Scott Gordon Acquires 7,500 Shares of Chicago Atlantic BDC (NASDAQ:LIEN) Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon purchased 7,500 shares of Chicago Atlantic BDC stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average price of $9.70 per share, for a total transaction of $72,750.00. Following the completion of the transaction, the executive owned 86,608 shares in the company, valued at $840,097.60. The trade was a 9.48% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, August 24th, Scott Gordon acquired 1,520 shares of Chicago Atlantic BDC stock. The shares were bought at an average cost 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 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 stock was purchased at an average cost of $9.57 per share, for a total transaction of $78,474.00.
• On Tuesday, August 18th, Scott Gordon purchased 17,584 shares of Chicago Atlantic BDC stock. The shares were purchased at an average price of $9.54 per share, with a total value of $167,751.36.
• On Monday, August 17th, Scott Gordon purchased 18,300 shares of Chicago Atlantic BDC stock. The shares were purchased at an average price of $9.54 per share, with a total value of $174,582.00.

Chicago Atlantic BDC Price Performance

LIEN traded up $0.14 during trading on Monday, hitting $10.15. 80,406 shares of the stock traded hands, compared to its average volume of 72,480. The firm has a market capitalization of $231.63 million, a P/E ratio of 7.30 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a 12-month low of $8.92 and a 12-month high of $11.44. The firm has a 50-day moving average of $9.74 and a 200 day moving average of $9.75.

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

Chicago Atlantic BDC Dividend Announcement

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

Institutional Investors Weigh In On Chicago Atlantic BDC

Institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in Chicago Atlantic BDC in the second quarter worth about $112,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Chicago Atlantic BDC during the 2nd quarter valued at approximately $619,000. Northeast Financial Consultants Inc purchased a new position in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $851,000. Corient Private Wealth LLC purchased a new position in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $2,784,000. Finally, Westwood Holdings Group Inc. bought a new position in shares of Chicago Atlantic BDC in the 2nd quarter worth approximately $111,000. 4.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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