Chicago Atlantic BDC (NASDAQ:LIEN) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Chicago Atlantic BDC (NASDAQ:LIEN) announced its quarterly earnings data on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08, Zacks reports. Chicago Atlantic BDC had a net margin of 33.24% and a return on equity of 5.88%. The company had revenue of $16.70 million for the quarter, compared to analysts’ expectations of $14.31 million.

Here are the key takeaways from Chicago Atlantic BDC’s conference call:

• Chicago Atlantic BDC reported record first-quarter 2026 net investment income of $10 million, or $0.44 per share, supported by strong originations and higher interest and fee income.
• The company funded a record $93.9 million across seven portfolio companies, including three new borrowers, expanding the portfolio to its largest level in company history.
• Management highlighted a $0.34 quarterly dividend, marking the seventh consecutive quarter at that payout level, which they said reflects the durability of the business model.
• The portfolio remains conservatively structured, with 100% senior-secured debt, no non-accruals, and only 0.18x debt-to-equity leverage, leaving room for additional borrowing capacity.
• Executives said the April DOJ move to reschedule state-licensed medical cannabis to Schedule III could improve borrower cash flow and credit quality, while potentially boosting M&A and capital markets activity in the industry.

Chicago Atlantic BDC Stock Down 0.6%

Chicago Atlantic BDC stock traded down $0.06 during mid-day trading on Friday, hitting $9.77. The company’s stock had a trading volume of 63,152 shares, compared to its average volume of 72,055. The stock has a market capitalization of $222.97 million, a P/E ratio of 12.26 and a beta of 0.25. Chicago Atlantic BDC has a twelve month low of $8.92 and a twelve month high of $11.44. The stock’s fifty day moving average price is $9.54 and its two-hundred day moving average price is $10.13.

Chicago Atlantic BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a $0.34 dividend. The ex-dividend date is Friday, June 26th. This represents a $1.36 annualized dividend and a yield of 13.9%. Chicago Atlantic BDC’s payout ratio is 170.00%.

Hedge Funds Weigh In On Chicago Atlantic BDC

Hedge funds have recently modified their holdings of the stock. Triumph Capital Management purchased a new position in Chicago Atlantic BDC in the 4th quarter worth about $32,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Chicago Atlantic BDC during the fourth quarter valued at about $63,000. Westwood Holdings Group Inc. acquired a new position in shares of Chicago Atlantic BDC in the second quarter worth about $111,000. Millennium Management LLC increased its position in shares of Chicago Atlantic BDC by 172.3% in the third quarter. Millennium Management LLC now owns 48,547 shares of the company’s stock worth $510,000 after acquiring an additional 30,718 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new position in shares of Chicago Atlantic BDC in the second quarter worth approximately $2,784,000. 4.36% of the stock is currently owned by institutional investors and hedge funds.

Chicago Atlantic BDC Company Profile

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.