Scott Gordon Acquires 7,500 Shares of Chicago Atlantic BDC (NASDAQ:LIEN) Stock

by · The Markets Daily

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN – Get Free Report) CIO Scott Gordon purchased 7,500 shares of the stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $9.70 per share, for a total transaction of $72,750.00. Following the completion of the transaction, the executive owned 86,608 shares in the company, valued at $840,097.60. This trade represents a 9.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Scott Gordon also recently made the following trade(s):

  • On Monday, August 24th, Scott Gordon acquired 1,520 shares of Chicago Atlantic BDC stock. The stock was purchased at an average cost of $10.11 per share, for a total transaction of $15,367.20.
  • On Friday, August 21st, Scott Gordon acquired 195 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $9.95 per share, with a total value of $1,940.25.
  • On Wednesday, August 19th, Scott Gordon acquired 8,200 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $9.57 per share, with a total value of $78,474.00.
  • On Tuesday, August 18th, Scott Gordon bought 17,584 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $9.54 per share, with a total value of $167,751.36.
  • On Monday, August 17th, Scott Gordon bought 18,300 shares of Chicago Atlantic BDC stock. The shares were purchased at an average cost of $9.54 per share, for a total transaction of $174,582.00.

Chicago Atlantic BDC Trading Up 0.4%

Shares of Chicago Atlantic BDC stock opened at $10.19 on Wednesday. Chicago Atlantic BDC, Inc. has a 52 week low of $8.92 and a 52 week high of $11.44. The stock has a market cap of $232.54 million, a PE ratio of 7.33 and a beta of 0.28. The company’s 50-day moving average price is $9.75 and its two-hundred day moving average price is $9.75.

Chicago Atlantic BDC (NASDAQ:LIEN – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.06). Chicago Atlantic BDC had a net margin of 52.82% and a return on equity of 11.66%. The business had revenue of $13.97 million for the quarter, compared to the consensus estimate of $16.23 million. On average, equities analysts predict that Chicago Atlantic BDC, Inc. will post 1.64 EPS for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given a $0.34 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.36 annualized dividend and a yield of 13.3%. Chicago Atlantic BDC’s payout ratio is 97.84%.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Chicago Atlantic BDC from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Get Our Latest Research Report on LIEN

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LIEN. XTX Topco Ltd purchased a new stake in shares of Chicago Atlantic BDC in the 2nd quarter valued at approximately $112,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Chicago Atlantic BDC during the 2nd quarter worth approximately $619,000. Northeast Financial Consultants Inc acquired a new stake in Chicago Atlantic BDC during the 2nd quarter valued at $851,000. Corient Private Wealth LLC acquired a new stake in Chicago Atlantic BDC during the 2nd quarter valued at $2,784,000. Finally, Westwood Holdings Group Inc. purchased a new stake in shares of Chicago Atlantic BDC in the second quarter valued at $111,000. 4.36% of the stock is owned by hedge funds and other institutional investors.

Chicago Atlantic BDC Company Profile

(Get Free Report)

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.

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