Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Sees Significant Growth in Short Interest

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 62,404 shares, a growth of 124.0% from the April 30th total of 27,855 shares. Based on an average daily volume of 58,396 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new position in Chicago Atlantic BDC during the fourth quarter valued at $32,000. Northwestern Mutual Wealth Management Co. acquired a new position in Chicago Atlantic BDC during the fourth quarter valued at $63,000. Mather Group LLC. acquired a new position in Chicago Atlantic BDC during the fourth quarter valued at $106,000. SteelPeak Wealth LLC acquired a new position in Chicago Atlantic BDC during the fourth quarter valued at $110,000. Finally, Westwood Holdings Group Inc. acquired a new position in Chicago Atlantic BDC during the second quarter valued at $111,000. 4.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Chicago Atlantic BDC Trading Up 0.2%

Shares of NASDAQ:LIEN traded up $0.02 on Friday, hitting $10.00. 66,486 shares of the company were exchanged, compared to its average volume of 71,280. Chicago Atlantic BDC has a 1-year low of $8.92 and a 1-year high of $11.44. The stock’s 50 day moving average price is $9.52 and its 200 day moving average price is $10.10. The firm has a market capitalization of $228.20 million, a P/E ratio of 6.67 and a beta of 0.25.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.44 EPS for the quarter, topping the consensus estimate 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 business had revenue of $16.70 million during the quarter, compared to the consensus estimate of $14.31 million. On average, equities analysts predict that Chicago Atlantic BDC will post 1.64 EPS for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors 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 dividend on an annualized basis and a yield of 13.6%. Chicago Atlantic BDC’s payout ratio is currently 90.67%.

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.