Insider Buying: Chicago Atlantic BDC (NASDAQ:LIEN) CIO Purchases $15,367.20 in Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon acquired 1,520 shares of Chicago Atlantic BDC stock in a transaction dated Monday, August 24th. The shares were bought at an average cost of $10.11 per share, with a total value of $15,367.20. Following the completion of the purchase, the executive owned 88,323 shares in the company, valued at approximately $892,945.53. This represents a 1.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Scott Gordon also recently made the following trade(s):

• On Thursday, August 20th, Scott Gordon bought 7,500 shares of Chicago Atlantic BDC stock. The shares were bought at an average cost of $9.70 per share, for a total transaction of $72,750.00.
• On Friday, August 21st, Scott Gordon bought 195 shares of Chicago Atlantic BDC stock. The shares were bought at an average cost of $9.95 per share, for a total transaction of $1,940.25.
• On Wednesday, August 19th, Scott Gordon bought 8,200 shares of Chicago Atlantic BDC stock. The shares were bought at an average cost of $9.57 per share, with a total value of $78,474.00.
• On Tuesday, August 18th, Scott Gordon purchased 17,584 shares of Chicago Atlantic BDC stock. The stock was bought at an average price of $9.54 per share, with a total value of $167,751.36.
• On Monday, August 17th, Scott Gordon purchased 18,300 shares of Chicago Atlantic BDC stock. The stock was bought at an average cost of $9.54 per share, for a total transaction of $174,582.00.

Chicago Atlantic BDC Trading Down 0.4%

Shares of LIEN opened at $10.15 on Thursday. The business’s 50-day moving average price is $9.75 and its 200 day moving average price is $9.75. The stock has a market capitalization of $231.62 million, a P/E ratio of 7.30 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a 1-year low of $8.92 and a 1-year high of $11.44.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). The firm had revenue of $13.97 million for 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%. On average, research analysts predict that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current year.

Chicago Atlantic BDC Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.36 dividend on an annualized basis and a yield of 13.4%. Chicago Atlantic BDC’s dividend payout ratio (DPR) is currently 97.84%.

Hedge Funds Weigh In On Chicago Atlantic BDC

A number of large investors have recently made changes to their positions in LIEN. Triumph Capital Management purchased a new stake in shares of Chicago Atlantic BDC in the fourth quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. acquired a new position in Chicago Atlantic BDC in the 4th quarter valued at approximately $63,000. Compass Financial Management LLC acquired a new position in Chicago Atlantic BDC in the 2nd quarter valued at approximately $104,000. Westwood Holdings Group Inc. purchased a new stake in Chicago Atlantic BDC in the 2nd quarter worth approximately $111,000. Finally, XTX Topco Ltd acquired a new stake in shares of Chicago Atlantic BDC during the 2nd quarter valued at $112,000. Institutional investors and hedge funds own 4.36% of the company’s stock.

Analyst Ratings Changes

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

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.