100,955 Shares in Chicago Atlantic BDC, Inc. $LIEN Purchased by Brown Advisory Inc.

Brown Advisory Inc. acquired a new position in shares of Chicago Atlantic BDC, Inc. (NASDAQ:LIEN) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 100,955 shares of the company’s stock, valued at approximately $1,045,000. Brown Advisory Inc. owned approximately 0.44% of Chicago Atlantic BDC at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sage Mountain Advisors LLC acquired a new stake in shares of Chicago Atlantic BDC in the second quarter worth approximately $106,000. Bernardo Wealth Planning LLC purchased a new position in Chicago Atlantic BDC in the 2nd quarter valued at $106,000. Westwood Holdings Group Inc. acquired a new stake in Chicago Atlantic BDC during the 2nd quarter worth $111,000. XTX Topco Ltd purchased a new stake in shares of Chicago Atlantic BDC during the second quarter worth $112,000. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in shares of Chicago Atlantic BDC in the second quarter valued at about $129,000. Hedge funds and other institutional investors own 4.36% of the company’s stock.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Chicago Atlantic BDC to a “hold” rating in a research report on Wednesday, August 20th. Three 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 Price Performance

NASDAQ:LIEN opened at $10.63 on Thursday. The company’s 50-day moving average is $10.43 and its two-hundred day moving average is $10.48. Chicago Atlantic BDC, Inc. has a 1-year low of $9.70 and a 1-year high of $13.24. The firm has a market capitalization of $242.58 million, a price-to-earnings ratio of 13.46 and a beta of 0.26.

Chicago Atlantic BDC (NASDAQ:LIEN) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.33 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 for the quarter. As a group, equities analysts anticipate that Chicago Atlantic BDC, Inc. will post 0.76 earnings per share for the current fiscal year.

Chicago Atlantic BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.34 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.36 dividend on an annualized basis and a yield of 12.8%. Chicago Atlantic BDC’s payout ratio is currently 172.15%.

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.