Key Points
- CIO Scott Gordon purchased 18,300 Chicago Atlantic BDC shares at an average of $9.54, investing $174,582 and increasing his direct ownership by 52.25% to 53,324 shares. He also bought 25,784 additional shares in two other recent transactions.
- Chicago Atlantic BDC reported quarterly EPS of $0.34, below the $0.40 consensus estimate, while revenue of $13.97 million also missed expectations of $16.23 million.
- The company declared a quarterly dividend of $0.34 per share, or $1.36 annualized, representing a 14.3% yield; analysts maintain a generally neutral outlook, with the stock carrying an average “Hold” rating.
Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report) CIO Scott Gordon bought 8,200 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average cost of $9.57 per share, for a total transaction of $78,474.00. Following the transaction, the executive owned 79,108 shares in the company, valued at $757,063.56. The trade was a 11.56% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Scott Gordon also recently made the following trade(s):
- 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, with a total value of $167,751.36.
- On Monday, August 17th, Scott Gordon bought 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 Stock Down 1.2%
NASDAQ:LIEN opened at $9.50 on Thursday. The firm has a market capitalization of $216.79 million, a price-to-earnings ratio of 6.83 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a twelve month low of $8.92 and a twelve month high of $11.44. The stock's 50 day moving average price is $9.75 and its two-hundred day moving average price is $9.76.
Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $16.23 million. Chicago Atlantic BDC had a return on equity of 11.66% and a net margin of 52.82%. As a group, analysts anticipate that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current year.
Chicago Atlantic BDC Announces Dividend
The company 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 dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 14.3%. The ex-dividend date of this dividend is Friday, September 25th. Chicago Atlantic BDC's dividend payout ratio (DPR) is presently 97.84%.
Wall Street Analyst Weigh In
Separately, Zacks Research cut shares of Chicago Atlantic BDC from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Chicago Atlantic BDC has a consensus rating of "Hold".
Get Our Latest Report on LIEN
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Triumph Capital Management bought a new stake in shares of Chicago Atlantic BDC during the 4th quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. bought a new position in Chicago Atlantic BDC in the 4th quarter valued at approximately $63,000. Compass Financial Management LLC bought a new position in Chicago Atlantic BDC in the 2nd quarter valued at approximately $104,000. Westwood Holdings Group Inc. acquired a new stake in Chicago Atlantic BDC in the second quarter valued at approximately $111,000. Finally, XTX Topco Ltd acquired a new stake in Chicago Atlantic BDC in the second quarter valued at approximately $112,000. Institutional investors own 4.36% of the company's stock.
About Chicago Atlantic BDC
(
Get Free Report)
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.
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