183,668 Shares in Chicago Atlantic BDC, Inc. $LIEN Acquired by Black Maple Capital Management LP

by · The Markets Daily

Black Maple Capital Management LP acquired a new position in Chicago Atlantic BDC, Inc. (NASDAQ:LIEN – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 183,668 shares of the company’s stock, valued at approximately $1,901,000. Chicago Atlantic BDC comprises about 0.9% of Black Maple Capital Management LP’s investment portfolio, making the stock its 18th biggest position. Black Maple Capital Management LP owned approximately 0.80% of Chicago Atlantic BDC at the end of the most recent reporting period.

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

Chicago Atlantic BDC Trading Up 2.5%

LIEN opened at $10.93 on Friday. The company has a market cap of $249.43 million, a PE ratio of 13.84 and a beta of 0.26. Chicago Atlantic BDC, Inc. has a 12 month low of $9.70 and a 12 month high of $13.24. The company has a 50 day moving average of $10.44 and a 200 day moving average of $10.48.

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

Chicago Atlantic BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.36 annualized dividend and a yield of 12.4%. Chicago Atlantic BDC’s dividend payout ratio (DPR) is currently 172.15%.

Analysts Set New Price Targets

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

Get Our Latest Report on Chicago Atlantic BDC

About Chicago Atlantic BDC

(Free Report)

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.

Further Reading

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