Chicago Atlantic BDC (NASDAQ:LIEN) Releases Earnings Results, Beats Estimates By $0.06 EPS

Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06, Zacks reports. Chicago Atlantic BDC had a net margin of 32.69% and a return on equity of 3.80%. The firm had revenue of $12.65 million for the quarter, compared to analysts' expectations of $11.00 million.

Chicago Atlantic BDC Price Performance

Shares of NASDAQ:LIEN traded down $0.36 on Friday, reaching $10.70. 20,650 shares of the company traded hands, compared to its average volume of 9,626. The stock has a market cap of $66.50 million, a PE ratio of 16.21 and a beta of 0.27. The firm has a 50 day simple moving average of $11.70. Chicago Atlantic BDC has a fifty-two week low of $9.69 and a fifty-two week high of $13.38.

Chicago Atlantic BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $1.36 annualized dividend and a yield of 12.71%. Chicago Atlantic BDC's dividend payout ratio (DPR) is 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.