Key Points
- CIO Scott Gordon bought 7,500 Chicago Atlantic BDC shares at an average price of $9.70, increasing his position by 9.48% to 86,608 shares. He also made five additional purchases from August 17–24, totaling significant insider buying.
- Chicago Atlantic BDC reported quarterly EPS of $0.34, below the $0.40 analyst 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, equivalent to an annualized $1.36 payout and a 13.4% yield; analysts’ average rating remains “Hold” following a Zacks downgrade.
Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report) CIO Scott Gordon bought 1,520 shares of the stock in a transaction dated Monday, August 24th. The shares were acquired at an average cost of $10.11 per share, for a total transaction of $15,367.20. Following the completion of the acquisition, the executive directly owned 88,323 shares of the company's stock, valued at approximately $892,945.53. This trade represents a 1.75% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Scott Gordon also recently made the following trade(s):
- On Thursday, August 20th, Scott Gordon purchased 7,500 shares of Chicago Atlantic BDC stock. The stock was bought at an average price of $9.70 per share, with a total value of $72,750.00.
- On Friday, August 21st, Scott Gordon purchased 195 shares of Chicago Atlantic BDC stock. The stock was bought at an average price of $9.95 per share, with a total value of $1,940.25.
- On Wednesday, August 19th, Scott Gordon purchased 8,200 shares of Chicago Atlantic BDC stock. The shares were bought at an average cost of $9.57 per share, for a total transaction of $78,474.00.
- On Tuesday, August 18th, Scott Gordon acquired 17,584 shares of Chicago Atlantic BDC stock. The stock was bought 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 shares were bought at an average price of $9.54 per share, with a total value of $174,582.00.
Chicago Atlantic BDC Stock Performance
NASDAQ:LIEN opened at $10.15 on Tuesday. The company has a market cap of $231.62 million, a price-to-earnings ratio of 7.30 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a fifty-two week low of $8.92 and a fifty-two week high of $11.44. The stock has a fifty day moving average price of $9.75 and a 200-day moving average price of $9.75.
Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.06). The company had revenue of $13.97 million during the quarter, compared to the consensus estimate of $16.23 million. Chicago Atlantic BDC had a return on equity of 11.66% and a net margin of 52.82%. Research analysts predict that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current fiscal year.
Chicago Atlantic BDC Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 13.4%. The ex-dividend date of this dividend is Friday, September 25th. Chicago Atlantic BDC's dividend payout ratio (DPR) is currently 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 research report on Monday, July 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold".
Read Our Latest Report on LIEN
Institutional Trading of Chicago Atlantic BDC
Institutional investors and hedge funds have recently modified their holdings of the business. Compass Financial Management LLC acquired a new stake in Chicago Atlantic BDC in the second quarter valued at about $104,000. Triumph Capital Management raised its stake in Chicago Atlantic BDC by 56.2% during the second quarter. Triumph Capital Management now owns 6,725 shares of the company's stock worth $66,000 after acquiring an additional 2,420 shares in the last quarter. Corient Private Wealth LP bought a new position in shares of Chicago Atlantic BDC in the second quarter worth about $1,845,000. Partners Capital Investment Group LLP bought a new position in shares of Chicago Atlantic BDC in the second quarter worth about $1,420,000. Finally, BlackRock Inc. acquired a new stake in shares of Chicago Atlantic BDC in the 2nd quarter valued at approximately $728,000. 4.36% of the stock is currently owned by institutional investors.
Chicago Atlantic BDC Company Profile
(
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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