Firethorn Wealth Partners LLC Takes $201,000 Position in Chicago Atlantic BDC, Inc. $LIEN

Firethorn Wealth Partners LLC acquired a new stake in Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,415 shares of the company’s stock, valued at approximately $201,000. Firethorn Wealth Partners LLC owned approximately 0.09% of Chicago Atlantic BDC at the end of the most recent quarter.

Separately, Twelve Points Wealth Management LLC acquired a new stake in shares of Chicago Atlantic BDC in the second quarter valued at $272,000. 4.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Chicago Atlantic BDC Trading Up 0.8%

NASDAQ:LIEN opened at $10.50 on Friday. The firm has a market cap of $239.61 million, a PE ratio of 28.38 and a beta of 0.27. The stock has a fifty day moving average price of $10.70 and a 200 day moving average price of $10.54. Chicago Atlantic BDC, Inc. has a 12-month low of $9.70 and a 12-month high of $13.38.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its earnings results on Thursday, August 14th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $13.08 million during the quarter, compared to analysts’ expectations of $13.10 million. Chicago Atlantic BDC had a net margin of 21.50% and a return on equity of 3.25%. Equities analysts forecast 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, October 10th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 13.0%. The ex-dividend date of this dividend is Monday, September 29th. Chicago Atlantic BDC’s payout ratio is 367.57%.

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.