Chicago Atlantic BDC (NASDAQ:LIEN) CIO Acquires $167,751.36 in Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon purchased 17,584 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were purchased at an average cost of $9.54 per share, with a total value of $167,751.36. Following the transaction, the executive directly owned 70,908 shares in the company, valued at $676,462.32. This trade represents a 32.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, August 19th, Scott Gordon acquired 8,200 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $9.57 per share, for a total transaction of $78,474.00.
• On Monday, August 17th, Scott Gordon acquired 18,300 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $9.54 per share, with a total value of $174,582.00.

Chicago Atlantic BDC Trading Up 2.4%

Shares of NASDAQ:LIEN opened at $10.01 on Friday. The company has a 50-day moving average price of $9.74 and a 200-day moving average price of $9.76. The company has a market cap of $228.43 million, a price-to-earnings ratio of 7.20 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a 12 month low of $8.92 and a 12 month 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 (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). The business had revenue of $13.97 million during the quarter, compared to the consensus estimate of $16.23 million. Chicago Atlantic BDC had a return on equity of 11.66% and a net margin of 52.82%. As a group, research analysts forecast that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.6%. The ex-dividend date is Friday, September 25th. Chicago Atlantic BDC’s dividend payout ratio (DPR) is currently 97.84%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LIEN. Triumph Capital Management bought a new stake in shares of Chicago Atlantic BDC during the fourth quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. bought a new position in Chicago Atlantic BDC in the fourth quarter worth $63,000. Compass Financial Management LLC purchased a new position in Chicago Atlantic BDC during the second quarter valued at $104,000. Westwood Holdings Group Inc. purchased a new position in Chicago Atlantic BDC during the second quarter valued at $111,000. Finally, XTX Topco Ltd bought a new stake in shares of Chicago Atlantic BDC during the 2nd quarter valued at $112,000. Institutional investors own 4.36% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.