Short Interest in Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Declines By 21.3%

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 10,631 shares, a drop of 21.3% from the January 15th total of 13,501 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 148,163 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 148,163 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Chicago Atlantic BDC

A number of institutional investors have recently modified their holdings of the business. Triumph Capital Management acquired a new stake in Chicago Atlantic BDC during the 4th quarter worth $32,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Chicago Atlantic BDC in the fourth quarter valued at about $63,000. Bernardo Wealth Planning LLC acquired a new stake in shares of Chicago Atlantic BDC during the second quarter worth about $106,000. Sage Mountain Advisors LLC acquired a new stake in shares of Chicago Atlantic BDC during the second quarter worth about $106,000. Finally, Mather Group LLC. purchased a new position in shares of Chicago Atlantic BDC during the fourth quarter worth about $106,000. 4.36% of the stock is owned by institutional investors and hedge funds.

Chicago Atlantic BDC Stock Performance

Shares of LIEN stock traded up $0.04 during mid-day trading on Monday, hitting $10.25. 25,100 shares of the stock were exchanged, compared to its average volume of 105,708. The stock’s fifty day simple moving average is $10.51 and its two-hundred day simple moving average is $10.55. Chicago Atlantic BDC has a 12-month low of $9.58 and a 12-month high of $12.65. The stock has a market capitalization of $233.91 million, a price-to-earnings ratio of 12.97 and a beta of 0.26.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its earnings results on Thursday, November 13th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. The firm had revenue of $15.07 billion during the quarter, compared to analysts’ expectations of $13.46 million. Chicago Atlantic BDC had a return on equity of 5.80% and a net margin of 33.72%. On average, research analysts expect that Chicago Atlantic BDC will post 0.76 earnings per share for the current fiscal year.

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.