Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Sees Large Decline in Short Interest

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 9,762 shares, a decrease of 15.7% from the February 26th total of 11,580 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 39,081 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Chicago Atlantic BDC

Hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC boosted its position in Chicago Atlantic BDC by 9.9% during the fourth quarter. Corient Private Wealth LLC now owns 382,865 shares of the company’s stock valued at $3,955,000 after purchasing an additional 34,423 shares during the last quarter. Triumph Capital Management purchased a new position in Chicago Atlantic BDC in the fourth quarter valued at about $32,000. Closed End Fund Advisors Inc. acquired a new position in Chicago Atlantic BDC in the 4th quarter worth about $131,000. Northwestern Mutual Wealth Management Co. acquired a new position in Chicago Atlantic BDC in the 4th quarter worth about $63,000. Finally, Shade Tree Advisors LLC purchased a new stake in shares of Chicago Atlantic BDC during the 4th quarter worth about $179,000. 4.36% of the stock is owned by institutional investors and hedge funds.

Chicago Atlantic BDC Price Performance

NASDAQ LIEN opened at $9.50 on Monday. The firm has a market capitalization of $216.79 million, a price-to-earnings ratio of 11.88 and a beta of 0.27. The company has a 50 day simple moving average of $10.13 and a 200-day simple moving average of $10.40. Chicago Atlantic BDC has a 52-week low of $9.50 and a 52-week high of $11.75.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its quarterly earnings data on Thursday, March 19th. The company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. The firm had revenue of $14.23 million for the quarter, compared to the consensus estimate of $13.41 million. Chicago Atlantic BDC had a net margin of 33.24% and a return on equity of 5.88%. On average, analysts predict that Chicago Atlantic BDC will post 0.76 EPS for the current year.

Chicago Atlantic BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 30th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, March 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 14.3%. Chicago Atlantic BDC’s dividend payout ratio (DPR) is 170.00%.

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.