Chicago Atlantic BDC (NASDAQ:LIEN) Cut to “Hold” at Zacks Research

Chicago Atlantic BDC (NASDAQ:LIEN – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Chicago Atlantic BDC Trading Down 0.1%

Shares of LIEN opened at $9.88 on Monday. The stock has a 50 day simple moving average of $9.85 and a 200-day simple moving average of $9.94. Chicago Atlantic BDC has a 1 year low of $8.92 and a 1 year high of $11.44. The stock has a market cap of $225.46 million, a PE ratio of 6.59 and a beta of 0.27.

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Chicago Atlantic BDC (NASDAQ:LIEN – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08. The firm had revenue of $16.70 million for the quarter, compared to the consensus estimate of $14.31 million. Chicago Atlantic BDC had a return on equity of 11.67% and a net margin of 57.88%. On average, sell-side analysts forecast that Chicago Atlantic BDC will post 1.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Triumph Capital Management acquired a new stake in Chicago Atlantic BDC during the fourth quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. bought a new position in Chicago Atlantic BDC in the fourth quarter valued at about $63,000. Mather Group LLC. bought a new stake in shares of Chicago Atlantic BDC during the 4th quarter valued at approximately $106,000. SteelPeak Wealth LLC acquired a new stake in shares of Chicago Atlantic BDC during the 4th quarter valued at $110,000. Finally, Westwood Holdings Group Inc. acquired a new stake in shares of Chicago Atlantic BDC during the second quarter valued at about $111,000. 4.36% of the stock is currently owned by institutional investors.

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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