Sage Mountain Advisors LLC Purchases 196,116 Shares of Chicago Atlantic BDC, Inc. $LIEN

Sage Mountain Advisors LLC raised its holdings in shares of Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) by 1,913.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 206,367 shares of the company’s stock after purchasing an additional 196,116 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Chicago Atlantic BDC were worth $2,167,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Bernardo Wealth Planning LLC bought a new stake in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $106,000. Westwood Holdings Group Inc. bought a new position in Chicago Atlantic BDC in the 2nd quarter valued at $111,000. XTX Topco Ltd purchased a new stake in Chicago Atlantic BDC in the second quarter worth $112,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of Chicago Atlantic BDC during the second quarter worth $129,000. Finally, Gladstone Institutional Advisory LLC bought a new stake in shares of Chicago Atlantic BDC during the third quarter worth $136,000. 4.36% of the stock is currently owned by hedge funds and other institutional investors.

Chicago Atlantic BDC Trading Down 1.1%

Shares of LIEN opened at $10.31 on Tuesday. The firm has a fifty day moving average price of $10.61 and a 200-day moving average price of $10.56. The firm has a market capitalization of $235.27 million, a P/E ratio of 13.05 and a beta of 0.26. Chicago Atlantic BDC, Inc. has a 12-month low of $9.70 and a 12-month high of $12.65.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. The company had revenue of $15.07 billion during the quarter, compared to analyst estimates of $13.46 million. Chicago Atlantic BDC had a net margin of 33.72% and a return on equity of 5.80%. Analysts predict that Chicago Atlantic BDC, Inc. will post 0.76 earnings per share for the current 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 issued a $0.34 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.2%. Chicago Atlantic BDC’s payout ratio is presently 172.15%.

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.