Chicago Atlantic BDC (NASDAQ:LIEN) CIO Scott Gordon Purchases 7,500 Shares

Key Points

• CIO Scott Gordon purchased 7,500 Chicago Atlantic BDC shares at an average price of $9.70, investing $72,750 and increasing his holdings by 9.48% to 86,608 shares. He also made several additional purchases between August 17 and August 24.
• Chicago Atlantic BDC shares rose 1.4% to $10.15, but the company’s latest quarterly results fell short of expectations, with earnings of $0.34 per share versus the $0.40 consensus and revenue of $13.97 million versus $16.23 million expected.
• The company declared a quarterly dividend of $0.34, equivalent to $1.36 annually and a 13.4% yield. Analysts maintain an average “Hold” rating, while institutional investors own 4.36% of the stock.

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report) CIO Scott Gordon purchased 7,500 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was purchased at an average cost of $9.70 per share, for a total transaction of $72,750.00. Following the acquisition, the executive owned 86,608 shares of the company's stock, valued at approximately $840,097.60. This trade represents a 9.48% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, August 24th, Scott Gordon acquired 1,520 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $10.11 per share, with a total value of $15,367.20.
• On Friday, August 21st, Scott Gordon acquired 195 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $9.95 per share, with a total value of $1,940.25.
• On Wednesday, August 19th, Scott Gordon bought 8,200 shares of Chicago Atlantic BDC stock. The shares were acquired at an average price of $9.57 per share, with a total value of $78,474.00.
• On Tuesday, August 18th, Scott Gordon bought 17,584 shares of Chicago Atlantic BDC stock. The stock was acquired at an average price of $9.54 per share, for a total transaction of $167,751.36.
• On Monday, August 17th, Scott Gordon purchased 18,300 shares of Chicago Atlantic BDC stock. The stock was acquired at an average cost of $9.54 per share, for a total transaction of $174,582.00.

Chicago Atlantic BDC Trading Up 1.4%

Shares of LIEN traded up $0.14 during trading hours on Monday, reaching $10.15. 80,406 shares of the company's stock traded hands, compared to its average volume of 72,480. The stock has a market cap of $231.63 million, a PE ratio of 7.30 and a beta of 0.28. The firm's 50 day simple moving average is $9.74 and its 200-day simple moving average is $9.75. Chicago Atlantic BDC, Inc. has a 12 month low of $8.92 and a 12 month high of $11.44.

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

Chicago Atlantic BDC Dividend Announcement

The business also recently declared 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 of this dividend is Friday, September 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.4%. Chicago Atlantic BDC's dividend payout ratio is presently 97.84%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Chicago Atlantic BDC

A number of hedge funds have recently bought and sold shares of LIEN. Triumph Capital Management purchased a new stake in Chicago Atlantic BDC in the fourth quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Chicago Atlantic BDC in the 4th quarter worth approximately $63,000. Compass Financial Management LLC bought a new position in shares of Chicago Atlantic BDC during the 2nd quarter valued at $104,000. Westwood Holdings Group Inc. bought a new position in shares of Chicago Atlantic BDC during the 2nd quarter valued at $111,000. Finally, XTX Topco Ltd purchased a new position in Chicago Atlantic BDC in the 2nd quarter worth $112,000. 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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