Short Interest in Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Grows By 279.5%

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 13,501 shares, an increase of 279.5% from the December 31st total of 3,558 shares. Based on an average trading volume of 53,967 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 53,967 shares, the days-to-cover ratio is currently 0.3 days.

Chicago Atlantic BDC Price Performance

Shares of Chicago Atlantic BDC stock traded down $0.06 on Friday, hitting $10.49. 78,640 shares of the company’s stock traded hands, compared to its average volume of 102,267. The firm’s 50-day moving average price is $10.65 and its two-hundred day moving average price is $10.56. The stock has a market capitalization of $239.38 million, a PE ratio of 13.28 and a beta of 0.26. Chicago Atlantic BDC has a one year low of $9.58 and a one year high of $12.65.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. Chicago Atlantic BDC had a return on equity of 5.80% and a net margin of 33.72%.The business had revenue of $15.07 billion during the quarter, compared to analysts’ expectations of $13.46 million. On average, analysts forecast that Chicago Atlantic BDC will post 0.76 earnings per share for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date was Wednesday, December 31st. Chicago Atlantic BDC’s dividend payout ratio (DPR) is currently 172.15%.

Institutional Investors Weigh In On Chicago Atlantic BDC

Several large investors have recently bought and sold shares of LIEN. Condor Capital Management lifted its holdings in Chicago Atlantic BDC by 3.1% during the third quarter. Condor Capital Management now owns 183,705 shares of the company’s stock worth $1,929,000 after acquiring an additional 5,567 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Chicago Atlantic BDC during the fourth quarter worth about $106,000. Sage Mountain Advisors LLC bought a new position in shares of Chicago Atlantic BDC during the 2nd quarter valued at about $106,000. SteelPeak Wealth LLC acquired a new position in shares of Chicago Atlantic BDC in the 4th quarter valued at approximately $110,000. Finally, Bernardo Wealth Planning LLC acquired a new position in shares of Chicago Atlantic BDC in the 2nd quarter valued at approximately $106,000. 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.