Chicago Atlantic BDC (NASDAQ:LIEN) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer initiated coverage on shares of Chicago Atlantic BDC (NASDAQ:LIEN) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The brokerage issued a market perform rating on the stock.

Chicago Atlantic BDC Price Performance

Shares of LIEN opened at $10.28 on Tuesday. The stock’s 50-day moving average is $11.43. The firm has a market cap of $234.59 million, a P/E ratio of 15.58 and a beta of 0.27. Chicago Atlantic BDC has a fifty-two week low of $9.71 and a fifty-two week high of $13.38.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its quarterly earnings results on Monday, March 31st. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. Chicago Atlantic BDC had a return on equity of 3.80% and a net margin of 32.69%. The company had revenue of $12.65 million during the quarter, compared to analysts’ expectations of $11.00 million. As a group, analysts predict that Chicago Atlantic BDC will post 0.76 earnings per share for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $1.36 annualized dividend and a yield of 13.23%. Chicago Atlantic BDC’s dividend payout ratio is presently 222.95%.

Chicago Atlantic BDC Company Profile

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.