Insider Buying: Chicago Atlantic BDC (NASDAQ:LIEN) CIO Purchases $167,751.36 in Stock

Key Points

• Insider buying: CIO Scott Gordon purchased 17,584 shares of Chicago Atlantic BDC for $167,751, increasing his position by 32.98%. He also bought additional shares in two other recent transactions, bringing his total recent purchases to 44,084 shares.
• Quarterly results fell short of estimates: Chicago Atlantic BDC reported $0.34 in quarterly EPS versus the $0.40 consensus estimate, while revenue of $13.97 million also missed expectations of $16.23 million.
• High dividend yield amid a Hold rating: The company declared a $0.34 quarterly dividend, equivalent to a 14.3% annualized yield, while analysts maintain an average “Hold” rating. Shares recently traded near $9.50, within a 52-week range of $8.92 to $11.44.

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report) CIO Scott Gordon purchased 17,584 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was bought at an average price of $9.54 per share, with a total value of $167,751.36. Following the completion of the purchase, the executive owned 70,908 shares of the company's stock, valued at $676,462.32. This trade represents a 32.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Scott Gordon also recently made the following trade(s):

• On Wednesday, August 19th, Scott Gordon acquired 8,200 shares of Chicago Atlantic BDC stock. The stock was bought at an average cost of $9.57 per share, with a total value of $78,474.00.
• On Monday, August 17th, Scott Gordon acquired 18,300 shares of Chicago Atlantic BDC stock. The stock was bought at an average price of $9.54 per share, with a total value of $174,582.00.

Chicago Atlantic BDC Stock Performance

Shares of NASDAQ LIEN traded down $0.12 during midday trading on Wednesday, reaching $9.50. The stock had a trading volume of 77,671 shares, compared to its average volume of 72,077. The firm has a market cap of $216.79 million, a price-to-earnings ratio of 6.83 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a twelve month low of $8.92 and a twelve month high of $11.44. The company's 50 day moving average price is $9.75 and its 200 day moving average price is $9.77.

Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.06). Chicago Atlantic BDC had a net margin of 52.82% and a return on equity of 11.66%. The business had revenue of $13.97 million during the quarter, compared to analyst estimates of $16.23 million. Equities analysts forecast that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be issued a $0.34 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.36 annualized dividend and a dividend yield of 14.3%. Chicago Atlantic BDC's dividend payout ratio is currently 97.84%.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Chicago Atlantic BDC from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LIEN. Corient Private Wealth LLC grew its holdings in Chicago Atlantic BDC by 9.9% during the fourth quarter. Corient Private Wealth LLC now owns 382,865 shares of the company's stock valued at $3,955,000 after purchasing an additional 34,423 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Chicago Atlantic BDC by 227.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 195,884 shares of the company's stock worth $2,057,000 after buying an additional 136,110 shares during the period. Corient Private Wealth LP purchased a new stake in Chicago Atlantic BDC in the 2nd quarter worth $1,845,000. Partners Capital Investment Group LLP purchased a new position in shares of Chicago Atlantic BDC in the second quarter valued at about $1,420,000. Finally, Northeast Financial Consultants Inc bought a new position in shares of Chicago Atlantic BDC in the second quarter worth about $851,000. Institutional investors own 4.36% of the company's stock.

Chicago Atlantic BDC Company 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.

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