Chicago Atlantic BDC, Inc. (NASDAQ:LIEN – Get Free Report) CIO Scott Gordon purchased 2,483 shares of the stock in a transaction on Wednesday, August 26th. The shares were acquired at an average price of $10.15 per share, for a total transaction of $25,202.45. Following the transaction, the executive directly owned 91,056 shares of the company’s stock, valued at $924,218.40. This represents a 2.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was acquired at an average cost of $10.19 per share, for a total transaction of $50,950.00.
- On Tuesday, August 25th, Scott Gordon acquired 250 shares of Chicago Atlantic BDC stock. The stock was acquired at an average price of $10.12 per share, with a total value of $2,530.00.
- On Thursday, August 20th, Scott Gordon bought 7,500 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $9.70 per share, with a total value of $72,750.00.
- On Monday, August 24th, Scott Gordon bought 1,520 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $10.11 per share, with a total value of $15,367.20.
- On Friday, August 21st, Scott Gordon bought 195 shares of Chicago Atlantic BDC stock. The shares were acquired at an average price of $9.95 per share, for a total transaction of $1,940.25.
- On Wednesday, August 19th, Scott Gordon purchased 8,200 shares of Chicago Atlantic BDC stock. The stock was bought at an average cost of $9.57 per share, for a total transaction of $78,474.00.
- On Tuesday, August 18th, Scott Gordon purchased 17,584 shares of Chicago Atlantic BDC stock. The stock was bought at an average cost of $9.54 per share, with a total value of $167,751.36.
- On Monday, August 17th, Scott Gordon purchased 18,300 shares of Chicago Atlantic BDC stock. The stock was bought at an average cost of $9.54 per share, with a total value of $174,582.00.
Chicago Atlantic BDC Stock Performance
Shares of LIEN traded down $0.01 during mid-day trading on Thursday, hitting $10.14. 27,124 shares of the company were exchanged, compared to its average volume of 71,720. The stock has a market cap of $231.40 million, a price-to-earnings 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. The company has a 50 day moving average of $9.75 and a 200-day moving average of $9.75.
Chicago Atlantic BDC Announces Dividend
The company 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. This represents a $1.36 annualized dividend and a yield of 13.4%. The ex-dividend date of this dividend is Friday, September 25th. Chicago Atlantic BDC’s dividend payout ratio is currently 97.84%.
Wall Street Analysts Forecast Growth
Separately, Zacks Research cut shares of Chicago Atlantic BDC from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.
Get Our Latest Stock Report on Chicago Atlantic BDC
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in LIEN. Compass Financial Management LLC purchased a new stake in shares of Chicago Atlantic BDC in the second quarter valued at approximately $104,000. Triumph Capital Management lifted its position in Chicago Atlantic BDC by 56.2% during the second quarter. Triumph Capital Management now owns 6,725 shares of the company’s stock worth $66,000 after buying an additional 2,420 shares in the last quarter. Corient Private Wealth LP purchased a new position in Chicago Atlantic BDC during the second quarter worth approximately $1,845,000. Partners Capital Investment Group LLP acquired a new position in Chicago Atlantic BDC during the second quarter worth $1,420,000. Finally, BlackRock Inc. acquired a new position in Chicago Atlantic BDC during the second quarter worth $728,000. 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.
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