took effect on Monday. Following Perry’s departure, the company decided to reduce the number of directors on its Board from seven to six. This decision was made by the remaining Board members, and no disagreements were cited as the reason for Perry’s resignation. The SEC filing, made public on February 14, 2025, did not provide further details on the circumstances of Perry’s resignation or plans to fill the vacant Board seat. The company’s operations, policies, and practices remain unaffected, as no issues were raised by Perry at the time of his departure. Investors and stakeholders are closely monitoring the company’s governance and any potential implications this change may have. The SEC document was signed by Kenneth J. Kencel, Chief Executive Officer and President of Nuveen Churchill Direct Lending Corp.
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