Corient Private Wealth LP Purchases Shares of 188,863 Chicago Atlantic BDC, Inc. $LIEN

Key Points

• Corient Private Wealth LP purchased 188,863 shares of Chicago Atlantic BDC, valued at approximately $1.85 million, giving it a 0.83% stake. Institutional investors and hedge funds collectively own 4.36% of the company.
• Company insiders have recently increased their holdings, acquiring 123,166 shares worth roughly $1.18 million over the past three months. CIO Scott Gordon and major shareholder John Mazarakis were among the buyers.
• Chicago Atlantic BDC declared a quarterly dividend of $0.34 per share, equivalent to a 13.2% annualized yield. However, the company’s latest quarterly EPS and revenue fell short of analyst expectations, and the stock carries a consensus “Hold” rating.

Corient Private Wealth LP purchased a new position in shares of Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 188,863 shares of the company's stock, valued at approximately $1,845,000. Corient Private Wealth LP owned 0.83% of Chicago Atlantic BDC as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LIEN. XTX Topco Ltd purchased a new stake in shares of Chicago Atlantic BDC in the second quarter valued at $112,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Chicago Atlantic BDC during the second quarter worth about $619,000. Northeast Financial Consultants Inc acquired a new stake in Chicago Atlantic BDC in the 2nd quarter worth about $851,000. Corient Private Wealth LLC acquired a new stake in Chicago Atlantic BDC in the 2nd quarter worth about $2,784,000. Finally, Westwood Holdings Group Inc. purchased a new stake in Chicago Atlantic BDC in the 2nd quarter valued at about $111,000. Institutional investors and hedge funds own 4.36% of the company's stock.

Insider Transactions at Chicago Atlantic BDC

In other news, CIO Scott Gordon purchased 5,000 shares of the company's stock in a transaction on Thursday, August 27th. The stock was bought at an average cost of $10.19 per share, for a total transaction of $50,950.00. Following the completion of the purchase, the executive directly owned 96,056 shares of the company's stock, valued at $978,810.64. The trade was a 5.49% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder John Mazarakis acquired 60,000 shares of the business's stock in a transaction dated Monday, August 17th. The stock was purchased at an average price of $9.44 per share, for a total transaction of $566,400.00. Following the completion of the acquisition, the insider owned 60,000 shares in the company, valued at approximately $566,400. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 123,166 shares of company stock valued at $1,177,717. 12.90% of the stock is owned by company insiders.

Chicago Atlantic BDC Stock Up 0.8%

Shares of LIEN opened at $10.33 on Friday. The firm has a market cap of $235.73 million, a PE ratio of 7.43 and a beta of 0.30. The company's fifty day moving average is $9.75 and its two-hundred day moving average is $9.75. Chicago Atlantic BDC, Inc. has a fifty-two week low of $8.92 and a fifty-two week high of $11.44.

Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). The company had revenue of $13.97 million for the quarter, compared to analysts' expectations of $16.23 million. Chicago Atlantic BDC had a net margin of 52.82% and a return on equity of 11.66%. As a group, equities research analysts anticipate that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current year.

Chicago Atlantic BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 13.2%. The ex-dividend date of this dividend is Friday, September 25th. Chicago Atlantic BDC's payout ratio is 97.84%.

Analyst Upgrades and Downgrades

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

Chicago Atlantic BDC Profile

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.

Want to see what other hedge funds are holding LIEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Free Report).

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