Scott Gordon Buys 1,520 Shares of Chicago Atlantic BDC (NASDAQ:LIEN) Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon acquired 1,520 shares of Chicago Atlantic BDC stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average price of $10.11 per share, with a total value of $15,367.20. Following the purchase, the executive owned 88,323 shares in the company, valued at $892,945.53. This represents a 1.75% increase in their ownership of the stock. The purchase 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 Thursday, August 20th, Scott Gordon bought 7,500 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $9.70 per share, with a total value of $72,750.00.
• On Friday, August 21st, Scott Gordon bought 195 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $9.95 per share, with a total value of $1,940.25.
• On Wednesday, August 19th, Scott Gordon purchased 8,200 shares of Chicago Atlantic BDC stock. The stock was purchased at an average cost of $9.57 per share, for a total transaction of $78,474.00.
• On Tuesday, August 18th, Scott Gordon purchased 17,584 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost 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 price of $9.54 per share, with a total value of $174,582.00.

Chicago Atlantic BDC Price Performance

Chicago Atlantic BDC stock opened at $10.19 on Wednesday. Chicago Atlantic BDC, Inc. has a 1-year low of $8.92 and a 1-year high of $11.44. The business has a fifty day moving average price of $9.75 and a 200-day moving average price of $9.75. The stock has a market capitalization of $232.54 million, a price-to-earnings ratio of 7.33 and a beta of 0.28.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its earnings results on Wednesday, August 12th. 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 business had revenue of $13.97 million for the quarter, compared to analyst estimates of $16.23 million. On average, equities research analysts anticipate that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

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 paid a $0.34 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.36 dividend on an annualized basis and a yield of 13.3%. Chicago Atlantic BDC’s dividend payout ratio (DPR) is 97.84%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Chicago Atlantic BDC

A number of institutional investors and hedge funds have recently modified their holdings of LIEN. Triumph Capital Management acquired a new position in Chicago Atlantic BDC in the 4th quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Chicago Atlantic BDC in the 4th quarter valued at $63,000. Compass Financial Management LLC acquired a new stake in shares of Chicago Atlantic BDC in the second quarter worth $104,000. Westwood Holdings Group Inc. purchased a new position in shares of Chicago Atlantic BDC during the second quarter worth $111,000. Finally, XTX Topco Ltd purchased a new position in shares of Chicago Atlantic BDC during the second quarter worth $112,000. Institutional investors and hedge funds 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.