Corient Private Wealth LLC Makes New Investment in Chicago Atlantic BDC, Inc. $LIEN

Corient Private Wealth LLC acquired a new stake in shares of Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 269,031 shares of the company’s stock, valued at approximately $2,784,000.

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

Chicago Atlantic BDC Trading Down 1.3%

Shares of Chicago Atlantic BDC stock opened at $10.48 on Tuesday. The company has a market capitalization of $239.15 million, a P/E ratio of 13.27 and a beta of 0.26. The stock has a fifty day simple moving average of $10.49 and a 200 day simple moving average of $10.51. Chicago Atlantic BDC, Inc. has a 12-month low of $9.70 and a 12-month high of $12.87.

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

Chicago Atlantic BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.34 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.36 annualized dividend and a yield of 13.0%. Chicago Atlantic BDC’s payout ratio is 172.15%.

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.