Chicago Atlantic BDC (NASDAQ:LIEN) Issues Quarterly Earnings Results, Misses Expectations By $0.68 EPS

Chicago Atlantic BDC (NASDAQ:LIEN) issued its quarterly earnings results on Wednesday. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.68), Zacks reports. The company had revenue of $11.92 million during the quarter, compared to analysts’ expectations of $10.70 million. Chicago Atlantic BDC had a return on equity of 3.80% and a net margin of 32.69%.

Chicago Atlantic BDC Stock Performance

Shares of NASDAQ LIEN opened at $9.91 on Friday. Chicago Atlantic BDC has a 12-month low of $9.71 and a 12-month high of $13.38. The stock has a market cap of $226.15 million, a PE ratio of 15.02 and a beta of 0.28. The company’s 50-day simple moving average is $10.79.

Chicago Atlantic BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.72%. The ex-dividend date of this dividend is Friday, June 27th. Chicago Atlantic BDC’s payout ratio is 222.95%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LIEN. Oppenheimer began coverage on shares of Chicago Atlantic BDC in a research note on Tuesday, April 22nd. They set a “market perform” rating for the company. Redburn Atlantic upgraded Chicago Atlantic BDC to a “hold” rating in a research note on Tuesday, April 22nd.

About Chicago Atlantic BDC

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.