Chicago Atlantic BDC (NASDAQ:LIEN) Major Shareholder Acquires $566,400.00 in Stock

Key Points

• Major shareholder John Mazarakis purchased 60,000 Chicago Atlantic BDC shares at an average price of $9.44, representing a total investment of $566,400. The transaction was disclosed in an SEC filing.
• Chicago Atlantic BDC’s latest quarterly results missed expectations, with EPS of $0.34 versus the $0.40 consensus estimate and revenue of $13.97 million versus $16.23 million expected.
• The company declared a quarterly dividend of $0.34 per share, equivalent to an annualized $1.36 payout and a 14.3% dividend yield; analysts maintain a consensus “Hold” rating.

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report) major shareholder John Mazarakis bought 60,000 shares of the firm's stock in a transaction on Monday, August 17th. The shares were acquired at an average price of $9.44 per share, for a total transaction of $566,400.00. Following the transaction, the insider owned 60,000 shares in the company, valued at approximately $566,400. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Chicago Atlantic BDC Trading Down 1.2%

Shares of LIEN opened at $9.50 on Thursday. Chicago Atlantic BDC, Inc. has a 12 month low of $8.92 and a 12 month high of $11.44. The firm's 50 day moving average is $9.75 and its 200-day moving average is $9.76. The stock has a market capitalization of $216.79 million, a PE ratio of 6.83 and a beta of 0.28.

Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. 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 the consensus estimate of $16.23 million. Equities research analysts predict that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be given a $0.34 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 14.3%. Chicago Atlantic BDC's dividend payout ratio (DPR) is presently 97.84%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Triumph Capital Management acquired a new stake in shares of Chicago Atlantic BDC in the 4th quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. acquired a new position in Chicago Atlantic BDC during the 4th quarter worth approximately $63,000. Compass Financial Management LLC acquired a new position in Chicago Atlantic BDC during the 2nd quarter worth approximately $104,000. Westwood Holdings Group Inc. bought a new position in Chicago Atlantic BDC in the 2nd quarter valued at approximately $111,000. Finally, XTX Topco Ltd bought a new position in Chicago Atlantic BDC in the 2nd quarter valued at approximately $112,000. Institutional investors own 4.36% of the company's stock.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Chicago Atlantic BDC from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Chicago Atlantic BDC presently has a consensus rating of "Hold".

About Chicago Atlantic BDC

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.

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