Chicago Atlantic BDC (NASDAQ:LIEN) Shares Down 0.6% – Here’s Why

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) shares were down 0.6% during trading on Friday . The stock traded as low as $9.71 and last traded at $9.81. 86,787 shares were traded during trading, a decline of 4% from the average session volume of 90,108 shares. The stock had previously closed at $9.87.

Analyst Upgrades and Downgrades

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

Chicago Atlantic BDC Price Performance

The stock has a market cap of $223.86 million, a P/E ratio of 6.54 and a beta of 0.27. The stock has a 50-day simple moving average of $9.83 and a 200-day simple moving average of $9.96.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. The company had revenue of $16.70 million for the quarter, compared to the consensus estimate of $14.31 million. Chicago Atlantic BDC had a net margin of 57.88% and a return on equity of 11.67%. As a group, sell-side analysts forecast that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current year.

Chicago Atlantic BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $1.36 annualized dividend and a yield of 13.9%. Chicago Atlantic BDC’s dividend payout ratio is presently 90.67%.

Institutional Trading of Chicago Atlantic BDC

Hedge funds and other institutional investors have recently modified their holdings of the stock. Triumph Capital Management bought a new stake in Chicago Atlantic BDC during the 4th quarter worth $32,000. Northwestern Mutual Wealth Management Co. bought a new position in Chicago Atlantic BDC in the fourth quarter valued at about $63,000. Mather Group LLC. acquired a new stake in shares of Chicago Atlantic BDC during the fourth quarter valued at about $106,000. SteelPeak Wealth LLC acquired a new stake in shares of Chicago Atlantic BDC during the fourth quarter valued at about $110,000. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Chicago Atlantic BDC during the second quarter worth about $111,000. Institutional investors own 4.36% of the company’s stock.

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.