Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Short Interest Update

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 3,558 shares, a decline of 52.1% from the December 15th total of 7,428 shares. Based on an average daily trading volume, of 41,663 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 41,663 shares, the short-interest ratio is presently 0.1 days.

Chicago Atlantic BDC Stock Performance

Shares of LIEN stock traded up $0.32 during mid-day trading on Wednesday, reaching $10.79. The company’s stock had a trading volume of 42,304 shares, compared to its average volume of 56,756. The firm’s 50-day moving average is $10.57 and its two-hundred day moving average is $10.55. The company has a market cap of $246.23 million, a P/E ratio of 13.66 and a beta of 0.26. Chicago Atlantic BDC has a 1-year low of $9.70 and a 1-year high of $12.65.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.07. The firm had revenue of $15.07 billion during the quarter, compared to analyst estimates of $13.46 million. Chicago Atlantic BDC had a net margin of 33.72% and a return on equity of 5.80%. Sell-side analysts anticipate that Chicago Atlantic BDC will post 0.76 EPS for the current year.

Chicago Atlantic BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 12.6%. Chicago Atlantic BDC’s dividend payout ratio (DPR) is presently 172.15%.

Institutional Investors Weigh In On Chicago Atlantic BDC

A number of hedge funds have recently made changes to their positions in LIEN. Corient Private Wealth LLC acquired a new position in Chicago Atlantic BDC in the second quarter valued at about $2,784,000. Sage Mountain Advisors LLC raised its stake in shares of Chicago Atlantic BDC by 1,913.1% in the third quarter. Sage Mountain Advisors LLC now owns 206,367 shares of the company’s stock valued at $2,167,000 after acquiring an additional 196,116 shares during the last quarter. Black Maple Capital Management LP acquired a new position in shares of Chicago Atlantic BDC in the 2nd quarter worth approximately $1,901,000. Condor Capital Management bought a new stake in Chicago Atlantic BDC during the 2nd quarter worth approximately $1,844,000. Finally, LVM Capital Management Ltd. MI acquired a new stake in Chicago Atlantic BDC during the 4th quarter valued at $1,666,000. Institutional investors and hedge funds own 4.36% of the company’s stock.

About Chicago Atlantic BDC

Chicago Atlantic BDC (NASDAQ:LIEN) is a closed-end management investment company organized as a business development company (BDC). It focuses on providing debt and equity financing solutions to U.S. middle-market companies that demonstrate strong growth potential. Through its public listing, the company offers investors exposure to a diversified portfolio of private credit and equity investments aimed at delivering attractive risk-adjusted returns.

The company’s investment strategy centers on structuring customized credit facilities, including senior secured loans, unitranche loans, mezzanine debt and equity co-investments.