Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Declares $0.34 Quarterly Dividend

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) announced a quarterly dividend on Thursday, May 14th. Stockholders of record on Friday, June 26th will be given a dividend of 0.34 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date of this dividend is Friday, June 26th.

Chicago Atlantic BDC Stock Up 8.4%

NASDAQ:LIEN opened at $9.83 on Friday. The company’s 50 day moving average price is $9.54 and its 200-day moving average price is $10.13. Chicago Atlantic BDC has a 52 week low of $8.92 and a 52 week high of $11.44. The stock has a market cap of $224.32 million, a price-to-earnings ratio of 12.29 and a beta of 0.25.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. Chicago Atlantic BDC had a net margin of 33.24% and a return on equity of 5.88%. The firm had revenue of $16.70 million for the quarter, compared to analysts’ expectations of $14.31 million. As a group, sell-side analysts anticipate that Chicago Atlantic BDC will post 1.49 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Triumph Capital Management bought a new position in Chicago Atlantic BDC during the fourth quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. bought a new position in Chicago Atlantic BDC during the fourth quarter valued at approximately $63,000. Mather Group LLC. bought a new position in Chicago Atlantic BDC during the fourth quarter valued at approximately $106,000. SteelPeak Wealth LLC bought a new position in Chicago Atlantic BDC during the fourth quarter valued at approximately $110,000. Finally, Westwood Holdings Group Inc. bought a new position in Chicago Atlantic BDC during the second quarter valued at approximately $111,000. Institutional investors own 4.36% of the company’s stock.

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.