Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Short Interest Down 31.7% in July

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 79,289 shares, a decrease of 31.7% from the June 30th total of 116,091 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 74,335 shares, the short-interest ratio is presently 1.1 days.

Chicago Atlantic BDC Trading Down 1.1%

LIEN opened at $9.24 on Friday. Chicago Atlantic BDC has a 1 year low of $8.92 and a 1 year high of $11.44. The stock has a market cap of $210.86 million, a PE ratio of 6.16 and a beta of 0.27. The stock’s 50 day simple moving average is $9.85 and its 200-day simple moving average is $9.86.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08. Chicago Atlantic BDC had a net margin of 57.88% and a return on equity of 11.67%. The firm had revenue of $16.70 million during the quarter, compared to analyst estimates of $14.31 million. Equities analysts forecast that Chicago Atlantic BDC will post 1.64 earnings per share for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $1.36 annualized dividend and a dividend yield of 14.7%. Chicago Atlantic BDC’s dividend payout ratio (DPR) is presently 90.67%.

Institutional Investors Weigh In On Chicago Atlantic BDC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LIEN. Triumph Capital Management acquired a new stake in shares of Chicago Atlantic BDC in the fourth quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Chicago Atlantic BDC in the 4th quarter valued at $63,000. SteelPeak Wealth LLC acquired a new position in Chicago Atlantic BDC in the fourth quarter valued at about $110,000. Westwood Holdings Group Inc. acquired a new stake in shares of Chicago Atlantic BDC in the 2nd quarter valued at approximately $111,000. Finally, XTX Topco Ltd bought 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.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded 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 MarketBeat.com, the company has a consensus 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.