Chicago Atlantic BDC (NASDAQ:LIEN) CIO Scott Gordon Buys 2,483 Shares

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CIO Scott Gordon purchased 2,483 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was acquired at an average price of $10.15 per share, for a total transaction of $25,202.45. Following the completion of the purchase, the executive owned 91,056 shares of the company’s stock, valued at $924,218.40. This represents a 2.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Scott Gordon also recently made the following trade(s):

• On Thursday, August 27th, Scott Gordon acquired 5,000 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $10.19 per share, with a total value of $50,950.00.
• On Tuesday, August 25th, Scott Gordon acquired 250 shares of Chicago Atlantic BDC stock. The stock was acquired at an average price of $10.12 per share, for a total transaction of $2,530.00.
• On Thursday, August 20th, Scott Gordon bought 7,500 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $9.70 per share, for a total transaction of $72,750.00.
• On Monday, August 24th, Scott Gordon bought 1,520 shares of Chicago Atlantic BDC stock. The shares were acquired at an average price 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 shares were acquired at an average price of $9.95 per share, with a total value of $1,940.25.
• On Wednesday, August 19th, Scott Gordon purchased 8,200 shares of Chicago Atlantic BDC stock. The stock was acquired at an average cost of $9.57 per share, with a total value of $78,474.00.
• On Tuesday, August 18th, Scott Gordon purchased 17,584 shares of Chicago Atlantic BDC stock. The stock was bought at an average price of $9.54 per share, for a total transaction 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, for a total transaction of $174,582.00.

Chicago Atlantic BDC Trading Down 0.1%

LIEN stock opened at $10.14 on Friday. The stock has a market cap of $231.39 million, a P/E ratio of 7.30 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a twelve month low of $8.92 and a twelve month high of $11.44. The company’s 50 day moving average is $9.75 and its two-hundred day moving average is $9.75.

Chicago Atlantic BDC (NASDAQ:LIEN) last issued its earnings results on Wednesday, August 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). Chicago Atlantic BDC had a net margin of 52.82% and a return on equity of 11.66%. The company had revenue of $13.97 million during the quarter, compared to analyst estimates of $16.23 million. On average, equities research analysts predict that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current year.

Chicago Atlantic BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.36 annualized dividend and a dividend yield of 13.4%. Chicago Atlantic BDC’s dividend payout ratio (DPR) is presently 97.84%.

Institutional Trading of Chicago Atlantic BDC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Partners Capital Investment Group LLP acquired a new stake in Chicago Atlantic BDC during the 2nd quarter worth approximately $1,420,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Chicago Atlantic BDC in the fourth quarter valued at approximately $63,000. Triumph Capital Management acquired a new position in shares of Chicago Atlantic BDC in the fourth quarter valued at approximately $32,000. Compass Financial Management LLC purchased a new stake in shares of Chicago Atlantic BDC during the second quarter worth approximately $104,000. Finally, BlackRock Inc. purchased a new stake in shares of Chicago Atlantic BDC during the second quarter worth approximately $728,000. 4.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Chicago Atlantic BDC from a “strong-buy” rating to a “hold” rating in a 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 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.