Chicago Atlantic BDC (NASDAQ:LIEN) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Chicago Atlantic BDC (NASDAQ:LIEN) announced its quarterly earnings results on Thursday. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.36 by $0.08, Zacks reports. Chicago Atlantic BDC had a net margin of 57.88% and a return on equity of 11.69%. The company had revenue of $16.70 million for the quarter, compared to analyst estimates of $14.31 million.

Here are the key takeaways from Chicago Atlantic BDC’s conference call:

• Chicago Atlantic BDC reported record first-quarter 2026 net investment income of $10 million, or $0.44 per share, supported by strong originations and higher interest and fee income.
• The company funded a record $93.9 million across seven portfolio companies, including three new borrowers, expanding the portfolio to its largest level in company history.
• Management highlighted a $0.34 quarterly dividend, marking the seventh consecutive quarter at that payout level, which they said reflects the durability of the business model.
• The portfolio remains conservatively structured, with 100% senior-secured debt, no non-accruals, and only 0.18x debt-to-equity leverage, leaving room for additional borrowing capacity.
• Executives said the April DOJ move to reschedule state-licensed medical cannabis to Schedule III could improve borrower cash flow and credit quality, while potentially boosting M&A and capital markets activity in the industry.

Chicago Atlantic BDC Price Performance

Shares of NASDAQ LIEN traded down $0.13 during trading hours on Friday, hitting $9.70. 80,652 shares of the stock were exchanged, compared to its average volume of 63,536. The company’s 50 day moving average is $9.54 and its 200 day moving average is $10.12. Chicago Atlantic BDC has a one year low of $8.92 and a one year high of $11.44. The firm has a market capitalization of $221.35 million, a P/E ratio of 6.47 and a beta of 0.25.

Chicago Atlantic BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 14.0%. The ex-dividend date of this dividend is Friday, June 26th. Chicago Atlantic BDC’s dividend payout ratio is currently 170.00%.

Hedge Funds Weigh In On Chicago Atlantic BDC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC boosted its position in 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 purchasing an additional 34,423 shares during the period. Triumph Capital Management bought a new position in Chicago Atlantic BDC during the fourth quarter worth $32,000. Northwestern Mutual Wealth Management Co. bought a new position in Chicago Atlantic BDC during the fourth quarter worth $63,000. Millennium Management LLC boosted its position in Chicago Atlantic BDC by 172.3% during the third quarter. Millennium Management LLC now owns 48,547 shares of the company’s stock worth $510,000 after purchasing an additional 30,718 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Chicago Atlantic BDC by 227.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 195,884 shares of the company’s stock worth $2,057,000 after purchasing an additional 136,110 shares during the period. 4.36% of the stock is owned by 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.