Chicago Atlantic BDC (NASDAQ:LIEN) CIO Scott Gordon Buys 8,200 Shares of Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon bought 8,200 shares of Chicago Atlantic BDC stock in a transaction that occurred on Wednesday, August 19th. The stock was bought at an average price of $9.57 per share, with a total value of $78,474.00. Following the purchase, the executive owned 79,108 shares of the company’s stock, valued at $757,063.56. This trade represents a 11.56% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, August 18th, Scott Gordon purchased 17,584 shares of Chicago Atlantic BDC stock. The shares were acquired at an average price of $9.54 per share, for a total transaction of $167,751.36.
• On Monday, August 17th, Scott Gordon acquired 18,300 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $9.54 per share, with a total value of $174,582.00.

Chicago Atlantic BDC Trading Down 1.2%

NASDAQ LIEN opened at $9.50 on Thursday. The stock’s 50 day moving average is $9.75 and its two-hundred day moving average is $9.76. The company has a market capitalization of $216.79 million, a price-to-earnings ratio of 6.83 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a 1-year low of $8.92 and a 1-year high of $11.44.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its earnings results on Thursday, August 13th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 11.66% and a net margin of 52.82%. On average, analysts predict that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current year.

Chicago Atlantic BDC Dividend Announcement

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

Institutional Investors Weigh In On Chicago Atlantic BDC

A number of hedge funds have recently modified their holdings of LIEN. Corient Private Wealth LLC raised its holdings in Chicago Atlantic BDC by 9.9% during the 4th quarter. Corient Private Wealth LLC now owns 382,865 shares of the company’s stock worth $3,955,000 after buying an additional 34,423 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Chicago Atlantic BDC by 227.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 195,884 shares of the company’s stock valued at $2,057,000 after buying an additional 136,110 shares during the period. Corient Private Wealth LP acquired a new position in shares of Chicago Atlantic BDC in the second quarter valued at approximately $1,845,000. Partners Capital Investment Group LLP bought a new stake in shares of Chicago Atlantic BDC during the second quarter worth $1,420,000. Finally, Northeast Financial Consultants Inc bought a new stake in shares of Chicago Atlantic BDC during the second quarter worth $851,000. Institutional investors and hedge funds own 4.36% of the company’s stock.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Hold rating, According to MarketBeat, Chicago Atlantic BDC has an average rating of “Hold”.

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.