Insider Buying: Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Insider Acquires 1,000 Shares of Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report) insider Umesh Mahajan acquired 1,000 shares of the stock in a transaction dated Friday, June 6th. The shares were bought at an average price of $10.30 per share, for a total transaction of $10,300.00. Following the transaction, the insider now owns 2,712 shares in the company, valued at approximately $27,933.60. This represents a 58.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Umesh Mahajan also recently made the following trade(s):

• On Thursday, June 5th, Umesh Mahajan purchased 1,112 shares of Chicago Atlantic BDC stock. The shares were purchased at an average price of $10.23 per share, for a total transaction of $11,375.76.
• On Thursday, April 10th, Umesh Mahajan acquired 600 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $10.74 per share, with a total value of $6,444.00.

Chicago Atlantic BDC Price Performance

LIEN stock traded down $0.59 during trading on Monday, hitting $9.75. 121,895 shares of the company traded hands, compared to its average volume of 18,750. The stock has a 50-day moving average of $10.40. Chicago Atlantic BDC, Inc. has a 1 year low of $9.70 and a 1 year high of $13.38. The firm has a market capitalization of $222.50 million, a price-to-earnings ratio of 14.77 and a beta of 0.25.

Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.68). The firm had revenue of $11.92 million during the quarter, compared to analysts' expectations of $10.70 million. Chicago Atlantic BDC had a net margin of 32.69% and a return on equity of 3.80%. As a group, equities analysts predict that Chicago Atlantic BDC, Inc. will post 0.76 earnings per share for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $1.36 dividend on an annualized basis and a yield of 13.95%. Chicago Atlantic BDC's dividend payout ratio is presently 680.00%.

Wall Street Analysts Forecast Growth

A number of equities research 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 assumed coverage on shares of Chicago Atlantic BDC in a research report on Tuesday, April 22nd. They set a "market perform" rating for the company.

About Chicago Atlantic BDC

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.