Short Interest in Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Declines By 21.3%

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 10,631 shares, a drop of 21.3% from the January 15th total of 13,501 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 148,163 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 148,163 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Chicago Atlantic BDC Price Performance

Shares of LIEN traded up $0.04 during midday trading on Friday, reaching $10.25. The stock had a trading volume of 25,100 shares, compared to its average volume of 108,318. The company has a market cap of $233.92 million, a price-to-earnings ratio of 12.97 and a beta of 0.26. The company’s fifty day simple moving average is $10.51 and its two-hundred day simple moving average is $10.55. Chicago Atlantic BDC has a 1-year low of $9.58 and a 1-year high of $12.65.

Chicago Atlantic BDC (NASDAQ:LIEN) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.07. The business had revenue of $15.07 billion during the quarter, compared to the consensus estimate of $13.46 million. Chicago Atlantic BDC had a net margin of 33.72% and a return on equity of 5.80%. On average, sell-side analysts forecast that Chicago Atlantic BDC will post 0.76 earnings per share for the current year.

Institutional Investors Weigh In On Chicago Atlantic BDC

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Triumph Capital Management acquired a new stake in shares of Chicago Atlantic BDC in the fourth quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Chicago Atlantic BDC during the fourth quarter worth approximately $63,000. Mather Group LLC. acquired a new position in shares of Chicago Atlantic BDC during the fourth quarter worth about $106,000. Sage Mountain Advisors LLC acquired a new stake in Chicago Atlantic BDC in the second quarter valued at approximately $106,000. Finally, SteelPeak Wealth LLC purchased a new stake in Chicago Atlantic BDC during the 4th quarter worth $110,000. Institutional investors and hedge funds own 4.36% of the company’s stock.

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.