Chicago Atlantic BDC (NASDAQ:LIEN) Releases Earnings Results

Chicago Atlantic BDC (NASDAQ:LIEN) announced its quarterly earnings results on Wednesday. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.13), FiscalAI reports. The company had revenue of $13.97 million for the quarter, compared to analyst estimates of $16.23 million. Chicago Atlantic BDC had a return on equity of 11.67% and a net margin of 57.88%.

Chicago Atlantic BDC Price Performance

NASDAQ LIEN traded down $0.26 during trading hours on Thursday, reaching $9.44. The company’s stock had a trading volume of 71,194 shares, compared to its average volume of 71,726. The firm has a fifty day simple moving average of $9.78 and a 200-day simple moving average of $9.80. The stock has a market cap of $215.42 million, a P/E ratio of 6.29 and a beta of 0.28. Chicago Atlantic BDC has a 52 week low of $8.92 and a 52 week high of $11.44.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Chicago Atlantic BDC from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Hedge Funds Weigh In On Chicago Atlantic BDC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in shares of Chicago Atlantic BDC during the second quarter worth $112,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Chicago Atlantic BDC in the second quarter valued at $619,000. Northeast Financial Consultants Inc acquired a new stake in Chicago Atlantic BDC in the second quarter valued at $851,000. Corient Private Wealth LLC bought a new position in Chicago Atlantic BDC during the 2nd quarter worth $2,784,000. Finally, Westwood Holdings Group Inc. bought a new position in Chicago Atlantic BDC during the 2nd quarter worth $111,000. 4.36% of the stock is currently owned by institutional investors and hedge funds.

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.