Chicago Atlantic BDC (NASDAQ:LIEN) Major Shareholder Purchases $566,400.00 in Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) major shareholder John Mazarakis bought 60,000 shares of the stock in a transaction on Monday, August 17th. The stock was purchased at an average price of $9.44 per share, for a total transaction of $566,400.00. Following the completion of the purchase, the insider owned 60,000 shares of the company’s stock, valued at approximately $566,400. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Chicago Atlantic BDC Stock Performance

LIEN stock opened at $10.01 on Friday. The company has a market capitalization of $228.43 million, a price-to-earnings ratio of 7.20 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 stock has a fifty day moving average of $9.74 and a 200-day moving average of $9.76.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.34 earnings per share 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 predict that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current year.

Chicago Atlantic BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be paid a $0.34 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.36 annualized dividend and a dividend yield of 13.6%. Chicago Atlantic BDC’s dividend payout ratio (DPR) is presently 97.84%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC purchased a new stake in Chicago Atlantic BDC in the second quarter valued at approximately $2,784,000. Corient Private Wealth LP bought a new position in shares of Chicago Atlantic BDC in the 2nd quarter worth $1,845,000. Partners Capital Investment Group LLP bought a new position in shares of Chicago Atlantic BDC in the 2nd quarter worth $1,420,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Chicago Atlantic BDC by 227.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 195,884 shares of the company’s stock worth $2,057,000 after buying an additional 136,110 shares during the last quarter. Finally, Northeast Financial Consultants Inc purchased a new stake in shares of Chicago Atlantic BDC during the 2nd quarter valued at $851,000. 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.