Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Sees Significant Increase in Short Interest

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 27,855 shares, an increase of 100.5% from the April 15th total of 13,895 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 67,578 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Chicago Atlantic BDC

A number of hedge funds and other institutional investors have recently made changes to their positions in LIEN. Sowell Financial Services LLC bought a new position in Chicago Atlantic BDC during the 4th quarter valued at $4,940,000. Corient Private Wealth LLC raised its stake in shares of Chicago Atlantic BDC by 9.9% in the 4th quarter. Corient Private Wealth LLC now owns 382,865 shares of the company’s stock valued at $3,955,000 after purchasing an additional 34,423 shares in the last quarter. Sage Mountain Advisors LLC raised its stake 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 valued at $2,769,000 after purchasing an additional 61,721 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Chicago Atlantic BDC by 227.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 195,884 shares of the company’s stock worth $2,057,000 after purchasing an additional 136,110 shares during the last quarter. Finally, Condor Capital Management grew its stake in Chicago Atlantic BDC by 3.1% in the third quarter. Condor Capital Management now owns 183,705 shares of the company’s stock worth $1,929,000 after purchasing an additional 5,567 shares in the last quarter. Institutional investors own 4.36% of the company’s stock.

Chicago Atlantic BDC Stock Performance

Shares of NASDAQ LIEN traded down $0.13 during midday trading on Friday, reaching $9.70. 80,652 shares of the company’s stock were exchanged, compared to its average volume of 65,050. Chicago Atlantic BDC has a 52-week low of $8.92 and a 52-week high of $11.44. The business’s fifty day moving average price is $9.54 and its two-hundred day moving average price is $10.12. The stock has a market capitalization of $221.35 million, a PE ratio of 6.47 and a beta of 0.25.

Chicago Atlantic BDC (NASDAQ:LIEN) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. Chicago Atlantic BDC had a return on equity of 11.67% and a net margin of 57.88%.The firm had revenue of $16.70 million during the quarter, compared to the consensus estimate of $14.31 million. Analysts predict that Chicago Atlantic BDC will post 1.64 earnings per share for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 14.0%. The ex-dividend date is Friday, June 26th. Chicago Atlantic BDC’s dividend payout ratio is 90.67%.

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.