Chicago Atlantic BDC (NASDAQ:LIEN) CIO Acquires $50,950.00 in Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIENGet Free Report) CIO Scott Gordon purchased 5,000 shares of the stock in a transaction dated Thursday, August 27th. The stock was acquired at an average price of $10.19 per share, for a total transaction of $50,950.00. Following the completion of the transaction, the executive directly owned 96,056 shares of the company’s stock, valued at approximately $978,810.64. The trade was a 5.49% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Wednesday, August 26th, Scott Gordon acquired 2,483 shares of Chicago Atlantic BDC stock. The shares were bought at an average price of $10.15 per share, with a total value of $25,202.45.
  • On Tuesday, August 25th, Scott Gordon bought 250 shares of Chicago Atlantic BDC stock. The stock was bought at an average cost 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 bought at an average price of $9.70 per share, for a total transaction of $72,750.00.
  • On Monday, August 24th, Scott Gordon acquired 1,520 shares of Chicago Atlantic BDC stock. The stock was bought at an average price of $10.11 per share, for a total transaction of $15,367.20.
  • On Friday, August 21st, Scott Gordon acquired 195 shares of Chicago Atlantic BDC stock. The shares were bought at an average cost of $9.95 per share, for a total transaction of $1,940.25.
  • On Wednesday, August 19th, Scott Gordon bought 8,200 shares of Chicago Atlantic BDC stock. The stock was purchased at an average cost of $9.57 per share, with a total value of $78,474.00.
  • On Tuesday, August 18th, Scott Gordon bought 17,584 shares of Chicago Atlantic BDC stock. The stock was purchased 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 shares were purchased at an average cost of $9.54 per share, for a total transaction of $174,582.00.

Chicago Atlantic BDC Price Performance

Shares of NASDAQ LIEN opened at $10.20 on Friday. The company has a market cap of $232.76 million, a PE ratio of 7.34 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a 12 month low of $8.92 and a 12 month high of $11.44. The company has a 50-day simple moving average of $9.75 and a 200-day simple moving average of $9.75.

Chicago Atlantic BDC (NASDAQ:LIENGet Free Report) last announced its quarterly earnings data 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). The firm had revenue of $13.97 million for the quarter, compared to analysts’ expectations of $16.23 million. Chicago Atlantic BDC had a net margin of 52.82% and a return on equity of 11.66%. On average, analysts anticipate that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current year.

Chicago Atlantic BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 13.3%. The ex-dividend date is Friday, September 25th. Chicago Atlantic BDC’s dividend payout ratio is presently 97.84%.

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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Chicago Atlantic BDC presently has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on LIEN

Hedge Funds Weigh In On Chicago Atlantic BDC

Institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in Chicago Atlantic BDC in the second quarter valued at about $112,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Chicago Atlantic BDC during the second quarter worth $619,000. Northeast Financial Consultants Inc bought a new position in Chicago Atlantic BDC in the second quarter worth about $851,000. Corient Private Wealth LLC bought a new stake in shares of Chicago Atlantic BDC in the 2nd quarter worth approximately $2,784,000. Finally, Westwood Holdings Group Inc. bought a new stake in Chicago Atlantic BDC in the second quarter valued at $111,000. Institutional investors and hedge funds own 4.36% of the company’s stock.

Chicago Atlantic BDC Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Chicago Atlantic BDC (NASDAQ:LIEN)

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