Chicago Atlantic BDC (NASDAQ:LIEN) CIO Scott Gordon Acquires 17,584 Shares of Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon acquired 17,584 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were bought at an average cost of $9.54 per share, for a total transaction of $167,751.36. Following the acquisition, the executive owned 70,908 shares of the company’s stock, valued at $676,462.32. This represents a 32.98% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Scott Gordon also recently made the following trade(s):

• On Wednesday, August 19th, Scott Gordon bought 8,200 shares of Chicago Atlantic BDC stock. The stock was purchased at an average cost of $9.57 per share, for a total transaction of $78,474.00.
• On Monday, August 17th, Scott Gordon acquired 18,300 shares of Chicago Atlantic BDC stock. The stock was acquired at an average cost of $9.54 per share, for a total transaction of $174,582.00.

Chicago Atlantic BDC Price Performance

LIEN stock opened at $9.50 on Thursday. The company’s 50 day simple moving average is $9.75 and its 200-day simple moving average is $9.76. The firm has a market capitalization of $216.79 million, a PE ratio of 6.83 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a 12 month low of $8.92 and a 12 month high of $11.44.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). Chicago Atlantic BDC had a return on equity of 11.66% and a net margin of 52.82%.The company had revenue of $13.97 million for the quarter, compared to analysts’ expectations of $16.23 million. As a group, sell-side analysts anticipate that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current year.

Chicago Atlantic BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 14.3%. The ex-dividend date is Friday, September 25th. Chicago Atlantic BDC’s dividend payout ratio is currently 97.84%.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Chicago Atlantic BDC from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Triumph Capital Management acquired a new position in shares of Chicago Atlantic BDC during the fourth quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. bought a new position in Chicago Atlantic BDC in the 4th quarter valued at about $63,000. Compass Financial Management LLC acquired a new position in Chicago Atlantic BDC during the 2nd quarter valued at about $104,000. Westwood Holdings Group Inc. bought a new stake in shares of Chicago Atlantic BDC during the 2nd quarter worth about $111,000. Finally, XTX Topco Ltd acquired a new stake in shares of Chicago Atlantic BDC in the 2nd quarter worth approximately $112,000. 4.36% of the stock is currently owned by institutional investors.

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.