Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Sees Significant Decrease in Short Interest

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 9,762 shares, a drop of 15.7% from the February 26th total of 11,580 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 39,081 shares, the days-to-cover ratio is currently 0.2 days.

Chicago Atlantic BDC Stock Up 0.5%

LIEN traded up $0.05 during midday trading on Tuesday, hitting $9.36. 46,148 shares of the company were exchanged, compared to its average volume of 75,502. The firm’s 50 day moving average price is $10.11 and its 200-day moving average price is $10.39. The firm has a market capitalization of $213.48 million, a P/E ratio of 11.69 and a beta of 0.27. Chicago Atlantic BDC has a 1-year low of $9.16 and a 1-year high of $11.57.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its earnings results on Thursday, March 19th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $14.23 million for the quarter, compared to analyst estimates of $13.41 million. Chicago Atlantic BDC had a net margin of 33.24% and a return on equity of 5.88%. On average, sell-side analysts predict that Chicago Atlantic BDC will post 0.76 earnings per share for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 30th will be paid a dividend of $0.34 per share. The ex-dividend date is Monday, March 30th. This represents a $1.36 annualized dividend and a yield of 14.5%. Chicago Atlantic BDC’s dividend payout ratio (DPR) is 170.00%.

Institutional Investors Weigh In On Chicago Atlantic BDC

A number of hedge funds have recently modified their holdings of LIEN. Corient Private Wealth LLC increased its position in Chicago Atlantic BDC by 9.9% in the fourth quarter. Corient Private Wealth LLC now owns 382,865 shares of the company’s stock worth $3,955,000 after buying an additional 34,423 shares during the last quarter. Triumph Capital Management purchased a new stake in shares of Chicago Atlantic BDC during the 4th quarter valued at approximately $32,000. Closed End Fund Advisors Inc. bought a new position in shares of Chicago Atlantic BDC in the fourth quarter worth $131,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Chicago Atlantic BDC during the 4th quarter valued at $63,000. Finally, Shade Tree Advisors LLC purchased a new stake in Chicago Atlantic BDC during the 4th quarter worth about $179,000. Institutional investors own 4.36% of the company’s stock.

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.