Bernardo Wealth Planning LLC Buys New Position in Chicago Atlantic BDC, Inc. $LIEN

Bernardo Wealth Planning LLC purchased a new position in Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,278 shares of the company’s stock, valued at approximately $106,000.

A number of other large investors also recently modified their holdings of LIEN. Sage Mountain Advisors LLC purchased a new stake in shares of Chicago Atlantic BDC during the second quarter valued at approximately $106,000. Westwood Holdings Group Inc. purchased a new position in Chicago Atlantic BDC in the 2nd quarter worth approximately $111,000. XTX Topco Ltd bought a new position in Chicago Atlantic BDC during the second quarter valued at approximately $112,000. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Chicago Atlantic BDC during the second quarter valued at approximately $129,000. Finally, Firethorn Wealth Partners LLC purchased a new stake in Chicago Atlantic BDC in the 2nd quarter worth approximately $201,000. Institutional investors own 4.36% of the company’s stock.

Wall Street Analyst Weigh In

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, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Chicago Atlantic BDC Trading Up 1.2%

Shares of NASDAQ LIEN opened at $11.03 on Friday. Chicago Atlantic BDC, Inc. has a 12-month low of $9.70 and a 12-month high of $13.24. The firm has a market capitalization of $251.70 million, a price-to-earnings ratio of 13.96 and a beta of 0.27. The firm has a 50 day moving average of $10.45 and a 200 day moving average of $10.44.

Chicago Atlantic BDC (NASDAQ:LIEN) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.33 earnings per share (EPS) for the quarter. Chicago Atlantic BDC had a net margin of 33.72% and a return on equity of 5.80%. 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 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.