Chicago Atlantic BDC (NASDAQ:LIEN) Major Shareholder John Mazarakis Purchases 60,000 Shares of Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) major shareholder John Mazarakis bought 60,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was purchased at an average price of $9.44 per share, with a total value of $566,400.00. Following the completion of the transaction, the insider directly owned 60,000 shares of the company’s stock, valued at approximately $566,400. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Chicago Atlantic BDC Price Performance

Chicago Atlantic BDC stock opened at $9.50 on Thursday. The business has a 50 day moving average of $9.75 and a 200-day moving average of $9.76. The company has a market capitalization of $216.79 million, a P/E ratio of 6.83 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 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 the consensus estimate of $16.23 million. Equities analysts anticipate that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current year.

Chicago Atlantic BDC Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Chicago Atlantic BDC

Large investors have recently modified their holdings of the company. Corient Private Wealth LLC raised its stake in Chicago Atlantic BDC by 9.9% during the fourth quarter. Corient Private Wealth LLC now owns 382,865 shares of the company’s stock worth $3,955,000 after buying an additional 34,423 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Chicago Atlantic BDC by 227.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 195,884 shares of the company’s stock worth $2,057,000 after acquiring an additional 136,110 shares during the period. Corient Private Wealth LP acquired a new stake in Chicago Atlantic BDC during the 2nd quarter worth about $1,845,000. Partners Capital Investment Group LLP bought a new position in shares of Chicago Atlantic BDC in the 2nd quarter worth about $1,420,000. Finally, Northeast Financial Consultants Inc bought a new position in shares of Chicago Atlantic BDC in the 2nd quarter worth about $851,000. 4.36% of the stock is currently 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.