Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report) dropped 3.7% during mid-day trading on Monday . The stock traded as low as $9.71 and last traded at $10.10. Approximately 21,918 shares traded hands during trading, an increase of 104% from the average daily volume of 10,736 shares. The stock had previously closed at $10.49.
Analyst Ratings Changes
LIEN has been the topic of several analyst reports. Redburn Atlantic upgraded Chicago Atlantic BDC to a "hold" rating in a research report on Tuesday, April 22nd. Oppenheimer began coverage on Chicago Atlantic BDC in a report on Tuesday, April 22nd. They set a "market perform" rating on the stock.
Check Out Our Latest Analysis on Chicago Atlantic BDC
Chicago Atlantic BDC Stock Performance
The stock's 50 day moving average price is $11.33. The company has a market capitalization of $243.03 million, a PE ratio of 16.14 and a beta of 0.27.
Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last issued 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. The firm had revenue of $12.65 million for the quarter, compared to analysts' expectations of $11.00 million. Chicago Atlantic BDC had a net margin of 32.69% and a return on equity of 3.80%. As a group, analysts expect that Chicago Atlantic BDC, Inc. will post 0.76 EPS for the current fiscal year.
Chicago Atlantic BDC Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $1.36 annualized dividend and a yield of 12.77%. Chicago Atlantic BDC's dividend payout ratio (DPR) is 222.95%.
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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