Corient Private Wealth LP Invests $1.84 Million in Chicago Atlantic BDC, Inc. $LIEN

Corient Private Wealth LP bought a new stake in Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 188,863 shares of the company’s stock, valued at approximately $1,845,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LIEN. Triumph Capital Management purchased a new stake in Chicago Atlantic BDC during the 4th quarter worth $32,000. Northwestern Mutual Wealth Management Co. purchased a new position in Chicago Atlantic BDC in the fourth quarter valued at about $63,000. Compass Financial Management LLC purchased a new position in Chicago Atlantic BDC in the second quarter valued at about $104,000. Westwood Holdings Group Inc. acquired a new position in shares of Chicago Atlantic BDC during the second quarter worth about $111,000. Finally, XTX Topco Ltd acquired a new position in shares of Chicago Atlantic BDC during the second quarter worth about $112,000. Institutional investors and hedge funds own 4.36% of the company’s stock.

Chicago Atlantic BDC Price Performance

Chicago Atlantic BDC stock opened at $10.33 on Friday. Chicago Atlantic BDC, Inc. has a 12-month low of $8.92 and a 12-month high of $11.44. The company has a market capitalization of $235.73 million, a price-to-earnings ratio of 7.43 and a beta of 0.30. The firm’s fifty day moving average price is $9.75 and its 200 day moving average price is $9.75.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). The firm had revenue of $13.97 million during the quarter, compared to analysts’ expectations of $16.23 million. Chicago Atlantic BDC had a net margin of 52.82% and a return on equity of 11.66%. Analysts forecast that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be paid a $0.34 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.36 annualized dividend and a dividend yield of 13.2%. Chicago Atlantic BDC’s payout ratio is 97.84%.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered 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.com, Chicago Atlantic BDC currently has a consensus rating of “Hold”.

Insider Activity

In other Chicago Atlantic BDC news, major shareholder John Mazarakis acquired 60,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were bought at an average cost 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 trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CIO Scott Gordon bought 18,300 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive owned 53,324 shares in the company, valued at $508,710.96. This represents a 52.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 123,166 shares of company stock worth $1,177,717. Insiders own 12.90% 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.