Chicago Atlantic BDC, Inc. (NASDAQ:LIEN – Get Free Report) CIO Scott Gordon acquired 7,500 shares of the stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of $9.70 per share, with a total value of $72,750.00. Following the transaction, the executive directly owned 86,608 shares of the company’s stock, valued at $840,097.60. The trade was a 9.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Scott Gordon also recently made the following trade(s):
- On Monday, August 24th, Scott Gordon acquired 1,520 shares of Chicago Atlantic BDC stock. The stock was acquired at an average cost 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 stock was acquired at an average price 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 shares were 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 stock was acquired 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 stock was 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 NASDAQ LIEN opened at $10.15 on Tuesday. The business’s 50 day moving average is $9.75 and its two-hundred day moving average is $9.75. Chicago Atlantic BDC, Inc. has a 1-year low of $8.92 and a 1-year high of $11.44. The stock has a market capitalization of $231.62 million, a P/E ratio of 7.30 and a beta of 0.28.
Chicago Atlantic BDC Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 13.4%. The ex-dividend date is Friday, September 25th. Chicago Atlantic BDC’s dividend payout ratio is presently 97.84%.
Wall Street Analysts Forecast Growth
Separately, Zacks Research cut shares of Chicago Atlantic BDC from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Chicago Atlantic BDC presently has an average rating of “Hold”.
Read Our Latest Stock Report on Chicago Atlantic BDC
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the business. Triumph Capital Management grew its stake in shares of Chicago Atlantic BDC by 56.2% during the second quarter. Triumph Capital Management now owns 6,725 shares of the company’s stock valued at $66,000 after buying an additional 2,420 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Chicago Atlantic BDC during the 4th quarter worth approximately $63,000. Compass Financial Management LLC bought a new stake in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $104,000. Westwood Holdings Group Inc. purchased a new position in Chicago Atlantic BDC during the 2nd quarter valued at $111,000. Finally, XTX Topco Ltd purchased a new position in Chicago Atlantic BDC during the 2nd quarter valued at $112,000. Hedge funds and other institutional investors own 4.36% of the company’s stock.
About Chicago Atlantic BDC
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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