Chicago Atlantic BDC (NASDAQ:LIEN) CIO Scott Gordon Purchases 18,300 Shares of Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon purchased 18,300 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were purchased at an average cost of $9.54 per share, for a total transaction of $174,582.00. Following the completion of the purchase, the executive directly owned 53,324 shares in the company, valued at $508,710.96. The trade was a 52.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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, with a total value of $78,474.00.
• On Tuesday, August 18th, Scott Gordon acquired 17,584 shares of Chicago Atlantic BDC stock. The stock was purchased at an average cost of $9.54 per share, with a total value of $167,751.36.

Chicago Atlantic BDC Stock Performance

Shares of LIEN opened at $9.50 on Thursday. Chicago Atlantic BDC, Inc. has a 1 year low of $8.92 and a 1 year high of $11.44. The company’s 50 day simple moving average is $9.75 and its 200 day simple moving average is $9.76. The company has a market capitalization of $216.79 million, a price-to-earnings ratio of 6.83 and a beta of 0.28.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its earnings results on Thursday, August 13th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.06). The firm had revenue of $13.97 million during the quarter, compared to analysts’ expectations of $16.23 million. Chicago Atlantic BDC had a return on equity of 11.66% and a net margin of 52.82%. Equities analysts expect that Chicago Atlantic BDC, Inc. will post 1.64 EPS 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. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 14.3%. Chicago Atlantic BDC’s payout ratio is currently 97.84%.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Chicago Atlantic BDC from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Chicago Atlantic BDC has a consensus rating of “Hold”.

Institutional Investors Weigh In On Chicago Atlantic BDC

Institutional investors have recently bought and sold shares of the stock. Triumph Capital Management purchased a new position in Chicago Atlantic BDC during the fourth quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Chicago Atlantic BDC during the 4th quarter valued at $63,000. Compass Financial Management LLC purchased a new stake in shares of Chicago Atlantic BDC during the 2nd quarter valued at $104,000. Westwood Holdings Group Inc. acquired a new stake in shares of Chicago Atlantic BDC during the 2nd quarter worth $111,000. Finally, XTX Topco Ltd purchased a new position in shares of Chicago Atlantic BDC in the 2nd quarter worth $112,000. 4.36% of the stock is currently owned by hedge funds and other 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.