Chicago Atlantic BDC (NASDAQ:LIEN) Earns Market Perform Rating from Analysts at Oppenheimer

Oppenheimer began coverage on shares of Chicago Atlantic BDC (NASDAQ:LIEN) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage issued a market perform rating on the stock.

Chicago Atlantic BDC Price Performance

LIEN opened at $10.59 on Tuesday. The company has a market capitalization of $241.66 million, a PE ratio of 16.05 and a beta of 0.27. Chicago Atlantic BDC has a twelve month low of $9.71 and a twelve month high of $13.38. The business’s 50-day moving average price is $11.36.

Chicago Atlantic BDC (NASDAQ:LIEN) last issued its quarterly earnings results on Monday, March 31st. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. The company had revenue of $12.65 million during the quarter, compared to the consensus estimate of $11.00 million. Chicago Atlantic BDC had a net margin of 32.69% and a return on equity of 3.80%. Sell-side analysts anticipate that Chicago Atlantic BDC will post 0.76 EPS for the current fiscal year.

Chicago Atlantic BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $1.36 annualized dividend and a dividend yield of 12.84%. Chicago Atlantic BDC’s dividend payout ratio is currently 222.95%.

About Chicago Atlantic BDC

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.