Ritholtz Wealth Management purchased a new stake in shares of Chicago Atlantic BDC, Inc. (NASDAQ:LIEN – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor purchased 34,911 shares of the company’s stock, valued at approximately $361,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Firethorn Wealth Partners LLC acquired a new position in Chicago Atlantic BDC during the second quarter valued at approximately $201,000. Twelve Points Wealth Management LLC acquired a new position in Chicago Atlantic BDC during the second quarter valued at approximately $272,000. Seneca House Advisors acquired a new position in Chicago Atlantic BDC during the second quarter valued at approximately $367,000. Finally, Apollon Wealth Management LLC acquired a new position in Chicago Atlantic BDC during the second quarter valued at approximately $1,060,000. 4.36% of the stock is owned by institutional investors and hedge funds.
Chicago Atlantic BDC Trading Up 0.7%
NASDAQ LIEN opened at $10.10 on Tuesday. The company’s fifty day simple moving average is $10.72 and its 200-day simple moving average is $10.46. Chicago Atlantic BDC, Inc. has a 52 week low of $9.70 and a 52 week high of $13.25. The stock has a market cap of $230.48 million, a P/E ratio of 27.30 and a beta of 0.27.
Chicago Atlantic BDC Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were paid a dividend of $0.34 per share. The ex-dividend date was Monday, September 29th. This represents a $1.36 annualized dividend and a yield of 13.5%. Chicago Atlantic BDC’s payout ratio is presently 367.57%.
Analyst Ratings Changes
Separately, Zacks Research raised shares of Chicago Atlantic BDC to a “hold” rating in a research report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.
Get Our Latest Stock Report on LIEN
Chicago Atlantic BDC 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.
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