Oppenheimer initiated coverage on shares of Chicago Atlantic BDC (NASDAQ:LIEN - Free Report) in a report released on Tuesday morning, Marketbeat reports. The firm issued a market perform rating on the stock.
Chicago Atlantic BDC Stock Performance
Chicago Atlantic BDC stock traded up $0.06 during mid-day trading on Tuesday, reaching $10.65. 14,584 shares of the company were exchanged, compared to its average volume of 10,834. The firm's fifty day moving average is $11.33. The firm has a market cap of $243.03 million, a price-to-earnings ratio of 16.14 and a beta of 0.27. Chicago Atlantic BDC has a 12-month low of $9.71 and a 12-month high of $13.38.
Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last released its quarterly earnings results on Monday, March 31st. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. Chicago Atlantic BDC had a return on equity of 3.80% and a net margin of 32.69%. The firm had revenue of $12.65 million during the quarter, compared to analyst estimates of $11.00 million. As a group, equities research analysts predict that Chicago Atlantic BDC will post 0.76 EPS for the current fiscal year.
Chicago Atlantic BDC Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 12.77%. The ex-dividend date was Friday, March 28th. Chicago Atlantic BDC's payout ratio is currently 222.95%.
Chicago Atlantic BDC Company Profile
(
Get Free Report)
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.
See Also
Before you consider Chicago Atlantic BDC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chicago Atlantic BDC wasn't on the list.
While Chicago Atlantic BDC currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
