Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Short Interest Update

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 27,855 shares, a growth of 100.5% from the April 15th total of 13,895 shares. Based on an average trading volume of 67,578 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Chicago Atlantic BDC Stock Down 1.3%

Chicago Atlantic BDC stock traded down $0.13 during mid-day trading on Friday, hitting $9.70. 80,652 shares of the company were exchanged, compared to its average volume of 63,536. The business has a fifty day moving average of $9.54 and a 200 day moving average of $10.12. Chicago Atlantic BDC has a 1-year low of $8.92 and a 1-year high of $11.44. The company has a market capitalization of $221.35 million, a PE ratio of 6.47 and a beta of 0.25.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08. Chicago Atlantic BDC had a return on equity of 11.69% and a net margin of 57.88%.The firm had revenue of $16.70 million during the quarter, compared to analyst estimates of $14.31 million. Research analysts expect that Chicago Atlantic BDC will post 1.49 earnings per share for the current year.

Chicago Atlantic BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 14.0%. The ex-dividend date is Friday, June 26th. Chicago Atlantic BDC’s dividend payout ratio is currently 170.00%.

Institutional Trading of Chicago Atlantic BDC

Several large investors have recently made changes to their positions in the business. Sowell Financial Services LLC bought a new stake in shares of Chicago Atlantic BDC during the fourth quarter worth $4,940,000. Corient Private Wealth LLC grew its holdings in shares of Chicago Atlantic BDC by 9.9% during the fourth quarter. Corient Private Wealth LLC now owns 382,865 shares of the company’s stock worth $3,955,000 after purchasing an additional 34,423 shares during the last quarter. Sage Mountain Advisors LLC grew its holdings in shares of Chicago Atlantic BDC by 29.9% during the fourth quarter. Sage Mountain Advisors LLC now owns 268,088 shares of the company’s stock worth $2,769,000 after purchasing an additional 61,721 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Chicago Atlantic BDC by 227.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 195,884 shares of the company’s stock worth $2,057,000 after purchasing an additional 136,110 shares during the last quarter. Finally, Condor Capital Management grew its holdings in shares of Chicago Atlantic BDC by 3.1% during the third quarter. Condor Capital Management now owns 183,705 shares of the company’s stock worth $1,929,000 after purchasing an additional 5,567 shares during the last quarter. Institutional investors own 4.36% of the company’s stock.

About Chicago Atlantic BDC

Chicago Atlantic BDC (NASDAQ:LIEN) is a closed-end management investment company organized as a business development company (BDC). It focuses on providing debt and equity financing solutions to U.S. middle-market companies that demonstrate strong growth potential. Through its public listing, the company offers investors exposure to a diversified portfolio of private credit and equity investments aimed at delivering attractive risk-adjusted returns.

The company’s investment strategy centers on structuring customized credit facilities, including senior secured loans, unitranche loans, mezzanine debt and equity co-investments.