Chicago Atlantic BDC (NASDAQ:LIEN) Issues Quarterly Earnings Results

Chicago Atlantic BDC (NASDAQ:LIEN) released its earnings results on Thursday. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36, FiscalAI reports. Chicago Atlantic BDC had a net margin of 33.72% and a return on equity of 5.80%. The firm had revenue of $14.23 million for the quarter, compared to analysts’ expectations of $13.41 million.

Here are the key takeaways from Chicago Atlantic BDC’s conference call:

• Reported Q4 net investment income of $0.36 per share and full-year NII of $1.45 per share, declared a $0.34 quarterly dividend (sixth consecutive quarter) and NAV edged up to $13.30.
• Emphasized a defensive, high‑return portfolio with 99.5% senior secured positions, a ~15.8% weighted average yield on debt, 73% of debt fixed-or-floored against rate declines, no non‑accruals, and very low leverage (0.08x debt-to-equity).
• Active deployment and a large opportunity set — funded $31.7M in Q4 and $93.9M in Q1-to-date (≈$40M net originations after payoffs), with a platform pipeline of ~$732M (≈$616M cannabis) and about $47.5M of available liquidity.
• Company stock is being pressured by broader negative sentiment in the BDC/private credit market—investors focused less on book value and more on potential dividend cuts, loan losses, and impacts from lower Fed funds rates despite the firm’s differentiators.

Chicago Atlantic BDC Trading Up 0.8%

Shares of NASDAQ:LIEN traded up $0.08 during mid-day trading on Thursday, reaching $9.98. The company had a trading volume of 13,125 shares, compared to its average volume of 69,131. Chicago Atlantic BDC has a one year low of $9.58 and a one year high of $12.14. The company’s 50-day moving average price is $10.25 and its 200-day moving average price is $10.46. The firm has a market cap of $227.63 million, a price-to-earnings ratio of 12.63 and a beta of 0.27.

Institutional Trading of Chicago Atlantic BDC

A number of large investors have recently bought and sold shares of the company. Corient Private Wealth LLC lifted its position in shares of Chicago Atlantic BDC by 9.9% during the 4th quarter. Corient Private Wealth LLC now owns 382,865 shares of the company’s stock valued at $3,955,000 after buying an additional 34,423 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Chicago Atlantic BDC by 227.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 195,884 shares of the company’s stock valued at $2,057,000 after purchasing an additional 136,110 shares during the last quarter. Northeast Financial Consultants Inc purchased a new stake in Chicago Atlantic BDC during the second quarter valued at about $851,000. Millennium Management LLC boosted its position in Chicago Atlantic BDC by 172.3% during the third quarter. Millennium Management LLC now owns 48,547 shares of the company’s stock worth $510,000 after purchasing an additional 30,718 shares during the period. Finally, XTX Topco Ltd bought a new position in Chicago Atlantic BDC during the second quarter worth about $112,000. 4.36% of the stock is owned by hedge funds and other 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.