Insider Buying: Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Insider Acquires 1,000 Shares of Stock

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) insider Umesh Mahajan acquired 1,000 shares of the stock in a transaction dated Friday, June 6th. The shares were bought at an average price of $10.30 per share, for a total transaction of $10,300.00. Following the transaction, the insider now owns 2,712 shares in the company, valued at approximately $27,933.60. This represents a 58.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Umesh Mahajan also recently made the following trade(s):

• On Thursday, June 5th, Umesh Mahajan purchased 1,112 shares of Chicago Atlantic BDC stock. The shares were purchased at an average price of $10.23 per share, for a total transaction of $11,375.76.
• On Thursday, April 10th, Umesh Mahajan acquired 600 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $10.74 per share, with a total value of $6,444.00.

Chicago Atlantic BDC Price Performance

LIEN stock traded down $0.59 during trading on Monday, hitting $9.75. 121,895 shares of the company traded hands, compared to its average volume of 18,750. The stock has a 50-day moving average of $10.40. Chicago Atlantic BDC, Inc. has a 1 year low of $9.70 and a 1 year high of $13.38. The firm has a market capitalization of $222.50 million, a price-to-earnings ratio of 14.77 and a beta of 0.25.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.68). The firm had revenue of $11.92 million during the quarter, compared to analysts’ expectations of $10.70 million. Chicago Atlantic BDC had a net margin of 32.69% and a return on equity of 3.80%. As a group, equities analysts predict that Chicago Atlantic BDC, Inc. will post 0.76 earnings per share for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $1.36 dividend on an annualized basis and a yield of 13.95%. Chicago Atlantic BDC’s dividend payout ratio is presently 680.00%.

Wall Street Analysts Forecast Growth

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

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.