Chicago Atlantic BDC (NASDAQ:LIEN) CIO Scott Gordon Purchases 5,000 Shares of Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIENGet Free Report) CIO Scott Gordon acquired 5,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were purchased at an average cost of $10.19 per share, for a total transaction of $50,950.00. Following the completion of the acquisition, the executive directly owned 96,056 shares in the company, valued at approximately $978,810.64. The trade was a 5.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, August 26th, Scott Gordon bought 2,483 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $10.15 per share, with a total value of $25,202.45.
  • On Tuesday, August 25th, Scott Gordon purchased 250 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $10.12 per share, for a total transaction of $2,530.00.
  • On Thursday, August 20th, Scott Gordon acquired 7,500 shares of Chicago Atlantic BDC stock. The stock was purchased at an average cost of $9.70 per share, with a total value of $72,750.00.
  • On Monday, August 24th, Scott Gordon acquired 1,520 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $10.11 per share, with a total value of $15,367.20.
  • On Friday, August 21st, Scott Gordon bought 195 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $9.95 per share, for a total transaction of $1,940.25.
  • On Wednesday, August 19th, Scott Gordon bought 8,200 shares of Chicago Atlantic BDC stock. The stock was acquired at an average price of $9.57 per share, for a total transaction of $78,474.00.
  • On Tuesday, August 18th, Scott Gordon purchased 17,584 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $9.54 per share, with a total value of $167,751.36.
  • On Monday, August 17th, Scott Gordon acquired 18,300 shares of Chicago Atlantic BDC stock. The stock was acquired at an average cost of $9.54 per share, for a total transaction of $174,582.00.

Chicago Atlantic BDC Price Performance

NASDAQ LIEN opened at $10.14 on Friday. The business’s fifty day moving average is $9.75 and its 200-day moving average is $9.75. The stock has a market capitalization of $231.39 million, a price-to-earnings ratio of 7.30 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a one year low of $8.92 and a one year high of $11.44.

Chicago Atlantic BDC (NASDAQ:LIENGet Free Report) last announced its quarterly earnings data on Wednesday, August 12th. 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 the consensus estimate of $16.23 million. Research analysts expect that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be paid a $0.34 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.36 annualized dividend and a yield of 13.4%. Chicago Atlantic BDC’s dividend payout ratio is presently 97.84%.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on LIEN

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LIEN. Compass Financial Management LLC purchased a new position in shares of Chicago Atlantic BDC in the second quarter valued at $104,000. Triumph Capital Management boosted its holdings in Chicago Atlantic BDC by 56.2% in the 2nd quarter. Triumph Capital Management now owns 6,725 shares of the company’s stock valued at $66,000 after purchasing an additional 2,420 shares during the period. Corient Private Wealth LP purchased a new position in Chicago Atlantic BDC during the second quarter worth about $1,845,000. Partners Capital Investment Group LLP purchased a new position in shares of Chicago Atlantic BDC during the second quarter worth about $1,420,000. Finally, BlackRock Inc. purchased a new position in Chicago Atlantic BDC in the 2nd quarter worth approximately $728,000. 4.36% of the stock is owned by institutional investors.

About Chicago Atlantic BDC

(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.

See Also

Insider Buying and Selling by Quarter for Chicago Atlantic BDC (NASDAQ:LIEN)

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