Chicago Atlantic BDC (NASDAQ:LIEN) CIO Scott Gordon Buys 1,520 Shares of Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon acquired 1,520 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was purchased at an average cost of $10.11 per share, with a total value of $15,367.20. Following the transaction, the executive owned 88,323 shares in the company, valued at approximately $892,945.53. This trade represents a 1.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, August 21st, Scott Gordon bought 195 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $9.95 per share, with a total value of $1,940.25.
• On Wednesday, August 19th, Scott Gordon purchased 8,200 shares of Chicago Atlantic BDC stock. The shares were acquired at an average price of $9.57 per share, with a total value of $78,474.00.
• On Tuesday, August 18th, Scott Gordon purchased 17,584 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $9.54 per share, for a total transaction of $167,751.36.
• On Monday, August 17th, Scott Gordon acquired 18,300 shares of Chicago Atlantic BDC stock. The stock was acquired at an average price of $9.54 per share, for a total transaction of $174,582.00.

Chicago Atlantic BDC Trading Up 1.4%

Shares of LIEN traded up $0.14 during mid-day trading on Monday, reaching $10.15. The company’s stock had a trading volume of 80,406 shares, compared to its average volume of 72,479. Chicago Atlantic BDC, Inc. has a 1-year low of $8.92 and a 1-year high of $11.44. The business has a 50-day simple moving average of $9.74 and a two-hundred day simple moving average of $9.75. The stock has a market cap of $231.63 million, a P/E ratio of 7.30 and a beta of 0.28.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its earnings results on Thursday, August 13th. The company reported $0.34 earnings per share 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 business had revenue of $13.97 million for the quarter, compared to analyst estimates of $16.23 million. Research analysts anticipate that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current year.

Chicago Atlantic BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date is Friday, September 25th. Chicago Atlantic BDC’s dividend payout ratio (DPR) is currently 97.84%.

Institutional Investors Weigh In On Chicago Atlantic BDC

Institutional investors have recently modified their holdings of the business. Triumph Capital Management raised its stake in Chicago Atlantic BDC by 56.2% in the 2nd quarter. Triumph Capital Management now owns 6,725 shares of the company’s stock worth $66,000 after purchasing an additional 2,420 shares in the last quarter. Corient Private Wealth LP bought a new stake in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $1,845,000. Compass Financial Management LLC acquired a new stake in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $104,000. BlackRock Inc. bought a new position in Chicago Atlantic BDC in the second quarter valued at approximately $728,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Chicago Atlantic BDC during the fourth quarter valued at approximately $63,000. Institutional investors own 4.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.