Scott Gordon Acquires 5,000 Shares of Chicago Atlantic BDC (NASDAQ:LIEN) Stock

Key Points

• Insider buying: CIO Scott Gordon purchased 5,000 Chicago Atlantic BDC shares at an average of $10.19, investing $50,950 and raising his direct holdings by 5.49% to 96,056 shares. The purchase followed several other acquisitions in August.
• Dividend: Chicago Atlantic BDC declared a quarterly dividend of $0.34, payable October 9 to shareholders of record September 25. The annualized dividend is $1.36, representing a 13.4% yield.
• Recent performance and outlook: Shares were recently priced at $10.14, while the company’s latest quarterly EPS and revenue missed analyst expectations. Analysts currently have an average “Hold” rating, and institutional investors own 4.36% of the stock.

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report) CIO Scott Gordon bought 5,000 shares of the business's stock in a transaction on Thursday, August 27th. The shares were acquired at an average cost of $10.19 per share, for a total transaction of $50,950.00. Following the transaction, the executive directly owned 96,056 shares in the company, valued at approximately $978,810.64. This trade represents a 5.49% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, August 26th, Scott Gordon purchased 2,483 shares of Chicago Atlantic BDC stock. The stock was acquired at an average cost of $10.15 per share, with a total value of $25,202.45.
• On Tuesday, August 25th, Scott Gordon acquired 250 shares of Chicago Atlantic BDC stock. The shares were acquired at an average price of $10.12 per share, for a total transaction of $2,530.00.
• On Thursday, August 20th, Scott Gordon acquired 7,500 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $9.70 per share, for a total transaction of $72,750.00.
• On Monday, August 24th, Scott Gordon acquired 1,520 shares of Chicago Atlantic BDC stock. The stock was acquired at an average cost of $10.11 per share, with a total value of $15,367.20.
• On Friday, August 21st, Scott Gordon bought 195 shares of Chicago Atlantic BDC stock. The shares were bought at an average price of $9.95 per share, with a total value of $1,940.25.
• On Wednesday, August 19th, Scott Gordon purchased 8,200 shares of Chicago Atlantic BDC stock. The stock was bought at an average price of $9.57 per share, for a total transaction of $78,474.00.
• On Tuesday, August 18th, Scott Gordon purchased 17,584 shares of Chicago Atlantic BDC stock. The stock was bought at an average cost of $9.54 per share, with a total value of $167,751.36.
• On Monday, August 17th, Scott Gordon bought 18,300 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $9.54 per share, with a total value of $174,582.00.

Chicago Atlantic BDC Stock Down 0.1%

Shares of Chicago Atlantic BDC stock traded down $0.01 on Thursday, reaching $10.14. The stock had a trading volume of 27,124 shares, compared to its average volume of 71,720. The stock has a market capitalization of $231.40 million, a P/E ratio of 7.30 and a beta of 0.28. The company has a 50 day moving average price of $9.75 and a 200 day moving average price of $9.75. Chicago Atlantic BDC, Inc. has a 1 year low of $8.92 and a 1 year high of $11.44.

Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.06). The firm 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%. On average, analysts forecast that Chicago Atlantic BDC, Inc. will post 1.64 earnings per share for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be given a $0.34 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.36 dividend on an annualized basis and a yield of 13.4%. Chicago Atlantic BDC's dividend payout ratio is currently 97.84%.

Hedge Funds Weigh In On Chicago Atlantic BDC

Institutional investors and hedge funds have recently modified their holdings of the business. Compass Financial Management LLC purchased a new position in Chicago Atlantic BDC during the second quarter worth approximately $104,000. Triumph Capital Management increased its position in shares of Chicago Atlantic BDC by 56.2% in the second quarter. Triumph Capital Management now owns 6,725 shares of the company's stock valued at $66,000 after buying an additional 2,420 shares in the last quarter. Corient Private Wealth LP acquired a new position in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $1,845,000. Partners Capital Investment Group LLP acquired a new position in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $1,420,000. Finally, BlackRock Inc. purchased a new position in shares of Chicago Atlantic BDC during the 2nd quarter valued at approximately $728,000. Hedge funds and other institutional investors own 4.36% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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