Chicago Atlantic BDC (NASDAQ:LIEN) CIO Scott Gordon Acquires 1,520 Shares

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon bought 1,520 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average price of $10.11 per share, for a total transaction of $15,367.20. Following the completion of the acquisition, the executive owned 88,323 shares of the company’s stock, valued at $892,945.53. The trade was a 1.75% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, August 20th, Scott Gordon purchased 7,500 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $9.70 per share, for a total transaction of $72,750.00.
• 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 acquired 8,200 shares of Chicago Atlantic BDC stock. The shares were purchased at an average price 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 stock was purchased at an average cost of $9.54 per share, for a total transaction of $167,751.36.
• On Monday, August 17th, Scott Gordon purchased 18,300 shares of Chicago Atlantic BDC stock. The shares were acquired at an average price of $9.54 per share, with a total value of $174,582.00.

Chicago Atlantic BDC Stock Up 1.4%

Shares of NASDAQ LIEN opened at $10.15 on Tuesday. The business’s 50 day moving average price is $9.75 and its two-hundred day moving average price is $9.75. The company has a market cap of $231.62 million, a PE ratio of 7.30 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a twelve month low of $8.92 and a twelve month high of $11.44.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $16.23 million. As a group, research analysts anticipate that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given 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 of this dividend is Friday, September 25th. Chicago Atlantic BDC’s payout ratio is 97.84%.

Hedge Funds Weigh In On Chicago Atlantic BDC

A number of large investors have recently made changes to their positions in the company. Triumph Capital Management boosted its stake in 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 period. Northwestern Mutual Wealth Management Co. bought a new position in Chicago Atlantic BDC during the 4th quarter worth $63,000. Compass Financial Management LLC acquired a new stake in shares of Chicago Atlantic BDC during the second quarter worth $104,000. Westwood Holdings Group Inc. bought a new stake in shares of Chicago Atlantic BDC in the second quarter valued at about $111,000. Finally, XTX Topco Ltd acquired a new position in shares of Chicago Atlantic BDC in the second quarter valued at about $112,000. Institutional investors own 4.36% of the company’s stock.

Wall Street Analyst Weigh In

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