Short Interest in Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Increases By 52.2%

Key Points

• Short interest jumped 52.2% — short interest rose to 13,895 shares as of April 15 from 9,132 on March 31, implying a short-interest ratio of 0.2 days and about 0.1% of the company's stock sold short.
• Very high dividend yield but high payout ratio — the company pays a quarterly $0.34 dividend (annualized $1.36) for a 14.7% yield, while the dividend payout ratio is 170%, indicating potential sustainability concerns.
• Recent quarter: Chicago Atlantic BDC reported EPS of $0.36 (in line with estimates) and revenue of $14.23M (ahead of expectations); the stock has a market cap of about $212M and a P/E of 11.6.

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN - Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 13,895 shares, a growth of 52.2% from the March 31st total of 9,132 shares. Based on an average daily trading volume, of 70,546 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company's stock are sold short.

Chicago Atlantic BDC Stock Down 1.4%

NASDAQ:LIEN opened at $9.28 on Tuesday. Chicago Atlantic BDC has a 52 week low of $9.16 and a 52 week high of $11.44. The company has a fifty day simple moving average of $9.71 and a two-hundred day simple moving average of $10.20. The company has a market cap of $211.77 million, a price-to-earnings ratio of 11.60 and a beta of 0.28.

Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last announced its quarterly earnings data on Thursday, March 19th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Chicago Atlantic BDC had a return on equity of 5.88% and a net margin of 33.24%.The business had revenue of $14.23 million for the quarter, compared to analysts' expectations of $13.41 million. On average, analysts expect that Chicago Atlantic BDC will post 1.49 EPS for the current year.

Chicago Atlantic BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Monday, March 30th were given a $0.34 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $1.36 dividend on an annualized basis and a yield of 14.7%. Chicago Atlantic BDC's dividend payout ratio (DPR) is currently 170.00%.

Hedge Funds Weigh In On Chicago Atlantic BDC

A number of institutional investors and hedge funds have recently made changes to their positions in LIEN. Sowell Financial Services LLC acquired a new position in shares of Chicago Atlantic BDC during the fourth quarter worth about $4,940,000. Corient Private Wealth LLC raised its holdings in Chicago Atlantic BDC by 9.9% in the fourth quarter. Corient Private Wealth LLC now owns 382,865 shares of the company's stock valued at $3,955,000 after acquiring an additional 34,423 shares in the last quarter. Sage Mountain Advisors LLC lifted its stake in Chicago Atlantic BDC by 29.9% in the fourth quarter. Sage Mountain Advisors LLC now owns 268,088 shares of the company's stock worth $2,769,000 after acquiring an additional 61,721 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 worth $2,057,000 after acquiring an additional 136,110 shares during the last quarter. Finally, Condor Capital Management grew its holdings in Chicago Atlantic BDC by 3.1% during the 3rd quarter. Condor Capital Management now owns 183,705 shares of the company's stock worth $1,929,000 after acquiring an additional 5,567 shares in the last quarter. 4.36% of the stock is owned by institutional investors and hedge funds.

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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