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

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

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

• On Monday, May 19th, Peter Sack purchased 500 shares of Chicago Atlantic BDC stock. The shares were acquired at an average cost of $10.42 per share, for a total transaction of $5,210.00.

Chicago Atlantic BDC Price Performance

Chicago Atlantic BDC stock traded down $0.02 during mid-day trading on Thursday, reaching $10.46. 15,355 shares of the stock traded hands, compared to its average volume of 25,352. The stock has a market capitalization of $238.70 million, a PE ratio of 52.30 and a beta of 0.27. Chicago Atlantic BDC, Inc. has a 12-month low of $9.70 and a 12-month high of $13.38. The business's 50-day moving average is $10.22 and its 200-day moving average is $10.97.

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

Chicago Atlantic BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 13.00%. The ex-dividend date of this dividend was Friday, June 27th. Chicago Atlantic BDC's dividend payout ratio is currently 680.00%.

Institutional Trading of Chicago Atlantic BDC

A hedge fund recently bought a new stake in Chicago Atlantic BDC stock. Seneca House Advisors purchased a new stake in shares of Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,491 shares of the company's stock, valued at approximately $367,000. Seneca House Advisors owned about 0.16% of Chicago Atlantic BDC at the end of the most recent quarter. Hedge funds and other institutional investors own 4.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LIEN. Redburn Atlantic raised Chicago Atlantic BDC to a "hold" rating in a report on Tuesday, April 22nd. Oppenheimer began coverage on 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.

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