Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) Sees Large Decrease in Short Interest

Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 79,289 shares, a decrease of 31.7% from the June 30th total of 116,091 shares. Based on an average daily volume of 74,335 shares, the short-interest ratio is presently 1.1 days. Currently, 0.4% of the company’s stock are sold short.

Chicago Atlantic BDC Trading Down 0.1%

LIEN opened at $9.34 on Friday. The firm has a market cap of $213.15 million, a price-to-earnings ratio of 6.23 and a beta of 0.27. Chicago Atlantic BDC has a 12 month low of $8.92 and a 12 month high of $11.44. The stock has a fifty day moving average price of $9.86 and a 200-day moving average price of $9.87.

Chicago Atlantic BDC (NASDAQ:LIEN) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. Chicago Atlantic BDC had a return on equity of 11.67% and a net margin of 57.88%.The company had revenue of $16.70 million for the quarter, compared to the consensus estimate of $14.31 million. On average, equities research analysts forecast that Chicago Atlantic BDC will post 1.64 EPS for the current year.

Chicago Atlantic BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 14.6%. The ex-dividend date of this dividend was Friday, June 26th. Chicago Atlantic BDC’s dividend payout ratio is presently 90.67%.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Chicago Atlantic BDC from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Triumph Capital Management bought a new position in shares of Chicago Atlantic BDC during the 4th quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Chicago Atlantic BDC in the fourth quarter valued at approximately $63,000. SteelPeak Wealth LLC acquired a new stake in Chicago Atlantic BDC in the fourth quarter valued at approximately $110,000. Westwood Holdings Group Inc. acquired a new stake in Chicago Atlantic BDC in the second quarter valued at approximately $111,000. Finally, XTX Topco Ltd purchased a new position in Chicago Atlantic BDC in the second quarter worth $112,000. Hedge funds and other 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.