Mesirow Financial Investment Management Inc. Invests $129,000 in Chicago Atlantic BDC, Inc. $LIEN

Mesirow Financial Investment Management Inc. bought a new stake in Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 12,433 shares of the company’s stock, valued at approximately $129,000.

Several other large investors also recently made changes to their positions in LIEN. Apollon Wealth Management LLC acquired a new stake in shares of Chicago Atlantic BDC in the 2nd quarter valued at about $1,060,000. Seneca House Advisors acquired a new stake in shares of Chicago Atlantic BDC in the 2nd quarter valued at about $367,000. Ritholtz Wealth Management acquired a new stake in shares of Chicago Atlantic BDC in the 2nd quarter valued at about $361,000. Twelve Points Wealth Management LLC acquired a new stake in shares of Chicago Atlantic BDC in the 2nd quarter valued at about $272,000. Finally, Firethorn Wealth Partners LLC acquired a new stake in shares of Chicago Atlantic BDC in the 2nd quarter valued at about $201,000. 4.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Chicago Atlantic BDC to a “hold” rating in a research note on Wednesday, August 20th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Chicago Atlantic BDC Stock Performance

LIEN stock opened at $10.22 on Monday. The company has a market capitalization of $233.22 million, a P/E ratio of 27.62 and a beta of 0.27. Chicago Atlantic BDC, Inc. has a 52-week low of $9.70 and a 52-week high of $13.24. The business has a 50-day simple moving average of $10.63 and a two-hundred day simple moving average of $10.42.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $3.36 million during the quarter. Chicago Atlantic BDC had a return on equity of 3.25% and a net margin of 21.50%. As a group, sell-side analysts forecast that Chicago Atlantic BDC, Inc. will post 0.76 earnings per share for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 13.3%. Chicago Atlantic BDC’s payout ratio is 367.57%.

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.