Oppenheimer initiated coverage on shares of Chicago Atlantic BDC (NASDAQ:LIEN - Free Report) in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The firm issued a market perform rating on the stock.
Chicago Atlantic BDC Price Performance
NASDAQ LIEN traded up $0.06 during trading on Tuesday, hitting $10.65. The stock had a trading volume of 14,584 shares, compared to its average volume of 10,834. The firm's 50 day moving average price is $11.33. The stock has a market cap of $243.03 million, a PE ratio of 16.14 and a beta of 0.27. Chicago Atlantic BDC has a one year low of $9.71 and a one year high of $13.38.
Chicago Atlantic BDC (NASDAQ:LIEN - Get Free Report) last issued its earnings results on Monday, March 31st. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.06. Chicago Atlantic BDC had a net margin of 32.69% and a return on equity of 3.80%. The business had revenue of $12.65 million for the quarter, compared to analyst estimates of $11.00 million. On average, sell-side analysts expect that Chicago Atlantic BDC will post 0.76 EPS for the current fiscal year.
Chicago Atlantic BDC Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $1.36 annualized dividend and a dividend yield of 12.77%. Chicago Atlantic BDC's payout ratio is presently 222.95%.
Chicago Atlantic BDC Company Profile
(
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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.
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