Chicago Atlantic BDC (NASDAQ:LIEN) Rating Increased to Hold at Zacks Research

Key Points

• Chicago Atlantic BDC's stock rating was upgraded to a "hold" by Zacks Research, following similar moves by other firms like Oppenheimer and Redburn Atlantic.
• The company's market capitalization stands at $244.86 million, with a current stock price of $10.73 and a P/E ratio of 29.00.
• Chicago Atlantic BDC reported earnings of $0.34 EPS for the last quarter, which missed analysts' expectations, and had a net margin of 21.50%.

Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) was upgraded by equities researchers at Zacks Research to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research firms have also weighed in on LIEN. Oppenheimer initiated coverage on Chicago Atlantic BDC in a research note on Tuesday, April 22nd. They set a "market perform" rating for the company. Redburn Atlantic raised Chicago Atlantic BDC to a "hold" rating in a report on Tuesday, April 22nd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Chicago Atlantic BDC Price Performance

NASDAQ:LIEN opened at $10.73 on Wednesday. The firm has a market capitalization of $244.86 million, a P/E ratio of 29.00 and a beta of 0.27. Chicago Atlantic BDC has a 1-year low of $9.70 and a 1-year high of $13.38. The company's fifty day moving average price is $10.36 and its 200-day moving average price is $10.77.

Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Chicago Atlantic BDC had a net margin of 21.50% and a return on equity of 3.25%. The business had revenue of $13.08 million for the quarter, compared to analyst estimates of $13.10 million. Equities analysts anticipate that Chicago Atlantic BDC will post 0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Chicago Atlantic BDC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sage Mountain Advisors LLC purchased a new stake in Chicago Atlantic BDC during the 2nd quarter worth approximately $106,000. Bernardo Wealth Planning LLC acquired a new position in Chicago Atlantic BDC in the 2nd quarter valued at $106,000. Westwood Holdings Group Inc. purchased a new position in Chicago Atlantic BDC in the 2nd quarter valued at $111,000. XTX Topco Ltd acquired a new stake in Chicago Atlantic BDC during the 2nd quarter worth $112,000. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in shares of Chicago Atlantic BDC during the second quarter worth $129,000. 4.36% of the stock is owned by hedge funds and other institutional investors.

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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