Chicago Atlantic BDC (NASDAQ:LIEN) Major Shareholder John Mazarakis Purchases 60,000 Shares of Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) major shareholder John Mazarakis bought 60,000 shares of the stock in a transaction on Monday, August 17th. The shares were bought at an average price of $9.44 per share, for a total transaction of $566,400.00. Following the completion of the transaction, the insider directly owned 60,000 shares of the company’s stock, valued at $566,400. This trade represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Chicago Atlantic BDC Stock Performance

Shares of LIEN opened at $9.78 on Friday. The stock has a fifty day moving average of $9.74 and a two-hundred day moving average of $9.75. Chicago Atlantic BDC, Inc. has a fifty-two week low of $8.92 and a fifty-two week high of $11.44. The company has a market capitalization of $223.19 million, a PE ratio of 7.04 and a beta of 0.28.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). Chicago Atlantic BDC had a net margin of 52.82% and a return on equity of 11.66%. The company had revenue of $13.97 million during the quarter, compared to analyst estimates of $16.23 million. As a group, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 13.9%. The ex-dividend date of this dividend is Friday, September 25th. Chicago Atlantic BDC’s payout ratio is 97.84%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $112,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Chicago Atlantic BDC in the second quarter valued at $619,000. Northeast Financial Consultants Inc bought a new stake in shares of Chicago Atlantic BDC during the second quarter valued at approximately $851,000. Corient Private Wealth LLC bought a new position in shares of Chicago Atlantic BDC during the second quarter valued at approximately $2,784,000. Finally, Westwood Holdings Group Inc. bought a new position in shares of Chicago Atlantic BDC in the second quarter worth approximately $111,000. 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.