Chicago Atlantic BDC (NASDAQ:LIEN) CIO Acquires $174,582.00 in Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon acquired 18,300 shares of Chicago Atlantic BDC stock in a transaction that occurred on Monday, August 17th. The shares were purchased at an average cost of $9.54 per share, for a total transaction of $174,582.00. Following the purchase, the executive directly owned 53,324 shares in the company, valued at $508,710.96. The trade was a 52.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, August 19th, Scott Gordon bought 8,200 shares of Chicago Atlantic BDC stock. The stock was purchased at an average cost of $9.57 per share, with a total value of $78,474.00.
• On Tuesday, August 18th, Scott Gordon bought 17,584 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $9.54 per share, for a total transaction of $167,751.36.

Chicago Atlantic BDC Price Performance

Shares of NASDAQ LIEN traded down $0.12 during midday trading on Wednesday, reaching $9.50. 77,671 shares of the stock were exchanged, compared to its average volume of 72,077. Chicago Atlantic BDC, Inc. has a 12 month low of $8.92 and a 12 month high of $11.44. The company has a market capitalization of $216.79 million, a price-to-earnings ratio of 6.83 and a beta of 0.28. The business has a 50-day simple moving average of $9.75 and a two-hundred day simple moving average of $9.77.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). The firm had revenue of $13.97 million during the quarter, compared to the consensus estimate of $16.23 million. Chicago Atlantic BDC had a net margin of 52.82% and a return on equity of 11.66%. Equities research analysts expect that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 14.3%. The ex-dividend date is Friday, September 25th. Chicago Atlantic BDC’s dividend payout ratio is 97.84%.

Institutional Trading of Chicago Atlantic BDC

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Triumph Capital Management bought a new position in Chicago Atlantic BDC in the fourth quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. bought a new position in Chicago Atlantic BDC during the 4th quarter worth $63,000. Compass Financial Management LLC acquired a new stake in shares of Chicago Atlantic BDC during the second quarter worth $104,000. Westwood Holdings Group Inc. bought a new stake in shares of Chicago Atlantic BDC in the second quarter valued at about $111,000. Finally, XTX Topco Ltd acquired a new position in shares of Chicago Atlantic BDC in the second quarter valued at about $112,000. Institutional investors own 4.36% of the company’s stock.

Analyst Ratings Changes

Separately, Zacks Research lowered Chicago Atlantic BDC from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Chicago Atlantic BDC presently has an average rating of “Hold”.

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.