Chicago Atlantic BDC (NASDAQ:LIEN – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13), FiscalAI reports. Chicago Atlantic BDC had a net margin of 57.88% and a return on equity of 11.67%. The firm had revenue of $13.97 million for the quarter, compared to the consensus estimate of $16.23 million.
Chicago Atlantic BDC Stock Performance
NASDAQ:LIEN traded down $0.26 during trading hours on Thursday, reaching $9.44. The stock had a trading volume of 71,194 shares, compared to its average volume of 71,726. The stock has a market cap of $215.42 million, a P/E ratio of 6.29 and a beta of 0.28. The stock has a 50 day simple moving average of $9.78 and a 200 day simple moving average of $9.80. Chicago Atlantic BDC has a 12-month low of $8.92 and a 12-month high of $11.44.
Chicago Atlantic BDC Dividend Announcement
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 dividend on an annualized basis and a yield of 14.4%. The ex-dividend date of this dividend is Friday, September 25th. Chicago Atlantic BDC’s dividend payout ratio (DPR) is currently 90.67%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Chicago Atlantic BDC
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of LIEN. Corient Private Wealth LLC lifted its position in shares of Chicago Atlantic BDC by 9.9% during the fourth quarter. Corient Private Wealth LLC now owns 382,865 shares of the company’s stock worth $3,955,000 after acquiring an additional 34,423 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Chicago Atlantic BDC by 227.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 195,884 shares of the company’s stock valued at $2,057,000 after purchasing an additional 136,110 shares in the last quarter. Northeast Financial Consultants Inc purchased a new position in shares of Chicago Atlantic BDC in the second quarter valued at $851,000. Millennium Management LLC raised its stake in shares of Chicago Atlantic BDC by 172.3% during the 3rd quarter. Millennium Management LLC now owns 48,547 shares of the company’s stock valued at $510,000 after purchasing an additional 30,718 shares during the period. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Chicago Atlantic BDC during the 2nd quarter valued at $111,000. 4.36% of the stock is currently owned by hedge funds and other institutional investors.
Chicago Atlantic BDC Company Profile
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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