Short Interest in Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Grows By 124.0%

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 62,404 shares, a growth of 124.0% from the April 30th total of 27,855 shares. Based on an average daily volume of 58,396 shares, the short-interest ratio is currently 1.1 days. Currently, 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Chicago Atlantic BDC

Hedge funds have recently modified their holdings of the company. Triumph Capital Management bought a new position in shares of Chicago Atlantic BDC in the fourth quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Chicago Atlantic BDC in the fourth quarter worth approximately $63,000. Mather Group LLC. bought a new position in shares of Chicago Atlantic BDC in the fourth quarter worth approximately $106,000. SteelPeak Wealth LLC bought a new position in shares of Chicago Atlantic BDC in the fourth quarter worth approximately $110,000. Finally, Westwood Holdings Group Inc. bought a new position in shares of Chicago Atlantic BDC in the second quarter worth approximately $111,000. 4.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Chicago Atlantic BDC from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Chicago Atlantic BDC has a consensus rating of “Strong Buy”.

Chicago Atlantic BDC Stock Performance

Shares of LIEN traded down $0.10 during mid-day trading on Tuesday, hitting $9.86. 90,494 shares of the company traded hands, compared to its average volume of 73,451. The stock has a 50-day moving average price of $9.52 and a two-hundred day moving average price of $10.10. Chicago Atlantic BDC has a 1 year low of $8.92 and a 1 year high of $11.44. The stock has a market cap of $225.08 million, a price-to-earnings ratio of 6.63 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 for the quarter, beating the consensus estimate of $0.36 by $0.08. Chicago Atlantic BDC had a net margin of 57.88% and a return on equity of 11.67%. The firm had revenue of $16.70 million during the quarter, compared to analysts’ expectations of $14.31 million. On average, analysts forecast that Chicago Atlantic BDC will post 1.64 EPS for the current year.

Chicago Atlantic BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 13.8%. The ex-dividend date is Friday, June 26th. Chicago Atlantic BDC’s payout ratio is 90.67%.

Chicago Atlantic BDC Company Profile

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.