Scott Gordon Acquires 18,300 Shares of Chicago Atlantic BDC (NASDAQ:LIEN) Stock

Key Points

• CIO Scott Gordon bought 18,300 shares of Chicago Atlantic BDC at an average price of $9.54, increasing his direct ownership by 52.25% to 53,324 shares. He also purchased 25,784 additional shares in two other recent transactions.
• Chicago Atlantic BDC reported quarterly EPS of $0.34, below the $0.40 analyst consensus, while revenue of $13.97 million also missed expectations. Shares recently traded at $9.50, near the lower end of their 52-week range.
• The company declared a quarterly dividend of $0.34 per share, equivalent to a 14.3% annualized yield and a $1.36 annual payout. The stock currently has a consensus “Hold” rating, following a Zacks downgrade from “strong buy.”

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report) CIO Scott Gordon acquired 18,300 shares of the firm's stock in a transaction on Monday, August 17th. The stock was bought at an average price of $9.54 per share, with a total value of $174,582.00. Following the purchase, the executive directly owned 53,324 shares of the company's stock, valued at $508,710.96. This represents a 52.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 purchased at an average price of $9.54 per share, with a total value of $167,751.36.

Chicago Atlantic BDC Stock Performance

LIEN traded down $0.12 on Wednesday, hitting $9.50. 77,671 shares of the company were exchanged, compared to its average volume of 72,077. Chicago Atlantic BDC, Inc. has a fifty-two week low of $8.92 and a fifty-two week high of $11.44. The business's fifty day moving average is $9.75 and its 200 day moving average is $9.77. The firm has a market capitalization of $216.79 million, a P/E ratio of 6.83 and a beta of 0.28.

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

Chicago Atlantic BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be given a dividend of $0.34 per share. 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%.

Institutional Trading of Chicago Atlantic BDC

A number of institutional investors and hedge funds have recently modified their holdings of LIEN. Corient Private Wealth LLC grew its position in Chicago Atlantic BDC by 9.9% during the 4th quarter. Corient Private Wealth LLC now owns 382,865 shares of the company's stock worth $3,955,000 after acquiring an additional 34,423 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Chicago Atlantic BDC by 227.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 195,884 shares of the company's stock valued at $2,057,000 after purchasing an additional 136,110 shares during the last quarter. Corient Private Wealth LP acquired a new position in Chicago Atlantic BDC in the second quarter valued at about $1,845,000. Partners Capital Investment Group LLP acquired a new position in Chicago Atlantic BDC in the second quarter valued at about $1,420,000. Finally, Northeast Financial Consultants Inc bought a new position in Chicago Atlantic BDC during the second quarter worth about $851,000. 4.36% of the stock is currently owned by institutional investors and hedge funds.

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 research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock 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.

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