Scott Gordon Acquires 8,200 Shares of Chicago Atlantic BDC (NASDAQ:LIEN) Stock

Key Points

• Insider buying: CIO Scott Gordon purchased 8,200 Chicago Atlantic BDC shares for $78,474, increasing his position by 11.56% to 79,108 shares. He also bought more than 35,000 shares in transactions on August 17 and 18.
• Weak quarterly results: Chicago Atlantic BDC reported quarterly EPS of $0.34, below the $0.40 consensus estimate, while revenue of $13.97 million missed expectations of $16.23 million.
• High-yield dividend: The company declared a $0.34 quarterly dividend, equivalent to $1.36 annually and a 14.3% yield, though its payout ratio is elevated at 97.84%. Analysts maintain a consensus “Hold” rating.

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report) CIO Scott Gordon purchased 8,200 shares of Chicago Atlantic BDC stock in a transaction dated Wednesday, August 19th. The stock was bought at an average cost of $9.57 per share, with a total value of $78,474.00. Following the completion of the transaction, the executive owned 79,108 shares in the company, valued at approximately $757,063.56. This represents a 11.56% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, August 18th, Scott Gordon bought 17,584 shares of Chicago Atlantic BDC stock. The stock was bought at an average price of $9.54 per share, for a total transaction 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 Performance

LIEN traded down $0.12 during trading on Wednesday, hitting $9.50. The stock had a trading volume of 77,671 shares, compared to its average volume of 72,077. The company has a market capitalization of $216.79 million, a PE ratio of 6.83 and a beta of 0.28. Chicago Atlantic BDC, Inc. has a twelve month low of $8.92 and a twelve month high of $11.44. The stock has a 50 day simple moving average of $9.75 and a two-hundred day simple moving average of $9.77.

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

Chicago Atlantic BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.34 per share. The ex-dividend date is Friday, September 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 14.3%. Chicago Atlantic BDC's payout ratio is presently 97.84%.

Institutional Investors Weigh In On Chicago Atlantic BDC

Institutional investors have recently modified their holdings of the business. Corient Private Wealth LLC acquired a new stake in Chicago Atlantic BDC in the 2nd quarter valued at about $2,784,000. Corient Private Wealth LP acquired a new stake in shares of Chicago Atlantic BDC during the second quarter worth $1,845,000. Partners Capital Investment Group LLP purchased a new position in Chicago Atlantic BDC during the second quarter worth approximately $1,420,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 buying an additional 136,110 shares during the period. Finally, Northeast Financial Consultants Inc acquired a new position in shares of 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.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Chicago Atlantic BDC from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Chicago Atlantic BDC presently has a consensus rating of "Hold".

About Chicago Atlantic BDC

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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