Chicago Atlantic BDC (NASDAQ:LIEN) Issues Earnings Results, Beats Estimates By $0.07 EPS

Chicago Atlantic BDC (NASDAQ:LIEN) released its quarterly earnings results on Thursday. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.35 by $0.07, Zacks reports. Chicago Atlantic BDC had a net margin of 21.50% and a return on equity of 3.25%.

Chicago Atlantic BDC Stock Performance

LIEN traded up $0.24 during trading on Thursday, reaching $10.28. The company had a trading volume of 8,865 shares, compared to its average volume of 30,146. The firm’s 50-day simple moving average is $10.50 and its 200 day simple moving average is $10.41. The company has a market cap of $234.59 million, a price-to-earnings ratio of 27.78 and a beta of 0.27. Chicago Atlantic BDC has a 12-month low of $9.70 and a 12-month high of $13.24.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Chicago Atlantic BDC to a “hold” rating in a research report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Chicago Atlantic BDC currently has an average rating of “Hold”.

Hedge Funds Weigh In On Chicago Atlantic BDC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LIEN. Westwood Holdings Group Inc. acquired a new stake in Chicago Atlantic BDC during the 2nd quarter valued at $111,000. Corient Private Wealth LLC acquired a new position in Chicago Atlantic BDC during the second quarter valued at $2,784,000. Northeast Financial Consultants Inc acquired a new position in Chicago Atlantic BDC during the second quarter valued at $851,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Chicago Atlantic BDC in the 2nd quarter worth about $619,000. Finally, XTX Topco Ltd acquired a new stake in Chicago Atlantic BDC during the 2nd quarter worth about $112,000. Institutional investors and hedge funds own 4.36% of the company’s stock.

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.