Scott Gordon Purchases 5,000 Shares of Chicago Atlantic BDC (NASDAQ:LIEN) Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon purchased 5,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were bought at an average cost of $10.19 per share, for a total transaction of $50,950.00. Following the completion of the purchase, the executive owned 96,056 shares in the company, valued at approximately $978,810.64. This trade represents a 5.49% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, August 26th, Scott Gordon purchased 2,483 shares of Chicago Atlantic BDC stock. The stock was bought at an average price of $10.15 per share, with a total value of $25,202.45.
• On Tuesday, August 25th, Scott Gordon acquired 250 shares of Chicago Atlantic BDC stock. The stock was bought at an average price of $10.12 per share, with a total value of $2,530.00.
• On Thursday, August 20th, Scott Gordon acquired 7,500 shares of Chicago Atlantic BDC stock. The shares were bought at an average cost of $9.70 per share, for a total transaction of $72,750.00.
• On Monday, August 24th, Scott Gordon acquired 1,520 shares of Chicago Atlantic BDC stock. The shares were bought at an average cost of $10.11 per share, for a total transaction of $15,367.20.
• On Friday, August 21st, Scott Gordon bought 195 shares of Chicago Atlantic BDC stock. The shares were bought at an average price of $9.95 per share, for a total transaction of $1,940.25.
• On Wednesday, August 19th, Scott Gordon bought 8,200 shares of Chicago Atlantic BDC stock. The shares were bought at an average price of $9.57 per share, for a total transaction of $78,474.00.
• On Tuesday, August 18th, Scott Gordon bought 17,584 shares of Chicago Atlantic BDC stock. The stock was bought at an average cost 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 shares were bought at an average price of $9.54 per share, with a total value of $174,582.00.

Chicago Atlantic BDC Trading Up 0.6%

LIEN stock opened at $10.20 on Friday. The firm has a 50 day moving average of $9.75 and a 200-day moving average of $9.75. The company has a market cap of $232.76 million, a price-to-earnings ratio of 7.34 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 released its quarterly earnings results on Wednesday, August 12th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). Chicago Atlantic BDC had a return on equity of 11.66% and a net margin of 52.82%.The firm had revenue of $13.97 million during the quarter, compared to analyst estimates of $16.23 million. Sell-side analysts forecast that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Friday, September 25th. Chicago Atlantic BDC’s payout ratio is presently 97.84%.

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, According to MarketBeat, Chicago Atlantic BDC has a consensus rating of “Hold”.

Institutional Trading of Chicago Atlantic BDC

Several institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC purchased a new position in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $2,784,000. Corient Private Wealth LP acquired a new position in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $1,845,000. Partners Capital Investment Group LLP purchased a new stake in Chicago Atlantic BDC in the 2nd quarter valued at approximately $1,420,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Chicago Atlantic BDC by 227.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 195,884 shares of the company’s stock valued at $2,057,000 after buying an additional 136,110 shares in the last quarter. Finally, Northeast Financial Consultants Inc acquired a new stake in Chicago Atlantic BDC during the 2nd quarter valued at $851,000. Hedge funds and other 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.