Insider Buying: Chicago Atlantic BDC (NASDAQ:LIEN) CIO Acquires $174,582.00 in Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon acquired 18,300 shares of the stock in a transaction dated Monday, August 17th. The shares were purchased at an average cost of $9.54 per share, with a total value of $174,582.00. Following the completion of the purchase, the executive owned 53,324 shares of the company’s stock, valued at approximately $508,710.96. The trade was a 52.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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 shares were purchased at an average price of $9.57 per share, with a total value of $78,474.00.
• On Tuesday, August 18th, Scott Gordon bought 17,584 shares of Chicago Atlantic BDC stock. The stock was acquired at an average cost of $9.54 per share, for a total transaction of $167,751.36.

Chicago Atlantic BDC Price Performance

Shares of NASDAQ:LIEN opened at $10.01 on Friday. Chicago Atlantic BDC, Inc. has a 1 year low of $8.92 and a 1 year high of $11.44. The company has a market cap of $228.43 million, a PE ratio of 7.20 and a beta of 0.28. The stock’s 50-day moving average is $9.74 and its 200 day moving average is $9.76.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $16.23 million. Analysts expect that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 13.6%. Chicago Atlantic BDC’s payout ratio is 97.84%.

Wall Street Analyst Weigh In

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

Institutional Trading of Chicago Atlantic BDC

Several large investors have recently bought and sold shares of the company. Triumph Capital Management purchased a new position in shares of Chicago Atlantic BDC during the 4th quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Chicago Atlantic BDC during the fourth quarter valued at approximately $63,000. Compass Financial Management LLC bought a new stake in shares of Chicago Atlantic BDC during the second quarter valued at approximately $104,000. Westwood Holdings Group Inc. bought a new stake in shares of Chicago Atlantic BDC during the second quarter valued at approximately $111,000. Finally, XTX Topco Ltd purchased a new stake in Chicago Atlantic BDC in the second quarter worth $112,000. 4.36% of the stock is owned by institutional investors.

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.