Key Points
- CIO Scott Gordon continued buying Chicago Atlantic BDC shares, purchasing 2,483 shares for about $25,202 at an average price of $10.15. The purchase increased his direct stake by 2.8% to 91,056 shares, following several other acquisitions in August.
- Chicago Atlantic BDC recently reported weaker-than-expected quarterly results, with earnings of $0.34 per share versus the $0.40 analyst estimate and revenue of $13.97 million versus $16.23 million expected.
- The company declared a quarterly dividend of $0.34 per share, equal to an annualized $1.36 payout and a 13.4% dividend yield. Analysts maintain a consensus “Hold” rating, while the stock recently traded near $10.14.
Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report) CIO Scott Gordon bought 2,483 shares of Chicago Atlantic BDC stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average price of $10.15 per share, with a total value of $25,202.45. Following the purchase, the executive directly owned 91,056 shares in the company, valued at approximately $924,218.40. This trade represents a 2.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Scott Gordon also recently made the following trade(s):
- On Thursday, August 27th, Scott Gordon purchased 5,000 shares of Chicago Atlantic BDC stock. The shares were purchased at an average price of $10.19 per share, for a total transaction of $50,950.00.
- On Tuesday, August 25th, Scott Gordon purchased 250 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $10.12 per share, with a total value of $2,530.00.
- On Thursday, August 20th, Scott Gordon acquired 7,500 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $9.70 per share, with a total value of $72,750.00.
- On Monday, August 24th, Scott Gordon acquired 1,520 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $10.11 per share, with a total value of $15,367.20.
- On Friday, August 21st, Scott Gordon acquired 195 shares of Chicago Atlantic BDC stock. The stock was acquired 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 acquired at an average price of $9.57 per share, for a total transaction of $78,474.00.
- On Tuesday, August 18th, Scott Gordon bought 17,584 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost 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 acquired at an average cost of $9.54 per share, with a total value of $174,582.00.
Chicago Atlantic BDC Price Performance
LIEN opened at $10.14 on Friday. Chicago Atlantic BDC, Inc. has a 12 month low of $8.92 and a 12 month high of $11.44. The stock has a market capitalization of $231.39 million, a P/E ratio of 7.30 and a beta of 0.28. The business has a 50 day simple moving average of $9.75 and a 200-day simple moving average of $9.75.
Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.06). The business 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%. Research analysts anticipate that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current year.
Chicago Atlantic BDC Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.4%. Chicago Atlantic BDC's dividend payout ratio is 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 investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Chicago Atlantic BDC has a consensus rating of "Hold".
View Our Latest Report on LIEN
Institutional Investors Weigh In On Chicago Atlantic BDC
A number of institutional investors and hedge funds have recently modified their holdings of LIEN. Triumph Capital Management purchased a new position in Chicago Atlantic BDC in the 4th quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Chicago Atlantic BDC in the fourth quarter valued at $63,000. Compass Financial Management LLC acquired a new stake in Chicago Atlantic BDC in the second quarter valued at $104,000. Westwood Holdings Group Inc. purchased a new position in shares of Chicago Atlantic BDC in the second quarter valued at $111,000. Finally, XTX Topco Ltd purchased a new position in shares of Chicago Atlantic BDC in the second quarter valued at $112,000. Institutional investors and hedge funds 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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