Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Insider Umesh Mahajan Acquires 1,112 Shares

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) insider Umesh Mahajan purchased 1,112 shares of Chicago Atlantic BDC stock in a transaction dated Thursday, June 5th. The shares were purchased at an average price of $10.23 per share, with a total value of $11,375.76. Following the completion of the acquisition, the insider now owns 1,712 shares in the company, valued at $17,513.76. The trade was a 185.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Umesh Mahajan also recently made the following trade(s):

• On Friday, June 6th, Umesh Mahajan acquired 1,000 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $10.30 per share, for a total transaction of $10,300.00.
• On Thursday, April 10th, Umesh Mahajan bought 600 shares of Chicago Atlantic BDC stock. The stock was acquired at an average price of $10.74 per share, with a total value of $6,444.00.

Chicago Atlantic BDC Stock Down 5.7%

Shares of LIEN stock traded down $0.59 during trading on Monday, reaching $9.75. The company had a trading volume of 121,895 shares, compared to its average volume of 18,750. The stock has a 50 day moving average price of $10.40. Chicago Atlantic BDC, Inc. has a one year low of $9.70 and a one year high of $13.38. The firm has a market cap of $222.50 million, a P/E ratio of 14.77 and a beta of 0.25.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.68). Chicago Atlantic BDC had a net margin of 32.69% and a return on equity of 3.80%. The company had revenue of $11.92 million for the quarter, compared to analyst estimates of $10.70 million. As a group, sell-side analysts anticipate that Chicago Atlantic BDC, Inc. will post 0.76 earnings per share for the current year.

Chicago Atlantic BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $1.36 annualized dividend and a yield of 13.95%. Chicago Atlantic BDC’s dividend payout ratio (DPR) is presently 680.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LIEN. Oppenheimer began coverage on shares of Chicago Atlantic BDC in a research note on Tuesday, April 22nd. They set a “market perform” rating on the stock. Redburn Atlantic raised shares of Chicago Atlantic BDC to a “hold” rating in a research report on Tuesday, April 22nd.

About Chicago Atlantic BDC

Chicago Atlantic BDC Inc is a specialty finance company which has elected to be regulated as a business development company. Its investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a primary focus on cannabis companies.