478,208 Shares in Chicago Atlantic BDC, Inc. $LIEN Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new stake in Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) in the fourth quarter, HoldingsChannel reports. The fund bought 478,208 shares of the company’s stock, valued at approximately $4,940,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. XTX Topco Ltd purchased a new position in Chicago Atlantic BDC during the second quarter worth approximately $112,000. Brown Advisory Inc. purchased a new stake in shares of Chicago Atlantic BDC during the 2nd quarter valued at $1,045,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Chicago Atlantic BDC during the 2nd quarter valued at $619,000. Black Maple Capital Management LP acquired a new stake in shares of Chicago Atlantic BDC during the 2nd quarter worth $1,901,000. Finally, Northeast Financial Consultants Inc purchased a new position in shares of Chicago Atlantic BDC in the 2nd quarter worth $851,000. Institutional investors and hedge funds own 4.36% of the company’s stock.

Chicago Atlantic BDC Stock Performance

Shares of LIEN opened at $9.56 on Monday. Chicago Atlantic BDC, Inc. has a twelve month low of $9.16 and a twelve month high of $11.57. The firm has a market capitalization of $218.16 million, a P/E ratio of 11.95 and a beta of 0.28. The stock’s fifty day simple moving average is $10.02 and its 200 day simple moving average is $10.35.

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

Chicago Atlantic BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Monday, March 30th will be issued a dividend of $0.34 per share. The ex-dividend date is Monday, March 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 14.2%. Chicago Atlantic BDC’s payout ratio is presently 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.