Chicago Atlantic BDC (NASDAQ:LIEN) CIO Purchases $72,750.00 in Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon purchased 7,500 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was acquired at an average price of $9.70 per share, with a total value of $72,750.00. Following the completion of the acquisition, the executive directly owned 86,608 shares in the company, valued at $840,097.60. The trade was a 9.48% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, August 24th, Scott Gordon purchased 1,520 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $10.11 per share, for a total transaction of $15,367.20.
• On Friday, August 21st, Scott Gordon acquired 195 shares of Chicago Atlantic BDC stock. The shares were acquired at an average price of $9.95 per share, for a total transaction of $1,940.25.
• On Wednesday, August 19th, Scott Gordon acquired 8,200 shares of Chicago Atlantic BDC stock. The stock was acquired 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 acquired at an average price of $9.54 per share, with a total value of $167,751.36.
• On Monday, August 17th, Scott Gordon bought 18,300 shares of Chicago Atlantic BDC stock. The stock was acquired at an average price of $9.54 per share, with a total value of $174,582.00.

Chicago Atlantic BDC Trading Down 0.4%

NASDAQ LIEN opened at $10.15 on Thursday. The business’s 50-day moving average price is $9.75 and its 200 day moving average price is $9.75. Chicago Atlantic BDC, Inc. has a twelve month low of $8.92 and a twelve month high of $11.44. The company has a market capitalization of $231.62 million, a PE ratio of 7.30 and a beta of 0.28.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.34 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 business had revenue of $13.97 million during the quarter, compared to analysts’ expectations of $16.23 million. Equities analysts predict that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current year.

Chicago Atlantic BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.36 annualized dividend and a dividend yield of 13.4%. Chicago Atlantic BDC’s dividend payout ratio (DPR) is currently 97.84%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Chicago Atlantic BDC

Institutional investors have recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new stake in Chicago Atlantic BDC during the fourth quarter worth about $32,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Chicago Atlantic BDC in the 4th quarter valued at about $63,000. Compass Financial Management LLC acquired a new position in shares of Chicago Atlantic BDC in the 2nd quarter valued at about $104,000. Westwood Holdings Group Inc. purchased a new stake in shares of Chicago Atlantic BDC during the 2nd quarter worth about $111,000. Finally, XTX Topco Ltd purchased a new stake in shares of Chicago Atlantic BDC during the 2nd quarter worth about $112,000. Hedge funds and other institutional investors own 4.36% of the company’s stock.

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.