John Mazarakis Acquires 60,000 Shares of Chicago Atlantic BDC (NASDAQ:LIEN) Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) major shareholder John Mazarakis acquired 60,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average cost of $9.44 per share, with a total value of $566,400.00. Following the completion of the purchase, the insider directly owned 60,000 shares in the company, valued at $566,400. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Chicago Atlantic BDC Stock Performance

LIEN opened at $10.01 on Friday. The business’s fifty day moving average is $9.74 and its two-hundred day moving average is $9.76. The company has a market cap of $228.43 million, a price-to-earnings ratio of 7.20 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a one year low of $8.92 and a one year high of $11.44.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its earnings results on Thursday, August 13th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.06). The firm had revenue of $13.97 million during the quarter, compared to analyst estimates of $16.23 million. Chicago Atlantic BDC had a net margin of 52.82% and a return on equity of 11.66%. On average, analysts predict that Chicago Atlantic BDC, Inc. will post 1.64 EPS 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 paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 13.6%. The ex-dividend date of this dividend is Friday, September 25th. Chicago Atlantic BDC’s dividend payout ratio is presently 97.84%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Chicago Atlantic BDC

A number of large investors have recently bought and sold shares of the stock. Triumph Capital Management purchased a new position in Chicago Atlantic BDC during the fourth quarter worth $32,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Chicago Atlantic BDC in the fourth quarter valued at $63,000. Compass Financial Management LLC purchased a new stake in shares of Chicago Atlantic BDC in the second quarter valued at $104,000. Westwood Holdings Group Inc. acquired a new stake in shares of Chicago Atlantic BDC during the second quarter valued at $111,000. Finally, XTX Topco Ltd acquired a new stake in shares of Chicago Atlantic BDC during the second quarter valued at $112,000. Institutional investors and hedge funds 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.