Insider Buying: Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Insider Purchases 1,000 Shares of Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) insider Umesh Mahajan purchased 1,000 shares of Chicago Atlantic BDC stock in a transaction that occurred on Friday, June 6th. The shares were bought at an average price of $10.30 per share, for a total transaction of $10,300.00. Following the transaction, the insider now directly owns 2,712 shares of the company’s stock, valued at $27,933.60. This trade represents a 58.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Umesh Mahajan also recently made the following trade(s):

• On Thursday, June 5th, Umesh Mahajan acquired 1,112 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $10.23 per share, for a total transaction of $11,375.76.
• On Thursday, April 10th, Umesh Mahajan bought 600 shares of Chicago Atlantic BDC stock. The shares were purchased at an average price of $10.74 per share, for a total transaction of $6,444.00.

Chicago Atlantic BDC Trading Down 5.7%

Shares of NASDAQ LIEN traded down $0.59 on Monday, reaching $9.75. 121,895 shares of the company’s stock traded hands, compared to its average volume of 18,750. Chicago Atlantic BDC, Inc. has a 12 month low of $9.70 and a 12 month high of $13.38. The stock has a market cap of $222.50 million, a P/E ratio of 14.77 and a beta of 0.25. The company has a 50 day moving average of $10.40.

Chicago Atlantic BDC (NASDAQ:LIEN) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.68). The company had revenue of $11.92 million for the quarter, compared to the consensus estimate of $10.70 million. Chicago Atlantic BDC had a net margin of 32.69% and a return on equity of 3.80%. Analysts expect that Chicago Atlantic BDC, Inc. will post 0.76 earnings per share for the current year.

Chicago Atlantic BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a $0.34 dividend. The ex-dividend date is Friday, June 27th. This represents a $1.36 annualized dividend and a yield of 13.95%. Chicago Atlantic BDC’s dividend payout ratio (DPR) is presently 680.00%.

Analyst Ratings Changes

Several research firms recently weighed in on LIEN. Redburn Atlantic upgraded Chicago Atlantic BDC to a “hold” rating in a research report on Tuesday, April 22nd. Oppenheimer started coverage on shares of Chicago Atlantic BDC in a report on Tuesday, April 22nd. They set a “market perform” rating on the stock.

About Chicago Atlantic BDC

Chicago Atlantic BDC Inc is a specialty finance company which has elected to be regulated as a business development company. Its investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a primary focus on cannabis companies.