Chicago Atlantic BDC (NASDAQ:LIEN) CIO Purchases 2,483 Shares

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon purchased 2,483 shares of the stock in a transaction dated Wednesday, August 26th. The shares were purchased at an average cost of $10.15 per share, for a total transaction of $25,202.45. Following the transaction, the executive owned 91,056 shares in the company, valued at approximately $924,218.40. The trade was a 2.80% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, August 27th, Scott Gordon acquired 5,000 shares of Chicago Atlantic BDC stock. The shares were purchased at an average price of $10.19 per share, with a total value of $50,950.00.
• On Tuesday, August 25th, Scott Gordon bought 250 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $10.12 per share, for a total transaction of $2,530.00.
• On Thursday, August 20th, Scott Gordon bought 7,500 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $9.70 per share, for a total transaction of $72,750.00.
• On Monday, August 24th, Scott Gordon purchased 1,520 shares of Chicago Atlantic BDC stock. The stock was purchased at an average cost of $10.11 per share, with a total value of $15,367.20.
• On Friday, August 21st, Scott Gordon purchased 195 shares of Chicago Atlantic BDC stock. The stock was purchased at an average cost 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 purchased 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 purchased 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 Down 0.1%

Chicago Atlantic BDC stock traded down $0.01 during mid-day trading on Thursday, hitting $10.14. The company’s stock had a trading volume of 27,124 shares, compared to its average volume of 71,720. The stock’s fifty day moving average is $9.75 and its two-hundred day moving average is $9.75. The firm has a market capitalization of $231.40 million, a PE ratio of 7.30 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a 1 year low of $8.92 and a 1 year high of $11.44.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its earnings results on Wednesday, August 12th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). Chicago Atlantic BDC had a net margin of 52.82% and a return on equity of 11.66%. The business had revenue of $13.97 million during the quarter, compared to analysts’ expectations of $16.23 million. On average, equities analysts expect that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The business also recently disclosed 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 13.4%. The ex-dividend date is Friday, September 25th. Chicago Atlantic BDC’s payout ratio is 97.84%.

Analyst Ratings Changes

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 research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LIEN. Partners Capital Investment Group LLP acquired a new stake in Chicago Atlantic BDC in the 2nd quarter valued at about $1,420,000. Triumph Capital Management boosted its stake in shares of Chicago Atlantic BDC by 56.2% in the 2nd quarter. Triumph Capital Management now owns 6,725 shares of the company’s stock valued at $66,000 after buying an additional 2,420 shares during the period. Corient Private Wealth LP acquired a new position in shares of Chicago Atlantic BDC during the second quarter worth about $1,845,000. Compass Financial Management LLC purchased a new stake in shares of Chicago Atlantic BDC during the second quarter worth approximately $104,000. Finally, BlackRock Inc. purchased a new stake in shares of Chicago Atlantic BDC during the second quarter worth approximately $728,000. 4.36% of the stock is owned by institutional investors and hedge funds.

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.