Chicago Atlantic BDC (NASDAQ:LIEN) Cut to “Hold” at Zacks Research

Chicago Atlantic BDC (NASDAQ:LIEN) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Chicago Atlantic BDC Price Performance

LIEN opened at $9.88 on Monday. The stock has a market capitalization of $225.46 million, a price-to-earnings ratio of 6.59 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 business has a 50-day moving average of $9.85 and a two-hundred day moving average of $9.94.

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 net margin of 57.88% and a return on equity of 11.67%. The company had revenue of $16.70 million during the quarter, compared to the consensus estimate of $14.31 million. Equities research analysts anticipate that Chicago Atlantic BDC will post 1.64 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LIEN. Triumph Capital Management purchased a new position in shares of Chicago Atlantic BDC in the fourth quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Chicago Atlantic BDC in the 4th quarter worth approximately $63,000. Mather Group LLC. purchased a new stake in shares of Chicago Atlantic BDC during the fourth quarter worth $106,000. SteelPeak Wealth LLC acquired a new position in Chicago Atlantic BDC in the 4th quarter worth about $110,000. Finally, Westwood Holdings Group Inc. acquired a new position in Chicago Atlantic BDC in the second quarter worth approximately $111,000. Institutional investors own 4.36% of the company’s stock.

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.