Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Short Interest Update

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 13,501 shares, a growth of 279.5% from the December 31st total of 3,558 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 53,967 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 53,967 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Chicago Atlantic BDC

A number of large investors have recently modified their holdings of LIEN. Sage Mountain Advisors LLC acquired a new stake in shares of Chicago Atlantic BDC in the second quarter valued at about $106,000. Bernardo Wealth Planning LLC acquired a new position in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $106,000. Mather Group LLC. bought a new stake in shares of Chicago Atlantic BDC during the 4th quarter worth approximately $106,000. SteelPeak Wealth LLC acquired a new stake in shares of Chicago Atlantic BDC in the 4th quarter valued at approximately $110,000. Finally, Westwood Holdings Group Inc. bought a new position in shares of Chicago Atlantic BDC in the second quarter valued at $111,000. 4.36% of the stock is currently owned by institutional investors and hedge funds.

Chicago Atlantic BDC Stock Down 1.5%

Shares of Chicago Atlantic BDC stock traded down $0.16 during trading on Thursday, reaching $10.55. 56,428 shares of the company were exchanged, compared to its average volume of 103,512. The business has a 50-day moving average price of $10.65 and a 200-day moving average price of $10.56. The firm has a market capitalization of $240.75 million, a price-to-earnings ratio of 13.35 and a beta of 0.26. Chicago Atlantic BDC has a twelve month low of $9.58 and a twelve month high of $12.65.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. Chicago Atlantic BDC had a net margin of 33.72% and a return on equity of 5.80%. The company had revenue of $15.07 billion for the quarter, compared to analysts’ expectations of $13.46 million. On average, equities research analysts forecast that Chicago Atlantic BDC will post 0.76 EPS for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.36 dividend on an annualized basis and a yield of 12.9%. Chicago Atlantic BDC’s dividend payout ratio (DPR) is 172.15%.

Chicago Atlantic BDC Company Profile

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.