Chicago Atlantic BDC (NASDAQ:LIEN) Issues Quarterly Earnings Results

Chicago Atlantic BDC (NASDAQ:LIEN) announced its quarterly earnings results on Thursday. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.08, Zacks reports. The business had revenue of $16.70 million during the quarter, compared to analysts’ expectations of $14.31 million. Chicago Atlantic BDC had a net margin of 33.24% and a return on equity of 5.88%.

Here are the key takeaways from Chicago Atlantic BDC’s conference call:

• Chicago Atlantic BDC reported record first-quarter 2026 net investment income of $10 million, or $0.44 per share, supported by strong originations and higher interest and fee income.
• The company funded a record $93.9 million across seven portfolio companies, including three new borrowers, expanding the portfolio to its largest level in company history.
• Management highlighted a $0.34 quarterly dividend, marking the seventh consecutive quarter at that payout level, which they said reflects the durability of the business model.
• The portfolio remains conservatively structured, with 100% senior-secured debt, no non-accruals, and only 0.18x debt-to-equity leverage, leaving room for additional borrowing capacity.
• Executives said the April DOJ move to reschedule state-licensed medical cannabis to Schedule III could improve borrower cash flow and credit quality, while potentially boosting M&A and capital markets activity in the industry.

Chicago Atlantic BDC Trading Up 8.4%

Chicago Atlantic BDC stock opened at $9.83 on Friday. The firm has a market cap of $224.32 million, a P/E ratio of 12.29 and a beta of 0.25. Chicago Atlantic BDC has a 1-year low of $8.92 and a 1-year high of $11.44. The firm has a 50-day moving average of $9.54 and a 200-day moving average of $10.13.

Chicago Atlantic BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Monday, March 30th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date was Monday, March 30th. Chicago Atlantic BDC’s dividend payout ratio is currently 170.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LIEN. Corient Private Wealth LLC boosted its position in shares of Chicago Atlantic BDC by 9.9% during the fourth quarter. Corient Private Wealth LLC now owns 382,865 shares of the company’s stock valued at $3,955,000 after purchasing an additional 34,423 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Chicago Atlantic BDC by 227.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 195,884 shares of the company’s stock worth $2,057,000 after purchasing an additional 136,110 shares in the last quarter. Northeast Financial Consultants Inc bought a new position in Chicago Atlantic BDC in the second quarter worth $851,000. Millennium Management LLC lifted its position in Chicago Atlantic BDC by 172.3% during the third quarter. Millennium Management LLC now owns 48,547 shares of the company’s stock valued at $510,000 after buying an additional 30,718 shares during the period. Finally, XTX Topco Ltd purchased a new position in Chicago Atlantic BDC during the second quarter valued at $112,000. Institutional investors own 4.36% of the company’s stock.

Chicago Atlantic BDC Company Profile

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.