Nuveen Churchill’s chief accounting officer buys $74,913 in stock

Published 06/06/2025, 20:48
Nuveen Churchill’s chief accounting officer buys $74,913 in stock

In a recent transaction, Hassen Marissa, Chief Accounting Officer of Nuveen Churchill Direct Lending Corp. (NASDAQ:NCDL), acquired 4,630 shares of the company’s common stock. The shares were purchased on June 6, 2025, at a price of $16.18 per share, totaling approximately $74,913. Following this acquisition, Marissa’s direct ownership in the company increased to 5,998 shares.The insider purchase comes as NCDL, with its market capitalization of $882 million, maintains a notable dividend yield of ~13%. According to InvestingPro data, the company’s financial health score is currently rated as WEAK, with analysts setting price targets ranging from $14 to $18.50. For deeper insights into NCDL’s financial health and more exclusive tips, explore InvestingPro.

In other recent news, Nuveen Churchill Direct Lending Corp. held its virtual annual shareholder meeting on May 29, 2025. Shareholders were presented with two significant proposals during this meeting. The first proposal involved the election of Class II directors, resulting in Reena Aggarwal and James Ritchie being elected to serve until the 2028 annual meeting. Aggarwal received 25,743,860 votes in favor, while 2,813,214 votes were withheld. Ritchie secured 25,750,097 votes in favor, with 2,806,977 votes withheld. The second proposal aimed to authorize the company to issue shares below the current net asset value per share, contingent on board approval. However, this proposal did not pass, as it failed to receive the necessary votes, with 20,311,635 in favor, 8,031,531 against, and 213,908 abstentions. These recent developments were disclosed in a press release statement.

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