Chicago Atlantic BDC (NASDAQ:LIEN) Stock Price Down 0.6% – What’s Next?

Shares of Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) fell 0.6% during trading on Friday . The stock traded as low as $9.71 and last traded at $9.81. 86,787 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 90,108 shares. The stock had previously closed at $9.87.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Chicago Atlantic BDC from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Chicago Atlantic BDC Stock Performance

The firm has a fifty day simple moving average of $9.83 and a two-hundred day simple moving average of $9.96. The firm has a market cap of $223.86 million, a PE ratio of 6.54 and a beta of 0.27.

Chicago Atlantic BDC (NASDAQ:LIEN) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08. The business had revenue of $16.70 million for the quarter, compared to analysts’ expectations of $14.31 million. Chicago Atlantic BDC had a return on equity of 11.67% and a net margin of 57.88%. Equities analysts forecast that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 13.9%. The ex-dividend date was Friday, June 26th. Chicago Atlantic BDC’s payout ratio is currently 90.67%.

Institutional Investors Weigh In On Chicago Atlantic BDC

A number of hedge funds have recently bought and sold shares of LIEN. Triumph Capital Management bought a new position in Chicago Atlantic BDC during the fourth quarter valued at $32,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Chicago Atlantic BDC in the 4th quarter worth $63,000. Mather Group LLC. purchased a new position in shares of Chicago Atlantic BDC in the 4th quarter worth $106,000. SteelPeak Wealth LLC bought a new stake in shares of Chicago Atlantic BDC in the 4th quarter worth about $110,000. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Chicago Atlantic BDC in the 2nd quarter worth about $111,000. Hedge funds and other institutional investors own 4.36% of the company’s stock.

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.