Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Short Interest Update

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 27,855 shares, an increase of 100.5% from the April 15th total of 13,895 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 67,578 shares, the short-interest ratio is currently 0.4 days.

Chicago Atlantic BDC Price Performance

Shares of LIEN traded down $0.13 on Friday, reaching $9.70. 80,652 shares of the stock traded hands, compared to its average volume of 63,536. The firm has a market cap of $221.35 million, a price-to-earnings ratio of 6.47 and a beta of 0.25. Chicago Atlantic BDC has a 12 month low of $8.92 and a 12 month high of $11.44. The stock’s 50-day moving average price is $9.54 and its 200-day moving average price is $10.12.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. The business had revenue of $16.70 million for the quarter, compared to analysts’ expectations of $14.31 million. Chicago Atlantic BDC had a return on equity of 11.69% and a net margin of 57.88%. As a group, equities research analysts forecast that Chicago Atlantic BDC will post 1.49 earnings per share for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

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

Institutional Trading of Chicago Atlantic BDC

A number of institutional investors and hedge funds have recently modified their holdings of the company. Triumph Capital Management bought a new stake in shares of Chicago Atlantic BDC during the fourth quarter valued at approximately $32,000. Condor Capital Management raised its stake in Chicago Atlantic BDC by 3.1% during the third quarter. Condor Capital Management now owns 183,705 shares of the company’s stock worth $1,929,000 after acquiring an additional 5,567 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Chicago Atlantic BDC during the fourth quarter worth $63,000. Mather Group LLC. acquired a new position in Chicago Atlantic BDC during the fourth quarter worth $106,000. Finally, SteelPeak Wealth LLC acquired a new position in Chicago Atlantic BDC during the fourth quarter worth $110,000. 4.36% of the stock is currently 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.