Chicago Atlantic BDC (NASDAQ:LIEN) Releases Quarterly Earnings Results

Key Points

• Chicago Atlantic BDC missed quarterly expectations: The company reported earnings of $0.27 per share, below the $0.40 consensus estimate, while revenue of $13.97 million fell short of analysts’ $16.23 million forecast.
• Shares declined to $9.46 during Thursday trading. The stock has traded between $8.92 and $11.44 over the past year and has a market capitalization of approximately $215.8 million.
• Analyst sentiment remains cautious: Zacks Research downgraded the stock from “strong buy” to “hold,” matching the current consensus rating. Institutional investors own 4.36% of the company.

Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.13), FiscalAI reports. The company had revenue of $13.97 million during the quarter, compared to analyst estimates of $16.23 million. Chicago Atlantic BDC had a net margin of 57.88% and a return on equity of 11.67%.

Chicago Atlantic BDC Stock Performance

NASDAQ:LIEN traded down $0.24 during mid-day trading on Thursday, reaching $9.46. 64,298 shares of the company's stock were exchanged, compared to its average volume of 71,661. The firm has a market capitalization of $215.76 million, a PE ratio of 6.30 and a beta of 0.28. Chicago Atlantic BDC has a one year low of $8.92 and a one year high of $11.44. The business's fifty day simple moving average is $9.78 and its two-hundred day simple moving average is $9.80.

Institutional Investors Weigh In On Chicago Atlantic BDC

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Triumph Capital Management bought a new stake in shares of Chicago Atlantic BDC in the fourth quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. acquired a new position in Chicago Atlantic BDC in the 4th quarter valued at $63,000. Westwood Holdings Group Inc. acquired a new position in Chicago Atlantic BDC in the 2nd quarter valued at $111,000. XTX Topco Ltd bought a new stake in shares of Chicago Atlantic BDC during the 2nd quarter valued at $112,000. Finally, Millennium Management LLC lifted its position in shares of Chicago Atlantic BDC by 172.3% during the 3rd quarter. Millennium Management LLC now owns 48,547 shares of the company's stock valued at $510,000 after acquiring an additional 30,718 shares during the period. 4.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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