Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) CEO Peter Sack Purchases 1,000 Shares

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report) CEO Peter Sack acquired 1,000 shares of the business's stock in a transaction dated Thursday, July 17th. The shares were bought at an average price of $10.47 per share, with a total value of $10,470.00. Following the transaction, the chief executive officer directly owned 5,468 shares in the company, valued at approximately $57,249.96. The trade was a 22.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Peter Sack also recently made the following trade(s):

• On Monday, May 19th, Peter Sack bought 500 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $10.42 per share, with a total value of $5,210.00.

Chicago Atlantic BDC Trading Up 0.1%

NASDAQ:LIEN traded up $0.01 during trading hours on Monday, hitting $10.41. The stock had a trading volume of 29,395 shares, compared to its average volume of 25,372. Chicago Atlantic BDC, Inc. has a 1-year low of $9.70 and a 1-year high of $13.38. The business has a 50 day simple moving average of $10.24 and a two-hundred day simple moving average of $10.93. The company has a market cap of $237.56 million, a PE ratio of 52.05 and a beta of 0.27.

Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.68). Chicago Atlantic BDC had a net margin of 4.83% and a return on equity of 0.98%. The firm had revenue of $11.92 million during the quarter, compared to the consensus estimate of $10.70 million. Research analysts expect that Chicago Atlantic BDC, Inc. will post 0.76 EPS for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 13.06%. The ex-dividend date of this dividend was Friday, June 27th. Chicago Atlantic BDC's payout ratio is presently 680.00%.

Institutional Investors Weigh In On Chicago Atlantic BDC

An institutional investor recently bought a new position in Chicago Atlantic BDC stock. Twelve Points Wealth Management LLC acquired a new position in Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,233 shares of the company's stock, valued at approximately $272,000. Twelve Points Wealth Management LLC owned 0.11% of Chicago Atlantic BDC as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 4.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LIEN shares. Oppenheimer started coverage on shares of Chicago Atlantic BDC in a research note on Tuesday, April 22nd. They set a "market perform" rating for the company. Redburn Atlantic upgraded Chicago Atlantic BDC to a "hold" rating in a research report on Tuesday, April 22nd.

Chicago Atlantic BDC Company Profile

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.