Chicago Atlantic BDC (NASDAQ:LIEN) Stock Rating Lowered by Zacks Research

Chicago Atlantic BDC (NASDAQ:LIEN) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Chicago Atlantic BDC Trading Down 0.1%

LIEN stock opened at $9.88 on Monday. The firm has a 50-day moving average of $9.85 and a two-hundred day moving average of $9.94. Chicago Atlantic BDC has a 12 month low of $8.92 and a 12 month high of $11.44. The company has a market cap of $225.46 million, a price-to-earnings ratio of 6.59 and a beta of 0.27.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. The firm had revenue of $16.70 million for the quarter, compared to the consensus estimate of $14.31 million. Chicago Atlantic BDC had a return on equity of 11.67% and a net margin of 57.88%. As a group, equities analysts forecast that Chicago Atlantic BDC will post 1.64 earnings per share for the current year.

Institutional Trading of Chicago Atlantic BDC

A number of institutional investors have recently bought and sold shares of LIEN. Triumph Capital Management purchased a new position in Chicago Atlantic BDC in the fourth quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Chicago Atlantic BDC in the fourth quarter valued at approximately $63,000. Mather Group LLC. acquired a new stake in shares of Chicago Atlantic BDC in the fourth quarter valued at approximately $106,000. SteelPeak Wealth LLC purchased a new position in shares of Chicago Atlantic BDC during the fourth quarter worth approximately $110,000. Finally, Westwood Holdings Group Inc. acquired a new position in shares of Chicago Atlantic BDC in the 2nd quarter valued at $111,000. 4.36% of the stock is owned by hedge funds and other institutional investors.

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.