Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report)'s share price dropped 0.6% during mid-day trading on Friday . The stock traded as low as $9.71 and last traded at $9.81. 86,787 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 90,108 shares. The stock had previously closed at $9.87.
Analysts Set New Price Targets
Separately, Zacks Research upgraded shares of Chicago Atlantic BDC from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of "Strong Buy".
Get Our Latest Stock Analysis on Chicago Atlantic BDC
Chicago Atlantic BDC Stock Performance
The company has a market cap of $223.86 million, a P/E ratio of 6.54 and a beta of 0.27. The firm's fifty day moving average is $9.83 and its two-hundred day moving average is $9.96.
Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.08. Chicago Atlantic BDC had a return on equity of 11.67% and a net margin of 57.88%.The business had revenue of $16.70 million during the quarter, compared to analyst estimates of $14.31 million. On average, equities research analysts expect that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current year.
Chicago Atlantic BDC Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a dividend of $0.34 per share. The ex-dividend date was Friday, June 26th. This represents a $1.36 annualized dividend and a dividend yield of 13.9%. Chicago Atlantic BDC's dividend payout ratio (DPR) is currently 90.67%.
Institutional Trading of Chicago Atlantic BDC
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sowell Financial Services LLC purchased a new stake in Chicago Atlantic BDC during the 4th quarter valued at approximately $4,940,000. Sage Mountain Advisors LLC lifted its holdings in shares of Chicago Atlantic BDC by 29.9% in the fourth quarter. Sage Mountain Advisors LLC now owns 268,088 shares of the company's stock worth $2,769,000 after buying an additional 61,721 shares in the last quarter. LVM Capital Management Ltd. MI purchased a new position in shares of Chicago Atlantic BDC in the fourth quarter worth $1,666,000. SteelPeak Wealth LLC purchased a new position in shares of Chicago Atlantic BDC in the fourth quarter worth $110,000. Finally, Triumph Capital Management bought a new position in shares of Chicago Atlantic BDC during the fourth quarter worth $32,000. Institutional investors own 4.36% of the company's stock.
Chicago Atlantic BDC Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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 Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
