Chicago Atlantic BDC (NASDAQ:LIEN) CIO Scott Gordon Purchases 8,200 Shares

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon purchased 8,200 shares of the stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average price of $9.57 per share, with a total value of $78,474.00. Following the transaction, the executive directly owned 79,108 shares of the company’s stock, valued at approximately $757,063.56. The trade was a 11.56% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, August 18th, Scott Gordon purchased 17,584 shares of Chicago Atlantic BDC stock. The shares were acquired at an average price 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 acquired at an average cost of $9.54 per share, with a total value of $174,582.00.

Chicago Atlantic BDC Price Performance

Shares of NASDAQ LIEN traded down $0.12 during midday trading on Wednesday, reaching $9.50. 77,671 shares of the company traded hands, compared to its average volume of 72,077. Chicago Atlantic BDC, Inc. has a 52 week low of $8.92 and a 52 week high of $11.44. The stock has a 50-day moving average price of $9.75 and a 200 day moving average price of $9.77. The company has a market cap of $216.79 million, a price-to-earnings ratio of 6.83 and a beta of 0.28.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its earnings results on Thursday, August 13th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.06). The company had revenue of $13.97 million for the quarter, compared to analyst estimates of $16.23 million. Chicago Atlantic BDC had a net margin of 52.82% and a return on equity of 11.66%. As a group, analysts expect that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current year.

Chicago Atlantic BDC Announces Dividend

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

Institutional Trading of Chicago Atlantic BDC

Several institutional investors and hedge funds have recently added to or reduced their stakes in LIEN. Triumph Capital Management bought a new stake in Chicago Atlantic BDC during the fourth quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Chicago Atlantic BDC during the 4th quarter valued at $63,000. Compass Financial Management LLC acquired a new position in shares of Chicago Atlantic BDC in the 2nd quarter worth $104,000. Westwood Holdings Group Inc. acquired a new position in shares of Chicago Atlantic BDC in the 2nd quarter worth $111,000. Finally, XTX Topco Ltd purchased a new stake in shares of Chicago Atlantic BDC during the second quarter valued at $112,000. 4.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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