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

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 122,491 shares, an increase of 96.3% from the May 14th total of 62,404 shares. Based on an average daily trading volume, of 93,221 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.6% of the shares of the company are short sold.

Chicago Atlantic BDC Stock Up 0.2%

NASDAQ:LIEN traded up $0.02 during midday trading on Tuesday, reaching $9.99. The stock had a trading volume of 60,560 shares, compared to its average volume of 72,159. The firm has a fifty day simple moving average of $9.59 and a two-hundred day simple moving average of $10.06. Chicago Atlantic BDC has a 12-month low of $8.92 and a 12-month high of $11.44. The stock has a market cap of $227.97 million, a P/E ratio of 6.66 and a beta of 0.28.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. Chicago Atlantic BDC had a net margin of 57.88% and a return on equity of 11.67%. The company had revenue of $16.70 million during the quarter, compared to the consensus estimate of $14.31 million. On average, sell-side analysts anticipate that Chicago Atlantic BDC will post 1.64 earnings per share for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, June 26th. This represents a $1.36 annualized dividend and a yield of 13.6%. Chicago Atlantic BDC’s payout ratio is presently 90.67%.

Institutional Trading of Chicago Atlantic BDC

Several hedge funds have recently modified their holdings of LIEN. Triumph Capital Management purchased a new stake in shares of Chicago Atlantic BDC in the fourth quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Chicago Atlantic BDC in the fourth quarter valued at $63,000. Mather Group LLC. acquired a new stake in Chicago Atlantic BDC in the fourth quarter valued at $106,000. SteelPeak Wealth LLC purchased a new stake in Chicago Atlantic BDC during the fourth quarter worth about $110,000. Finally, Westwood Holdings Group Inc. purchased a new stake in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $111,000. 4.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Chicago Atlantic BDC from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

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.