Chicago Atlantic BDC (NASDAQ:LIEN) CIO Purchases $25,202.45 in Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon bought 2,483 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was bought at an average price of $10.15 per share, with a total value of $25,202.45. Following the completion of the purchase, the executive directly owned 91,056 shares in the company, valued at $924,218.40. This represents a 2.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, August 27th, Scott Gordon purchased 5,000 shares of Chicago Atlantic BDC stock. The shares were bought at an average price of $10.19 per share, for a total transaction of $50,950.00.
• On Tuesday, August 25th, Scott Gordon purchased 250 shares of Chicago Atlantic BDC stock. The shares were bought 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 stock was bought at an average cost of $9.70 per share, with a total value of $72,750.00.
• On Monday, August 24th, Scott Gordon acquired 1,520 shares of Chicago Atlantic BDC stock. The shares were bought 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 shares were bought at an average price of $9.95 per share, with a total value of $1,940.25.
• On Wednesday, August 19th, Scott Gordon acquired 8,200 shares of Chicago Atlantic BDC stock. The shares were bought at an average cost of $9.57 per share, for a total transaction of $78,474.00.
• On Tuesday, August 18th, Scott Gordon acquired 17,584 shares of Chicago Atlantic BDC stock. The shares were bought at an average cost of $9.54 per share, for a total transaction of $167,751.36.
• On Monday, August 17th, Scott Gordon bought 18,300 shares of Chicago Atlantic BDC stock. The stock was purchased at an average cost of $9.54 per share, for a total transaction of $174,582.00.

Chicago Atlantic BDC Price Performance

Shares of LIEN stock opened at $10.20 on Friday. The business has a fifty day moving average of $9.75 and a 200 day moving average of $9.75. Chicago Atlantic BDC, Inc. has a 1 year low of $8.92 and a 1 year high of $11.44. The firm has a market capitalization of $232.76 million, a price-to-earnings ratio of 7.34 and a beta of 0.28.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.34 earnings per share 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 firm had revenue of $13.97 million for the quarter, compared to analysts’ expectations of $16.23 million. As a group, equities research analysts expect that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current year.

Chicago Atlantic BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors 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 yield of 13.3%. Chicago Atlantic BDC’s dividend payout ratio is currently 97.84%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Compass Financial Management LLC purchased a new stake in Chicago Atlantic BDC in the 2nd quarter worth approximately $104,000. Triumph Capital Management increased its holdings in shares of Chicago Atlantic BDC by 56.2% during 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 in the last quarter. Corient Private Wealth LP acquired a new position in shares of Chicago Atlantic BDC in the 2nd quarter valued at $1,845,000. Partners Capital Investment Group LLP acquired a new position in shares of Chicago Atlantic BDC in the 2nd quarter valued at $1,420,000. Finally, BlackRock Inc. purchased a new stake in Chicago Atlantic BDC during the second quarter worth $728,000. 4.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Zacks Research lowered 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, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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.