Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Insider Umesh Mahajan Purchases 1,112 Shares

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) insider Umesh Mahajan acquired 1,112 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were acquired at an average price of $10.23 per share, for a total transaction of $11,375.76. Following the purchase, the insider now owns 1,712 shares of the company’s stock, valued at $17,513.76. This trade represents a 185.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, June 6th, Umesh Mahajan bought 1,000 shares of Chicago Atlantic BDC stock. The stock was purchased at an average price of $10.30 per share, with a total value of $10,300.00.
• On Thursday, April 10th, Umesh Mahajan bought 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 Stock Down 5.7%

LIEN stock opened at $9.75 on Tuesday. Chicago Atlantic BDC, Inc. has a 12-month low of $9.70 and a 12-month high of $13.38. The company has a market cap of $222.50 million, a price-to-earnings ratio of 14.77 and a beta of 0.25. The company has a 50 day moving average of $10.37 and a two-hundred day moving average of $11.38.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its earnings results 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). Chicago Atlantic BDC had a return on equity of 3.80% and a net margin of 32.69%. The company had revenue of $11.92 million during the quarter, compared to analysts’ expectations of $10.70 million. On average, research analysts anticipate that Chicago Atlantic BDC, Inc. will post 0.76 EPS for the current year.

Chicago Atlantic BDC Announces Dividend

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

Wall Street Analyst Weigh In

LIEN has been the subject of several recent analyst reports. Redburn Atlantic upgraded shares of Chicago Atlantic BDC to a “hold” rating in a report on Tuesday, April 22nd. Oppenheimer started coverage on shares of Chicago Atlantic BDC in a research report on Tuesday, April 22nd. They issued a “market perform” rating for the company.

Chicago Atlantic BDC Company Profile

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.