Scott Gordon Acquires 2,483 Shares of Chicago Atlantic BDC (NASDAQ:LIEN) Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon purchased 2,483 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was bought at an average cost of $10.15 per share, with a total value of $25,202.45. Following the completion of the acquisition, the executive directly owned 91,056 shares of the company’s stock, valued at $924,218.40. This trade represents a 2.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, August 27th, Scott Gordon acquired 5,000 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $10.19 per share, for a total transaction of $50,950.00.
• On Tuesday, August 25th, Scott Gordon bought 250 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $10.12 per share, with a total value of $2,530.00.
• 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 Monday, August 24th, Scott Gordon bought 1,520 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $10.11 per share, with a total value of $15,367.20.
• On Friday, August 21st, Scott Gordon purchased 195 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $9.95 per share, for a total transaction of $1,940.25.
• On Wednesday, August 19th, Scott Gordon purchased 8,200 shares of Chicago Atlantic BDC stock. The shares were purchased at an average price 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 purchased 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 stock was purchased at an average cost of $9.54 per share, with a total value of $174,582.00.

Chicago Atlantic BDC Stock Performance

Shares of Chicago Atlantic BDC stock opened at $10.20 on Friday. The firm has a 50-day simple moving average of $9.75 and a two-hundred day simple moving average of $9.75. The company has a market cap of $232.76 million, a P/E ratio of 7.34 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a fifty-two week low of $8.92 and a fifty-two week high of $11.44.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted 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 return on equity of 11.66% and a net margin of 52.82%.The firm had revenue of $13.97 million for the quarter, compared to analysts’ expectations of $16.23 million. Equities research analysts forecast that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current year.

Chicago Atlantic BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given a dividend of $0.34 per share. 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 is currently 97.84%.

Hedge Funds Weigh In On Chicago Atlantic BDC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC grew its position in shares of Chicago Atlantic BDC by 9.9% in the fourth quarter. Corient Private Wealth LLC now owns 382,865 shares of the company’s stock valued at $3,955,000 after purchasing an additional 34,423 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Chicago Atlantic BDC by 227.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 195,884 shares of the company’s stock worth $2,057,000 after purchasing an additional 136,110 shares during the last quarter. Corient Private Wealth LP acquired a new position in shares of Chicago Atlantic BDC during the 2nd quarter worth about $1,845,000. Partners Capital Investment Group LLP purchased a new position in Chicago Atlantic BDC in the 2nd quarter valued at about $1,420,000. Finally, Northeast Financial Consultants Inc purchased a new position in Chicago Atlantic BDC in the 2nd quarter valued at about $851,000. 4.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Zacks Research cut 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”.

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.