Condor Capital Management Buys Shares of 178,138 Chicago Atlantic BDC, Inc. $LIEN

Condor Capital Management bought a new stake in shares of Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 178,138 shares of the company’s stock, valued at approximately $1,844,000. Condor Capital Management owned about 0.78% of Chicago Atlantic BDC at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LIEN. Sage Mountain Advisors LLC acquired a new stake in Chicago Atlantic BDC in the second quarter valued at $106,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of Chicago Atlantic BDC in the 2nd quarter worth about $129,000. Firethorn Wealth Partners LLC acquired a new stake in shares of Chicago Atlantic BDC in the 2nd quarter valued at about $201,000. Twelve Points Wealth Management LLC bought a new position in shares of Chicago Atlantic BDC during the second quarter worth about $272,000. Finally, Ritholtz Wealth Management bought a new position in shares of Chicago Atlantic BDC during the second quarter worth about $361,000. Institutional investors own 4.36% of the company’s stock.

Analyst Ratings Changes

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

Chicago Atlantic BDC Stock Down 1.5%

Shares of NASDAQ:LIEN opened at $10.19 on Friday. The company has a market cap of $232.54 million, a PE ratio of 12.90 and a beta of 0.27. Chicago Atlantic BDC, Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $13.24. The firm has a 50-day simple moving average of $10.48 and a 200 day simple moving average of $10.40.

Chicago Atlantic BDC (NASDAQ:LIEN) last issued its earnings results on Thursday, May 9th. The company reported $0.33 earnings per share (EPS) for the quarter. Chicago Atlantic BDC had a net margin of 33.72% and a return on equity of 5.81%. The firm had revenue of $3.36 million for the quarter. As a group, research analysts forecast that Chicago Atlantic BDC, Inc. will post 0.76 EPS for the current fiscal year.

Chicago Atlantic BDC 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.