Chicago Atlantic BDC (NASDAQ:LIEN) CIO Buys $50,950.00 in Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was bought at an average cost of $10.19 per share, for a total transaction of $50,950.00. Following the completion of the purchase, the executive directly owned 96,056 shares in the company, valued at $978,810.64. This represents a 5.49% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Scott Gordon also recently made the following trade(s):

• On Wednesday, August 26th, Scott Gordon bought 2,483 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $10.15 per share, with a total value of $25,202.45.
• On Tuesday, August 25th, Scott Gordon bought 250 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $10.12 per share, for a total transaction of $2,530.00.
• On Thursday, August 20th, Scott Gordon purchased 7,500 shares of Chicago Atlantic BDC stock. The shares were purchased at an average price of $9.70 per share, with a total value of $72,750.00.
• On Monday, August 24th, Scott Gordon purchased 1,520 shares of Chicago Atlantic BDC stock. The shares were purchased at an average price of $10.11 per share, with a total value of $15,367.20.
• On Friday, August 21st, Scott Gordon acquired 195 shares of Chicago Atlantic BDC stock. The stock was purchased at an average cost of $9.95 per share, with a total value of $1,940.25.
• On Wednesday, August 19th, Scott Gordon bought 8,200 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $9.57 per share, for a total transaction of $78,474.00.
• On Tuesday, August 18th, Scott Gordon bought 17,584 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $9.54 per share, with a total value of $167,751.36.
• On Monday, August 17th, Scott Gordon bought 18,300 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $9.54 per share, with a total value of $174,582.00.

Chicago Atlantic BDC Stock Performance

Shares of NASDAQ LIEN traded down $0.01 during mid-day trading on Thursday, reaching $10.14. The company’s stock had a trading volume of 27,124 shares, compared to its average volume of 71,720. The stock has a 50-day moving average of $9.75 and a two-hundred day moving average of $9.75. The stock has a market capitalization of $231.40 million, a P/E ratio of 7.30 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a 1-year low of $8.92 and a 1-year high of $11.44.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). Chicago Atlantic BDC had a net margin of 52.82% and a return on equity of 11.66%. The business had revenue of $13.97 million for the quarter, compared to analysts’ expectations of $16.23 million. Analysts predict that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be given a $0.34 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.4%. Chicago Atlantic BDC’s dividend payout ratio is 97.84%.

Institutional Trading of Chicago Atlantic BDC

Several institutional investors have recently made changes to their positions in LIEN. Triumph Capital Management lifted its stake in shares of Chicago Atlantic BDC by 56.2% in the 2nd quarter. Triumph Capital Management now owns 6,725 shares of the company’s stock valued at $66,000 after purchasing an additional 2,420 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Chicago Atlantic BDC during the 4th quarter worth about $63,000. Compass Financial Management LLC purchased a new stake in Chicago Atlantic BDC in the 2nd quarter valued at about $104,000. Westwood Holdings Group Inc. purchased a new stake in Chicago Atlantic BDC in the 2nd quarter valued at about $111,000. Finally, XTX Topco Ltd purchased a new stake in Chicago Atlantic BDC in the 2nd quarter valued at about $112,000. Hedge funds and other institutional investors own 4.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.