Sage Mountain Advisors LLC Invests $106,000 in Chicago Atlantic BDC, Inc. $LIEN

Sage Mountain Advisors LLC purchased a new position in shares of Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,251 shares of the company’s stock, valued at approximately $106,000.

Other large investors also recently modified their holdings of the company. Firethorn Wealth Partners LLC purchased a new stake in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $201,000. Twelve Points Wealth Management LLC purchased a new stake in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $272,000. Ritholtz Wealth Management purchased a new stake in shares of Chicago Atlantic BDC during the 2nd quarter worth approximately $361,000. Seneca House Advisors purchased a new position in Chicago Atlantic BDC in the 2nd quarter valued at approximately $367,000. Finally, Apollon Wealth Management LLC bought a new stake in Chicago Atlantic BDC during the 2nd quarter valued at $1,060,000. Hedge funds and other institutional investors own 4.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Chicago Atlantic BDC Price Performance

LIEN opened at $10.34 on Tuesday. The company has a fifty day moving average price of $10.68 and a 200-day moving average price of $10.44. The firm has a market capitalization of $235.96 million, a P/E ratio of 27.95 and a beta of 0.27. Chicago Atlantic BDC, Inc. has a one year low of $9.70 and a one year high of $13.24.

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 firm had revenue of $3.36 million during the quarter. Chicago Atlantic BDC had a net margin of 21.50% and a return on equity of 3.25%. On average, analysts expect that Chicago Atlantic BDC, Inc. will post 0.76 earnings per share for the current year.

Chicago Atlantic BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date was Monday, September 29th. Chicago Atlantic BDC’s payout ratio is 367.57%.

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.