Scott Gordon Acquires 8,200 Shares of Chicago Atlantic BDC (NASDAQ:LIEN) Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIENGet Free Report) CIO Scott Gordon bought 8,200 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was bought at an average cost of $9.57 per share, for a total transaction of $78,474.00. Following the transaction, the executive directly owned 79,108 shares of the company’s stock, valued at $757,063.56. The trade was a 11.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Scott Gordon also recently made the following trade(s):

  • On Tuesday, August 18th, Scott Gordon bought 17,584 shares of Chicago Atlantic BDC stock. The shares were bought at an average cost of $9.54 per share, with a total value of $167,751.36.
  • On Monday, August 17th, Scott Gordon purchased 18,300 shares of Chicago Atlantic BDC stock. The shares were bought at an average price of $9.54 per share, with a total value of $174,582.00.

Chicago Atlantic BDC Price Performance

Shares of LIEN opened at $9.78 on Friday. The firm has a 50-day simple moving average of $9.74 and a two-hundred day simple moving average of $9.75. The stock has a market cap of $223.19 million, a PE ratio of 7.04 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a 1-year low of $8.92 and a 1-year high of $11.44.

Chicago Atlantic BDC (NASDAQ:LIENGet Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.06). Chicago Atlantic BDC had a return on equity of 11.66% and a net margin of 52.82%.The company had revenue of $13.97 million during the quarter, compared to analyst estimates of $16.23 million. As a group, sell-side analysts expect that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 13.9%. The ex-dividend date of this dividend is Friday, September 25th. Chicago Atlantic BDC’s payout ratio is currently 97.84%.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Chicago Atlantic BDC from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Chicago Atlantic BDC currently has an average rating of “Hold”.

View Our Latest Analysis on LIEN

Institutional Investors Weigh In On Chicago Atlantic BDC

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Triumph Capital Management lifted its position in shares of Chicago Atlantic BDC by 56.2% during the 2nd quarter. Triumph Capital Management now owns 6,725 shares of the company’s stock worth $66,000 after purchasing an additional 2,420 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Chicago Atlantic BDC in the fourth quarter valued at $63,000. Compass Financial Management LLC purchased a new position in Chicago Atlantic BDC in the second quarter valued at $104,000. Westwood Holdings Group Inc. acquired a new stake in Chicago Atlantic BDC in the second quarter valued at $111,000. Finally, XTX Topco Ltd acquired a new stake in Chicago Atlantic BDC in the second quarter valued at $112,000. 4.36% of the stock is currently owned by institutional investors and hedge funds.

Chicago Atlantic BDC Company Profile

(Get Free Report)

Chicago Atlantic BDC (NASDAQ:LIEN) is a closed-end management investment company organized as a business development company (BDC). It focuses on providing debt and equity financing solutions to U.S. middle-market companies that demonstrate strong growth potential. Through its public listing, the company offers investors exposure to a diversified portfolio of private credit and equity investments aimed at delivering attractive risk-adjusted returns.

The company’s investment strategy centers on structuring customized credit facilities, including senior secured loans, unitranche loans, mezzanine debt and equity co-investments.

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