Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Short Interest Update

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 122,491 shares, a growth of 96.3% from the May 14th total of 62,404 shares. Based on an average daily volume of 93,221 shares, the short-interest ratio is currently 1.3 days. Currently, 0.6% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Sowell Financial Services LLC bought a new position in shares of Chicago Atlantic BDC in the 4th quarter valued at $4,940,000. LVM Capital Management Ltd. MI bought a new position in shares of Chicago Atlantic BDC in the 4th quarter valued at $1,666,000. Sage Mountain Advisors LLC lifted its stake in shares of Chicago Atlantic BDC by 29.9% in the 4th quarter. Sage Mountain Advisors LLC now owns 268,088 shares of the company’s stock valued at $2,769,000 after acquiring an additional 61,721 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of Chicago Atlantic BDC by 9.9% in the 4th quarter. Corient Private Wealth LLC now owns 382,865 shares of the company’s stock valued at $3,955,000 after acquiring an additional 34,423 shares during the last quarter. Finally, Triumph Capital Management bought a new position in shares of Chicago Atlantic BDC in the 4th quarter valued at $32,000. 4.36% of the stock is currently owned by institutional investors.

Chicago Atlantic BDC Trading Up 0.9%

NASDAQ LIEN traded up $0.09 on Friday, hitting $10.00. 54,515 shares of the company’s stock were exchanged, compared to its average volume of 67,945. The stock has a 50-day moving average of $9.58 and a 200-day moving average of $10.07. Chicago Atlantic BDC has a 52 week low of $8.92 and a 52 week high of $11.44. The stock has a market cap of $228.20 million, a price-to-earnings ratio of 6.41 and a beta of 0.28.

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

Chicago Atlantic BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.6%. The ex-dividend date is Friday, June 26th. Chicago Atlantic BDC’s dividend payout ratio is presently 90.67%.

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.