Scott Gordon Acquires 17,584 Shares of Chicago Atlantic BDC (NASDAQ:LIEN) Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon purchased 17,584 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average cost of $9.54 per share, for a total transaction of $167,751.36. Following the completion of the acquisition, the executive directly owned 70,908 shares of the company’s stock, valued at $676,462.32. This represents a 32.98% increase in their position. The transaction 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 Wednesday, August 19th, Scott Gordon bought 8,200 shares of Chicago Atlantic BDC stock. The stock was bought at an average price of $9.57 per share, for a total transaction of $78,474.00.
• On Monday, August 17th, Scott Gordon purchased 18,300 shares of Chicago Atlantic BDC stock. The stock was purchased at an average cost of $9.54 per share, for a total transaction of $174,582.00.

Chicago Atlantic BDC Trading Up 2.9%

LIEN opened at $9.78 on Friday. Chicago Atlantic BDC, Inc. has a twelve month low of $8.92 and a twelve month high of $11.44. The firm has a market capitalization of $223.18 million, a PE ratio of 7.04 and a beta of 0.28. The firm’s 50-day moving average price is $9.74 and its 200 day moving average price is $9.75.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its quarterly earnings results on Thursday, August 13th. 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 return on equity of 11.66% and a net margin of 52.82%.The firm had revenue of $13.97 million for the quarter, compared to analyst estimates of $16.23 million. As a group, analysts predict that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be issued a $0.34 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.9%. Chicago Atlantic BDC’s payout ratio is 97.84%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Chicago Atlantic BDC

Hedge funds have recently made changes to their positions in the company. Triumph Capital Management acquired a new position in Chicago Atlantic BDC during the fourth quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Chicago Atlantic BDC in the fourth quarter valued at approximately $63,000. Compass Financial Management LLC acquired a new stake in shares of Chicago Atlantic BDC in the second quarter valued at approximately $104,000. Westwood Holdings Group Inc. purchased a new position in shares of Chicago Atlantic BDC during the second quarter worth approximately $111,000. Finally, XTX Topco Ltd purchased a new position in shares of Chicago Atlantic BDC during the second quarter worth approximately $112,000. Hedge funds and other institutional investors own 4.36% of the company’s stock.

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.