Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report)'s stock price was up 0.4% on Thursday . The company traded as high as $10.40 and last traded at $10.19. Approximately 10,429 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 17,751 shares. The stock had previously closed at $10.15.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on LIEN shares. Redburn Atlantic upgraded shares of Chicago Atlantic BDC to a "hold" rating in a report on Tuesday, April 22nd. Oppenheimer started coverage on shares of Chicago Atlantic BDC in a report on Tuesday, April 22nd. They issued a "market perform" rating on the stock.
Read Our Latest Stock Report on LIEN
Chicago Atlantic BDC Stock Up 1.5%
The stock has a market cap of $235.96 million, a price-to-earnings ratio of 15.67 and a beta of 0.28. The firm's fifty day moving average price is $10.40.
Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.34) EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.68). Chicago Atlantic BDC had a return on equity of 3.80% and a net margin of 32.69%. The company had revenue of $11.92 million during the quarter, compared to analyst estimates of $10.70 million. On average, equities analysts forecast that Chicago Atlantic BDC, Inc. will post 0.76 EPS for the current year.
Chicago Atlantic BDC Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 13.15%. The ex-dividend date is Friday, June 27th. Chicago Atlantic BDC's dividend payout ratio (DPR) is 680.00%.
About Chicago Atlantic BDC
(
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.
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