Brown Advisory Inc. Makes New $1.05 Million Investment in Chicago Atlantic BDC, Inc. $LIEN

Brown Advisory Inc. purchased a new stake in Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 100,955 shares of the company’s stock, valued at approximately $1,045,000.

Several other large investors have also recently made changes to their positions in LIEN. Sage Mountain Advisors LLC purchased a new position in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $106,000. Bernardo Wealth Planning LLC acquired a new position in Chicago Atlantic BDC during the second quarter worth $106,000. Westwood Holdings Group Inc. purchased a new position in shares of Chicago Atlantic BDC during the second quarter worth $111,000. XTX Topco Ltd acquired a new stake in shares of Chicago Atlantic BDC in the second quarter valued at $112,000. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in shares of Chicago Atlantic BDC in the 2nd quarter valued at $129,000. 4.36% of the stock is currently owned by institutional investors and hedge funds.

Chicago Atlantic BDC Stock Performance

Shares of LIEN opened at $10.63 on Thursday. The stock has a 50-day simple moving average of $10.43 and a 200-day simple moving average of $10.48. The stock has a market capitalization of $242.58 million, a PE ratio of 13.46 and a beta of 0.26. Chicago Atlantic BDC, Inc. has a 1 year low of $9.70 and a 1 year high of $13.24.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its earnings results on Thursday, May 9th. The company reported $0.33 earnings per share for the quarter. Chicago Atlantic BDC had a net margin of 33.72% and a return on equity of 5.80%. The firm had revenue of $3.36 million for the quarter. Analysts predict that Chicago Atlantic BDC, Inc. will post 0.76 EPS for the current year.

Chicago Atlantic BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Wednesday, December 31st. Chicago Atlantic BDC’s dividend payout ratio (DPR) is presently 172.15%.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Chicago Atlantic BDC to a “hold” rating in a report on Wednesday, August 20th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Chicago Atlantic BDC has a consensus rating of “Hold”.

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.