Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Insider Umesh Mahajan Buys 1,000 Shares

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) insider Umesh Mahajan purchased 1,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average price of $10.30 per share, with a total value of $10,300.00. Following the completion of the transaction, the insider now owns 2,712 shares of the company’s stock, valued at $27,933.60. The trade was a 58.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Umesh Mahajan also recently made the following trade(s):

• On Thursday, June 5th, Umesh Mahajan purchased 1,112 shares of Chicago Atlantic BDC stock. The stock was bought at an average price of $10.23 per share, with a total value of $11,375.76.
• On Thursday, April 10th, Umesh Mahajan purchased 600 shares of Chicago Atlantic BDC stock. The stock was bought at an average price of $10.74 per share, with a total value of $6,444.00.

Chicago Atlantic BDC Trading Up 3.2%

NASDAQ:LIEN opened at $10.06 on Wednesday. Chicago Atlantic BDC, Inc. has a twelve month low of $9.70 and a twelve month high of $13.38. The company has a market cap of $229.57 million, a price-to-earnings ratio of 15.24 and a beta of 0.25. The stock has a fifty day simple moving average of $10.35 and a 200-day simple moving average of $11.37.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its earnings results on Wednesday, May 14th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.68). Chicago Atlantic BDC had a return on equity of 3.80% and a net margin of 32.69%. The business had revenue of $11.92 million for the quarter, compared to the consensus estimate of $10.70 million. As a group, equities research analysts predict that Chicago Atlantic BDC, Inc. will post 0.76 EPS for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, June 27th. This represents a $1.36 annualized dividend and a dividend yield of 13.52%. Chicago Atlantic BDC’s dividend payout ratio (DPR) is 680.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Oppenheimer assumed coverage on Chicago Atlantic BDC in a research report on Tuesday, April 22nd. They issued a “market perform” rating for the company. Redburn Atlantic upgraded Chicago Atlantic BDC to a “hold” rating in a research report on Tuesday, April 22nd.

About Chicago Atlantic BDC

Chicago Atlantic BDC Inc is a specialty finance company which has elected to be regulated as a business development company. Its investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a primary focus on cannabis companies.