Chicago Atlantic BDC (NASDAQ:LIEN) CIO Purchases $78,474.00 in Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon acquired 8,200 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were purchased at an average price of $9.57 per share, for a total transaction of $78,474.00. Following the purchase, the executive directly owned 79,108 shares of the company’s stock, valued at $757,063.56. This represents a 11.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, August 18th, Scott Gordon bought 17,584 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $9.54 per share, with a total value of $167,751.36.
• On Monday, August 17th, Scott Gordon bought 18,300 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $9.54 per share, with a total value of $174,582.00.

Chicago Atlantic BDC Trading Up 2.4%

Shares of NASDAQ LIEN opened at $10.01 on Friday. The company has a market capitalization of $228.43 million, a price-to-earnings ratio of 7.20 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a twelve month low of $8.92 and a twelve month high of $11.44. The business has a 50 day simple moving average of $9.74 and a 200-day simple moving average of $9.76.

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

Chicago Atlantic BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.6%. The ex-dividend date of this dividend is Friday, September 25th. Chicago Atlantic BDC’s dividend payout ratio is 97.84%.

Analysts Set New Price Targets

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

Institutional Trading of Chicago Atlantic BDC

Several hedge funds have recently made changes to their positions in LIEN. Corient Private Wealth LLC acquired a new position in Chicago Atlantic BDC during the 2nd quarter valued at approximately $2,784,000. Corient Private Wealth LP acquired a new stake in Chicago Atlantic BDC in the second quarter worth $1,845,000. Partners Capital Investment Group LLP acquired a new stake in Chicago Atlantic BDC in the second quarter worth $1,420,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Chicago Atlantic BDC by 227.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 195,884 shares of the company’s stock worth $2,057,000 after buying an additional 136,110 shares during the period. Finally, Northeast Financial Consultants Inc bought a new stake in Chicago Atlantic BDC in the second quarter valued at $851,000. Institutional investors 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.