Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Short Interest Up 211.1% in September

Key Points

• Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) experienced a dramatic increase in short interest, up 211.1% in September, totaling 8,400 shares.
• The company announced a quarterly dividend of $0.34 per share, yielding 13.6%, with a payout ratio of 367.57%.
• Institutional ownership of the stock stands at 4.36%, with several firms including Corient Private Wealth LLC and Black Maple Capital Management LP acquiring new stakes during the second quarter.

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 8,400 shares, a growth of 211.1% from the September 15th total of 2,700 shares. Based on an average daily trading volume, of 42,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 42,300 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Chicago Atlantic BDC

Several institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC bought a new stake in Chicago Atlantic BDC in the second quarter valued at approximately $2,784,000. Westwood Holdings Group Inc. bought a new position in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $111,000. Northeast Financial Consultants Inc bought a new position in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $851,000. Black Maple Capital Management LP bought a new position in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $1,901,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $619,000. 4.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Chicago Atlantic BDC to a "hold" rating in a report on Wednesday, August 20th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Chicago Atlantic BDC has a consensus rating of "Hold".

Chicago Atlantic BDC Trading Down 1.0%

NASDAQ:LIEN opened at $10.03 on Friday. The stock has a market cap of $228.88 million, a P/E ratio of 27.11 and a beta of 0.27. The stock's 50-day moving average is $10.72 and its 200-day moving average is $10.47. Chicago Atlantic BDC has a 1-year low of $9.70 and a 1-year high of $13.32.

Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.33 earnings per share for the quarter. The company had revenue of $3.36 million for the quarter. Chicago Atlantic BDC had a return on equity of 3.25% and a net margin of 21.50%. As a group, equities analysts forecast that Chicago Atlantic BDC will post 0.76 EPS for the current year.

Chicago Atlantic BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were issued a $0.34 dividend. The ex-dividend date was Monday, September 29th. This represents a $1.36 annualized dividend and a yield of 13.6%. Chicago Atlantic BDC's dividend payout ratio is presently 367.57%.

About Chicago Atlantic BDC

Chicago Atlantic BDC Inc is a specialty finance company which has elected to be regulated as a business development company. Its investment objective is to maximize risk-adjusted returns on equity for its stockholders by investing primarily in direct loans to privately held middle-market companies, with a primary focus on cannabis companies.

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