Ritholtz Wealth Management Buys Shares of 34,911 Chicago Atlantic BDC, Inc. $LIEN

Ritholtz Wealth Management bought a new stake in shares of Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 34,911 shares of the company’s stock, valued at approximately $361,000. Ritholtz Wealth Management owned approximately 0.15% of Chicago Atlantic BDC at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LIEN. Apollon Wealth Management LLC purchased a new stake in shares of Chicago Atlantic BDC during the second quarter worth about $1,060,000. Seneca House Advisors purchased a new stake in shares of Chicago Atlantic BDC during the second quarter worth about $367,000. Twelve Points Wealth Management LLC purchased a new stake in shares of Chicago Atlantic BDC during the second quarter worth about $272,000. Finally, Firethorn Wealth Partners LLC purchased a new stake in shares of Chicago Atlantic BDC during the second quarter worth about $201,000. 4.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Chicago Atlantic BDC Stock Performance

Chicago Atlantic BDC stock opened at $10.10 on Tuesday. Chicago Atlantic BDC, Inc. has a 1 year low of $9.70 and a 1 year high of $13.25. The firm has a 50 day moving average price of $10.72 and a 200 day moving average price of $10.46. The company has a market cap of $230.48 million, a price-to-earnings ratio of 27.30 and a beta of 0.27.

Chicago Atlantic BDC (NASDAQ:LIEN) last released 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 21.50% and a return on equity of 3.25%. The firm had revenue of $3.36 million during the quarter. Sell-side analysts predict that Chicago Atlantic BDC, Inc. will post 0.76 EPS for the current year.

Chicago Atlantic BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 13.5%. The ex-dividend date was Monday, September 29th. Chicago Atlantic BDC’s payout ratio is presently 367.57%.

Chicago Atlantic BDC Company 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.