Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Insider Umesh Mahajan Buys 1,112 Shares

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) insider Umesh Mahajan purchased 1,112 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was bought at an average price of $10.23 per share, for a total transaction of $11,375.76. Following the completion of the transaction, the insider now directly owns 1,712 shares in the company, valued at approximately $17,513.76. The trade was a 185.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Friday, June 6th, Umesh Mahajan purchased 1,000 shares of Chicago Atlantic BDC stock. The stock was bought at an average price of $10.30 per share, for a total transaction of $10,300.00.
• On Thursday, April 10th, Umesh Mahajan acquired 600 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $10.74 per share, with a total value of $6,444.00.

Chicago Atlantic BDC Price Performance

Shares of NASDAQ:LIEN opened at $9.75 on Tuesday. Chicago Atlantic BDC, Inc. has a one year low of $9.70 and a one year high of $13.38. The company has a 50 day moving average of $10.37 and a 200-day moving average of $11.38. The stock has a market cap of $222.50 million, a price-to-earnings ratio of 14.77 and a beta of 0.25.

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

Chicago Atlantic BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 13.95%. The ex-dividend date of this dividend is Friday, June 27th. Chicago Atlantic BDC’s dividend payout ratio is currently 680.00%.

Wall Street Analyst Weigh In

LIEN has been the subject of a number of analyst reports. Redburn Atlantic raised shares of Chicago Atlantic BDC to a “hold” rating in a report on Tuesday, April 22nd. Oppenheimer started coverage on shares of Chicago Atlantic BDC in a research report on Tuesday, April 22nd. They issued a “market perform” rating for the company.

Chicago Atlantic BDC Company Profile

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.