Chicago Atlantic BDC, Inc. (LIEN) To Go Ex-Dividend on September 25th

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) announced a quarterly dividend on Monday, August 10th. Investors of record on Friday, September 25th will be given a dividend of 0.34 per share on Friday, October 9th. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date of this dividend is Friday, September 25th.

Chicago Atlantic BDC Price Performance

NASDAQ:LIEN opened at $10.27 on Wednesday. The firm has a 50-day moving average of $9.84 and a two-hundred day moving average of $9.77. The stock has a market cap of $234.36 million, a P/E ratio of 7.39 and a beta of 0.30. Chicago Atlantic BDC has a 1-year low of $8.92 and a 1-year high of $11.27.

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

Insider Buying and Selling

In other news, CIO Scott Gordon purchased 18,300 shares of the stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of $9.54 per share, for a total transaction of $174,582.00. Following the acquisition, the executive owned 53,324 shares of the company’s stock, valued at $508,710.96. The trade was a 52.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder John Mazarakis acquired 60,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was acquired at an average cost of $9.44 per share, with a total value of $566,400.00. Following the acquisition, the insider owned 60,000 shares of the company’s stock, valued at $566,400. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 123,166 shares of company stock worth $1,177,717. 12.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chicago Atlantic BDC

Several institutional investors have recently modified their holdings of LIEN. Corient Private Wealth LP bought a new stake in Chicago Atlantic BDC in the 2nd quarter valued at about $1,845,000. Partners Capital Investment Group LLP acquired a new stake in shares of Chicago Atlantic BDC in the second quarter valued at approximately $1,420,000. BlackRock Inc. bought a new stake in shares of Chicago Atlantic BDC during the second quarter valued at approximately $728,000. Compass Financial Management LLC acquired a new position in shares of Chicago Atlantic BDC during the second quarter worth approximately $104,000. Finally, Triumph Capital Management grew its holdings in Chicago Atlantic BDC by 56.2% in the 2nd quarter. Triumph Capital Management now owns 6,725 shares of the company’s stock worth $66,000 after buying an additional 2,420 shares in the last quarter. Institutional investors own 4.36% of the company’s stock.

Chicago Atlantic BDC Company Profile

Chicago Atlantic BDC, Inc (NASDAQ: LIEN) is a business development company that provides financing to privately owned and other middle-market businesses. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in debt and equity securities.

Chicago Atlantic BDC generally invests in businesses that may have limited access to traditional bank financing. Its investment activities can include secured and unsecured loans, subordinated debt, and equity-related investments.