Apollon Wealth Management LLC Invests $1.06 Million in Chicago Atlantic BDC, Inc. $LIEN

Apollon Wealth Management LLC acquired a new position in shares of Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 102,368 shares of the company’s stock, valued at approximately $1,060,000. Apollon Wealth Management LLC owned about 0.45% of Chicago Atlantic BDC as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Seneca House Advisors acquired a new position in Chicago Atlantic BDC during the 2nd quarter worth about $367,000. Twelve Points Wealth Management LLC purchased a new position in Chicago Atlantic BDC during the 2nd quarter worth approximately $272,000. Finally, Firethorn Wealth Partners LLC purchased a new position in Chicago Atlantic BDC during the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 4.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Chicago Atlantic BDC to a “hold” rating in a research report on Wednesday, August 20th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Chicago Atlantic BDC Price Performance

Shares of LIEN opened at $10.19 on Wednesday. The stock’s 50-day moving average is $10.72 and its two-hundred day moving average is $10.49. The stock has a market cap of $232.54 million, a PE ratio of 27.54 and a beta of 0.27. Chicago Atlantic BDC, Inc. has a 12 month low of $9.70 and a 12 month high of $13.32.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.33 EPS for the quarter. The business had revenue of $3.36 million for the quarter. Chicago Atlantic BDC had a return on equity of 3.25% and a net margin of 21.50%. On average, research analysts anticipate that Chicago Atlantic BDC, Inc. will post 0.76 earnings per share for the current year.

Chicago Atlantic BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 13.3%. The ex-dividend date of this dividend was Monday, September 29th. Chicago Atlantic BDC’s dividend 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.