Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Sees Significant Growth in Short Interest

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 27,855 shares, an increase of 100.5% from the April 15th total of 13,895 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 67,578 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Chicago Atlantic BDC

Institutional investors have recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in shares of Chicago Atlantic BDC during the 4th quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Chicago Atlantic BDC in the fourth quarter valued at $63,000. Mather Group LLC. bought a new stake in Chicago Atlantic BDC in the fourth quarter worth $106,000. SteelPeak Wealth LLC bought a new stake in Chicago Atlantic BDC in the fourth quarter worth $110,000. Finally, Westwood Holdings Group Inc. purchased a new stake in Chicago Atlantic BDC during the second quarter valued at $111,000. Hedge funds and other institutional investors own 4.36% of the company’s stock.

Chicago Atlantic BDC Price Performance

Shares of LIEN stock traded up $0.28 during mid-day trading on Monday, hitting $9.98. The company had a trading volume of 193,797 shares, compared to its average volume of 73,607. The stock’s 50 day moving average price is $9.54 and its 200-day moving average price is $10.12. Chicago Atlantic BDC has a 52-week low of $8.92 and a 52-week high of $11.44. The company has a market capitalization of $227.63 million, a P/E ratio of 6.65 and a beta of 0.25.

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

Chicago Atlantic BDC Announces Dividend

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

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.