Short Interest in Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Increases By 279.5%

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 13,501 shares, an increase of 279.5% from the December 31st total of 3,558 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 53,967 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 53,967 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LIEN. Sage Mountain Advisors LLC lifted its holdings in shares of Chicago Atlantic BDC by 29.9% in the 4th quarter. Sage Mountain Advisors LLC now owns 268,088 shares of the company’s stock worth $2,769,000 after purchasing an additional 61,721 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Chicago Atlantic BDC in the fourth quarter worth $4,940,000. SteelPeak Wealth LLC acquired a new stake in Chicago Atlantic BDC in the fourth quarter worth $110,000. Mather Group LLC. bought a new stake in Chicago Atlantic BDC in the fourth quarter valued at $106,000. Finally, LVM Capital Management Ltd. MI acquired a new position in shares of Chicago Atlantic BDC during the fourth quarter valued at $1,666,000. Institutional investors and hedge funds own 4.36% of the company’s stock.

Chicago Atlantic BDC Trading Up 1.3%

LIEN stock traded up $0.14 during trading on Wednesday, reaching $10.71. The stock had a trading volume of 85,811 shares, compared to its average volume of 106,128. The firm has a fifty day moving average price of $10.65 and a 200 day moving average price of $10.56. The company has a market capitalization of $244.40 million, a P/E ratio of 13.56 and a beta of 0.26. Chicago Atlantic BDC has a 1-year low of $9.58 and a 1-year high of $12.65.

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

Chicago Atlantic BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.34 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.36 annualized dividend and a yield of 12.7%. Chicago Atlantic BDC’s dividend payout ratio is presently 172.15%.

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.