Firethorn Wealth Partners LLC Makes New Investment in Chicago Atlantic BDC, Inc. $LIEN

Firethorn Wealth Partners LLC purchased a new position in shares of Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,415 shares of the company’s stock, valued at approximately $201,000.

Separately, Seneca House Advisors purchased a new stake in Chicago Atlantic BDC during the 2nd quarter worth about $367,000. 4.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Zacks Research raised Chicago Atlantic BDC to a “hold” rating in a report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Chicago Atlantic BDC Stock Performance

Chicago Atlantic BDC stock opened at $10.50 on Friday. Chicago Atlantic BDC, Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $13.38. The company has a market capitalization of $239.61 million, a P/E ratio of 28.38 and a beta of 0.27. The stock has a 50-day simple moving average of $10.70 and a 200-day simple moving average of $10.54.

Chicago Atlantic BDC (NASDAQ:LIEN) last posted its earnings results on Thursday, August 14th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Chicago Atlantic BDC had a net margin of 21.50% and a return on equity of 3.25%. The firm had revenue of $13.08 million during the quarter, compared to analysts’ expectations of $13.10 million. As a group, analysts forecast that Chicago Atlantic BDC, Inc. will post 0.76 earnings per share for the current year.

Chicago Atlantic BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 13.0%. The ex-dividend date is Monday, September 29th. Chicago Atlantic BDC’s payout ratio is 367.57%.

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.