Chicago Atlantic BDC (NASDAQ:LIEN) CIO Scott Gordon Purchases 17,584 Shares of Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon acquired 17,584 shares of Chicago Atlantic BDC stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average cost of $9.54 per share, for a total transaction of $167,751.36. Following the purchase, the executive directly owned 70,908 shares in the company, valued at $676,462.32. The trade was a 32.98% increase in their ownership of the stock. The acquisition 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 Wednesday, August 19th, Scott Gordon bought 8,200 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $9.57 per share, with a total value of $78,474.00.
• On Monday, August 17th, Scott Gordon purchased 18,300 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $9.54 per share, for a total transaction of $174,582.00.

Chicago Atlantic BDC Stock Down 1.2%

Shares of LIEN stock traded down $0.12 during trading hours on Wednesday, hitting $9.50. 77,671 shares of the company’s stock were exchanged, compared to its average volume of 72,077. The firm has a market cap of $216.79 million, a P/E ratio of 6.83 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. The firm has a 50 day moving average of $9.75 and a two-hundred day moving average of $9.77.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). The company had revenue of $13.97 million during the quarter, compared to analyst estimates of $16.23 million. Chicago Atlantic BDC had a net margin of 52.82% and a return on equity of 11.66%. On average, equities analysts forecast that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 14.3%. The ex-dividend date of this dividend is Friday, September 25th. Chicago Atlantic BDC’s dividend payout ratio is currently 97.84%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Chicago Atlantic BDC

A number of hedge funds have recently modified their holdings of the company. Triumph Capital Management acquired a new stake in Chicago Atlantic BDC during the fourth quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Chicago Atlantic BDC during the fourth quarter worth approximately $63,000. Compass Financial Management LLC bought a new position in shares of Chicago Atlantic BDC during the second quarter worth $104,000. Westwood Holdings Group Inc. bought a new position in shares of Chicago Atlantic BDC in the 2nd quarter valued at about $111,000. Finally, XTX Topco Ltd acquired a new stake in shares of Chicago Atlantic BDC in the second quarter valued at approximately $112,000. 4.36% of the stock is currently owned by institutional investors.

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.