Partners Capital Investment Group LLP Makes New Investment in Chicago Atlantic BDC, Inc. $LIEN

Partners Capital Investment Group LLP bought a new position in Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 145,336 shares of the company’s stock, valued at approximately $1,420,000.

Other hedge funds have also recently made changes to their positions in the company. Compass Financial Management LLC purchased a new position in Chicago Atlantic BDC in the second quarter worth about $104,000. BlackRock Inc. purchased a new position in shares of Chicago Atlantic BDC in the 2nd quarter worth approximately $728,000. Venturi Wealth Management LLC bought a new position in shares of Chicago Atlantic BDC during the 1st quarter valued at approximately $375,000. Corient Private Wealth LLC increased its position in shares of Chicago Atlantic BDC by 9.9% during the 4th quarter. Corient Private Wealth LLC now owns 382,865 shares of the company’s stock valued at $3,955,000 after purchasing an additional 34,423 shares during the last quarter. Finally, Triumph Capital Management purchased a new stake in Chicago Atlantic BDC during the 4th quarter valued at $32,000. 4.36% of the stock is currently owned by hedge funds and other institutional investors.

Chicago Atlantic BDC Stock Performance

Shares of LIEN stock opened at $10.15 on Tuesday. The stock has a 50 day moving average price of $9.75 and a 200 day moving average price of $9.75. Chicago Atlantic BDC, Inc. has a 52-week low of $8.92 and a 52-week high of $11.44. The firm has a market capitalization of $231.62 million, a P/E ratio of 7.30 and a beta of 0.28.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced 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). 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 the consensus estimate of $16.23 million. As a group, sell-side analysts forecast that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current year.

Chicago Atlantic BDC Dividend Announcement

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

Insider Transactions at Chicago Atlantic BDC

In related news, major shareholder John Mazarakis acquired 60,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average price of $9.44 per share, for a total transaction of $566,400.00. Following the acquisition, the insider directly owned 60,000 shares of the company’s stock, valued at $566,400. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CIO Scott Gordon acquired 18,300 shares of the stock in a transaction on Monday, August 17th. The stock was bought at an average cost of $9.54 per share, with a total value of $174,582.00. Following the completion of the transaction, the executive owned 53,324 shares in the company, valued at $508,710.96. This trade represents a 52.25% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 113,299 shares of company stock worth $1,077,265. Company insiders own 12.90% of the company’s stock.

Wall Street Analyst Weigh In

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