Chicago Atlantic BDC (NASDAQ:LIEN) Issues Earnings Results, Misses Estimates By $0.13 EPS

Chicago Atlantic BDC (NASDAQ:LIEN) released its earnings results on Wednesday. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.13), FiscalAI reports. Chicago Atlantic BDC had a return on equity of 11.67% and a net margin of 57.88%.The business had revenue of $13.97 million for the quarter, compared to the consensus estimate of $16.23 million.

Chicago Atlantic BDC Stock Down 2.5%

Shares of LIEN stock traded down $0.24 on Thursday, reaching $9.46. The company’s stock had a trading volume of 64,298 shares, compared to its average volume of 71,661. The company has a market capitalization of $215.76 million, a P/E ratio of 6.30 and a beta of 0.28. The stock’s 50 day simple moving average is $9.78 and its 200-day simple moving average is $9.80. Chicago Atlantic BDC has a 12-month low of $8.92 and a 12-month high of $11.44.

Institutional Trading of Chicago Atlantic BDC

A number of large investors have recently modified their holdings of the business. Corient Private Wealth LLC increased its position in shares of 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 purchasing an additional 34,423 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $2,057,000 after purchasing an additional 136,110 shares during the last quarter. Northeast Financial Consultants Inc purchased a new position in Chicago Atlantic BDC in the 2nd quarter worth approximately $851,000. Millennium Management LLC grew its stake in Chicago Atlantic BDC by 172.3% in the 3rd quarter. Millennium Management LLC now owns 48,547 shares of the company’s stock worth $510,000 after buying an additional 30,718 shares in the last quarter. Finally, Westwood Holdings Group Inc. bought a new position in shares of Chicago Atlantic BDC in the 2nd quarter worth $111,000. Institutional investors own 4.36% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Chicago Atlantic BDC from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.